“You clearly want to be invested in the group.”
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“I wouldnt get overly concerned about it. Iraq has been coming on and off the market all the time.”
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“The risk premium for crude oil just went up.”
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“Youll see increased capital spending. Even if oil does go to $50 a barrel, these companies are going to show net earnings growth year over year.”
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“We have lost a significant amount of capacity out of the Gulf.”
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“Even if growth slows, were not going to have significant additions to capacity in the next 12 months.”
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“Most people dont own very much (of gold), and they dont particularly understand it very well.”
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“These stocks were grossly oversold last year and the first quarter of 1999, to be perfectly frank. People were too negative and they were throwing out the fact that we do need energy in our society.”
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“Energy demand world-wide is growing.”
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“Im very optimistic for the next 18 to 24 months.”
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