Brett Gallagher
Brett Gallagher
We're going to see a lot of revisions down as we go on through the year. Expectations are high.
build gains news order period prolonged slow steady time
We're going to have to see better news and slow steady incremental gains over a prolonged period of time in order to build the market.
ability along bit company continue course focusing follow further gas increase later limited months name natural next others percent petroleum prices production pump sector services surprise turn vastly
We're focusing more on the drillers and some producers. The services sector I think will follow along a little bit later Anadarko Petroleum is one of our favorites, ... This is a bit of a natural gas play. It's the one company in this sector that can increase their production should prices turn higher. Many others are limited by their ability to continue to pump out further amounts of product. I think Anadarko is vastly undervalued. To get another 30-to-50 percent out of the name over the course of the next 12-to-18 months would not surprise me at all.
continues middle respect war
It continues to be a tug of war with all of the uncertainty going on with respect to the Middle East,
bounce earnings estimates extent given help last markets quarters risk sold unexpected week
It is a little bounce and it's not to be unexpected given how much the markets sold off last week so I wouldn't read too much into this. Earnings are going to be very important to help set the tone, but the out quarters are still very much at risk and those estimates have not come down to the extent I think they should.
market
I think the market is just biding its time, and we're going to have these back-and-forth days.
bit energy percent run sector sensitive september
A lot of the other cyclically sensitive sectors have already run 50-to-100 percent from the September lows. Energy is one sector that's lagged a little bit there and we think there is still some value,
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There's been very little investment in infrastructure at these companies over the past decade -- tech was sucking up all the capital, ... Demand is picking up and you have this big, new demand from China, which is pulling away supply that might otherwise have headed to the United States.
companies earnings estimates gonna hurdle kick markets
As we kick off earnings season, it's going to be important what these companies are saying. Estimates are down so low, that if companies keep disappointing, markets are gonna have a big hurdle to overcome.
convinced inspire until
There was nothing that was said to inspire confidence. Until we see some end-market pickup, I'm not going to be convinced the end is near.
anybody asleep originally people
Anybody who was asleep through all of this is getting jolted awake. A lot of people are back to where they were when they originally started investing.
fallen far market tends
Once the market has fallen far and fast, there tends to be a pause.
add demand energy opportunity view
Demand will keep energy tight. Any pullback I view as an opportunity to add to positions.
investors run step
After a big up day like you had yesterday, you have to have some digestion. Once things run up by a big amount, then investors have to step back.