Fadel Gheit

Fadel Gheit
companies expect handle ill instant oil prepared prices profits took winning
The surge in oil prices took companies by surprise. They didn't expect the windfall profits and were ill prepared to handle the instant wealth. It's like winning the lottery.
companies everybody lady seeing waiting
We're already seeing some companies yielding to pressure. But everybody is waiting for the big lady to sing, which is Exxon.
city companies mandatory maybe near operating preparing shut texas three
There are mandatory evacuations in the Galveston area, and most of the operating companies near Texas City are preparing to shut down completely by this Friday. They believe, at best, they will be shut down for three days, maybe as long as a week.
agencies companies dependent emerging everybody government instead resources secure somebody trying
Everybody is trying to secure their own resources instead of being dependent on somebody else. All these government-owned companies or government agencies are emerging from the bureaucracy and the state's shadow.
buy cheaper companies drill instant production reserves street wall
It's cheaper for companies to buy production and reserves on Wall Street than go drill for it. It's instant gratification.
companies cuts job merge option seek
The only option for these companies is to merge and seek yet more job cuts and savings.
beyond biggest companies game looking prepared seats table
These two companies are rearranging the seats around the table of the biggest game in town. They are prepared for $12 oil; they are looking beyond that,
add buy companies control dividends earn excite free gas grow hard investors likely oil raise ride rising work
The companies will have to work hard to earn their performance. They are not going to get a free ride on the back of rising oil and gas prices, which are likely to be flat. What will excite investors are those companies that are able to grow production, add reserves, control costs, raise dividends or buy back stock.
companies
All these companies have so much money, they don't know what to do with it.
crude gasoline high hope hopes lower might people prices reflection
We might see some reflection on crude prices as well as gasoline prices going forward, but not by much. I hope that people do not have high hopes for much lower crude prices or gasoline prices, because that is not in the cards.
higher reflecting stocks support
These stocks are not reflecting $50 or $60 oil. They are probably reflecting $40 oil. But this is not realistic. The fundamentals support a higher price.
emotion field playing
The speculators are going to have a field day playing with emotion and rumor.
dependence economic hit inflation less oil
Our economic dependence on oil is much less than it was even 10 years ago. If inflation comes, it won't be as big a hit as it was in the '80s.
exceeded production terms volume year
Operationally they exceeded expectations in terms of production; their production volume was up significantly from year ago.