John Segner
John Segner
amount capacity lost
We have lost a significant amount of capacity out of the Gulf.
energy fact last negative people perfectly quarter stocks throwing year
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.
crude oil premium risk
The risk premium for crude oil just went up.
capacity growth next
Even if growth slows, we're not going to have significant additions to capacity in the next 12 months.
capital companies earnings growth increased net oil year
You'll 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.
people understand
Most people don't own very much (of gold), and they don't particularly understand it very well.
cheaper decent oil pay
They're cheaper than oil drillers and services, and they pay a decent dividend.
increase interests needed publicly
OPEC has publicly said if needed it would increase production. It's not in their interests to become unreliable.
next optimistic
I'm very optimistic for the next 18 to 24 months.
clearly invested
You clearly want to be invested in the group.