Mark Pervan
Mark Pervan
market money strong wants
It's had such a strong run. There's a lot of short-term money in the market that probably wants to take a profit, like hedge funds.
conditions current deliver good held hostage market operating results tough
They've been held hostage to pretty tough operating conditions. You want to be able to deliver good results into current market conditions but they haven't been able to do that.
market strong taking
It had a pretty strong run, so the market is taking profits.
growth investing market players supply
Supply growth is not there, and the players in the market aren't investing in new supply.
capital certainly expecting generous management market
The capital management was certainly on the cards, but the market wasn't expecting such a generous offer.
ahead market
The market would be positioning ahead of that deadline.
caused cautious damage filtering gulf hurricane information market oil
The market is still very cautious about the damage caused by Hurricane Rita, and they're just digesting new information filtering in about damage to oil rigs in the Gulf of Mexico,
assets closely companies market oil progress report seeing watching
The market is closely watching out for the report as a way of seeing the progress that oil companies and refiners are making in getting their assets back online,
becoming concerned full gasoline less market shows supplies towards
The market is becoming less concerned about gasoline supplies in the US. It shows the US refineries are getting towards full capacity.
high huge material raw realizing users
There's huge demand. These users are realizing that with such high raw material prices, it makes sense to own some of these assets.
alone approval benefit defining expect government guys juniors mine months passed point product six view
From a short-term point of view I don't expect any of these juniors to benefit. It's going to take six to 12 months to get legislation passed to get these guys up and running, and then they have to get government approval to actually mine the stuff. It could take many, many years for them to get their product to the market, let alone first defining what they've got.
bit caution prices profit taking
There is probably a little bit of caution - we could see some profit taking - these prices look pretty heady.
ahead bit crude healthy looking morning oil since situation stocks
We're looking at a bit of profit-taking this morning ahead of the U.S. crude oil stocks report. The market's probably got a little ahead of itself, since the U.S. crude situation is very healthy at the moment.
bit gasoline profit since supply surprised taking
But since U.S. gasoline supply is actually ample, I'm not surprised there's been a bit of profit taking today.