3 ordspråk av George Gaspar

George Gaspar

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This deal is going to prompt further consolidation. The continuing volatility in petroleum prices makes it imperative for these companies to find ways to reduce costs.

I don't think the industry has the capacity to expand much beyond the rate at which it's expanding now. When you match a relatively constrained capacity to expand against the increasing growth rate of demand for crude oil, it sets the potential course for oil to ultimately go beyond $50 a barrel.

The more that oil trades over $50, the group will be attractive to investors because of solid earnings and cash flow.

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