Fadel Gheit Companies Quotations

The only option for these companies is to merge and seek yet more job cuts and savings.

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.

We're already seeing some companies yielding to pressure. But everybody is waiting for the big lady to sing, which is Exxon.

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.

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.

It's cheaper for companies to buy production and reserves on Wall Street than go drill for it. It's instant gratification.

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,

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.

All these companies have so much money, they don't know what to do with it.