Demand will keep energy tight. Any pullback I view as an opportunity to add to positions.
More Quotes from Brett Gallagher:
I don't think there's any fraud there, but they're the king of creative and aggressive accounting.Brett Gallagher
I think it's extremely important for U.S. investors to get this idea. It's slowly becoming more mainstream. As the world has become more global, it's more important to get best-in-class, and the only way you'll do that is to compare companies globally.
Brett Gallagher
There's all this emphasis on the next Enron, when that doesn't exist, ... What's more common is a widespread stretching of the standards of accounting, particularly in what companies count as one-time items as opposed to recurring charges.
Brett Gallagher
We've seen more bad news than good news on the economic front over the last few weeks, but the market has been trading higher. Earnings season will probably drive the market for the next few weeks, but at some point, we're probably going to be vulnerable
Brett Gallagher
This is a stock where everything went wrong last year it bottomed out under 7 a share. What really attracted us was when we first started looking at the name, it was more of what are the assets worth. When we started putting that sum of the parts together we were coming out with numbers north of 20 a share,
Brett Gallagher
What we're probably getting in the U.S. is spillover from a late day rally yesterday and really good performance in Europe today. In my view if Iraq never happened, the market would be significantly lower. I think the uncertainty has held up the market. The fundamentals are terrible.
Brett Gallagher
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