Every negative development in the oil price slams the energy stocks. Oil companies are increasingly dependent on higher oil prices because their own costs are also rising.
More Quotes from Jan Leroy:
People are a bit concerned about higher inflation and pressure on profit margins. After a strong run in the first quarter, it is healthy and normal to have a pause for breath.Jan Leroy
We're still positive on the stock. It's clear that ABB, after a downturn, is benefiting from strong demand. That's very positive, not only for the results but for the outlook in 2006.
Jan Leroy
For the time being I wouldn't panic or read too much into (the oil price), but if it goes even higher or if it remains at such a level for an extended period, it could become a drag on the economy.
Jan Leroy
It's a cash machine. The company is well positioned for growth in Latin America and Asia.
Jan Leroy
The mood is very positive. Earnings are supportive, the economic data is supportive and there's an MA frenzy. We think inflation will remain contained.
Jan Leroy
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