We are going to fight this tooth and nail, ... This is far from being done. We have been waiting for the right time to make our tender offer and we will do so in the next 30 days.
More Quotes from Michael Lynch:
Gasoline demand normally drops off at this time of year. This year we are seeing an additional decline.Michael Lynch
The market will move back and forth in the weeks ahead. There is bad geopolitical news at the same time we are looking at high inventories.
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He had the normal everyday worries everyone has.
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We have had a very good relationship with Reynolds and we know we can make Reynolds profitable,
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The Iranian statement that they would continue to ship oil has reduced the perceived threat, which has been the main pillar supporting the market. It doesn't appear that any action will be taken for a few months, when the market should be weaker.
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