Fadel Gheit - Oppenheimer Holdings

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Last quote by Fadel Gheit

Their attitude is, We can't control the price, so we might as well keep producing because we desperately need the cash flow.feedback
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Apr 28 2017 OPEC
This page is completely dedicated to what Fadel Gheit has to say. All of Fadel Gheit’s quotes are organized here by date and topic. The most recent quote attributed to Fadel Gheit came from an article called Big oil earnings are at the crossroads: “The bids and asks [between buyers and sellers] have never been wider, because a few years ago we had $110 oil, and last year we had $27 oil. Which is the real price? They can't agree.”.
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Fadel Gheit quotes

Higher oil prices will create [a] profitable environment at $60-$65 oil. Only two years ago, you needed $80, $85 to $90 oil.feedback

There will come a day where dividend is at risk and that day is today. Not only Chevron, but the rest of the industry is currently funding dividends through additional borrowing. You can't do that forever.feedback

The oil industry needs a minimum amount of investment to keep oil supply in line with demand. Even if the demand in China is not as strong as we thought ... the current investment right now would not be sufficient enough to bring additional production to meet global demand.feedback

This time around it's real fear and I don't know if releasing 10 or 15 or 20 million barrels of strategic petroleum reserve will calm the market fears.feedback

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