7 Quotes by Gene Gillespie

We're sort of in an oil price bubble.

I think crude has been overpriced for the last 12 to 18 months. I think all parties understand the situation. They're going into a seasonal increase in the fourth and first quarters, and they're anticipating an increase in demand.

Management has been parachuted in that has not understood the fundamentals of the business. You need to bring in one person with a small SWAT team.

Earnings estimates are factoring in generous prices and in the second half of the year comparisons are going to get difficult.

It wouldn't be a calamity unless we lost another 5 (percent) to 10 percent of capacity,

That's a big concern because they do have a lot investment opportunities there. Unfortunately, they could be unfulfilled.

The first quarter is history. The focus is on what are prices going to be going forward. When they're down, there's less (confidence) that they're going to continue to go higher.