“Personally, I would have liked to have seen it priced at the lower end of the range as an olive branch to the individual investors. But I think they did a superb job pricing it, particularly given the pressures they were under with an offering of this size.”
David Menlow
“The question is whether OPEC allows prices to slip to a slightly lower range without formally abandoning its basket price,”
Mehdi Varzi
“The question is whether OPEC allows prices to slip to a slightly lower range without formally abandoning its basket price.”
“Investors are chasing commodity prices. Until we fall even lower, though, we're still in a trading range. We'll be very focused on inflation for the rest of the week. Economic numbers are coming a little weaker lately, adding to why the market is reacting poorly.”
Paul Nolte
“We saw the increase in price range and it looks like they followed through all the way to pricing. This is not surprising.”
Corey Ostman
“Whereas they used to have a higher price range, say $17 to $21 [a barrel], now people say prices could be at $11, $12, $15 for a long time, or at least you can't bet your company that they are going to be higher, and that has led to this powerful motive to merge as the next stage of getting your costs under control and spreading them out over a larger base.”
Daniel Yergin
“The range of $0.505 is at the low end of historical experience. New highs in the spot cash price are certainly possible, particularly if weather concerns persist into the spring.”
Darrel Good
