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Quotations
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Victor Shum Quotes
«But then the storm reloaded over the weekend, gained strength and set on a path toward the oil facilities, ... The people who sold on Friday are probably kicking themselves now.»
Author: Victor Shum
«The bulls are back in the market with just a little bit of cold weather.»
Author: Victor Shum
«At the end of the day, physical asset acquisition is going to give banks more leverage over their trading positions.»
Author: Victor Shum
«The downward close on Thursday was due to the warmer weather forecast ... and today the market is correcting (that) so it's gone back up a little.»
Author: Victor Shum
«Short term events like this which are unpredictable can drive a high price floor for crude prices. That is why we are seeing pricing in the high 50s even though the market is well supplied.»
Author: Victor Shum
«The current Iranian developments, though they will not cause any immediate disruption to oil supply, have caused some anxiety on the part of traders.»
Author: Victor Shum
«We can expect an overall high floor in prices this week.»
Author: Victor Shum
«State-owned enterprises have perhaps more options than international oil companies. Without shareholders, they can go places that might not be politically acceptable.»
Author: Victor Shum
«Perhaps one could surmise that they wanted the listed company to be more independent and decide what to buy on their own rather than becoming an arm of a state-owned company.»
Author: Victor Shum
«They must have worked out some agreement between them to resolve the pricing dispute.»
Author: Victor Shum
