It will take a little time for this shock to work its way through, these energy companies are going to have to look very carefully at their capital budgets based on the new reality of the oil price. Rick Hutcheon More Quotes by Rick Hutcheon More Quotes From Rick Hutcheon Right now we're still floundering around, everyone's worried, but eventually people are going to start saying 'Oh, there is a blue sky, there is a light at the end of the tunnel'. Rick Hutcheon energy There are increasing signs that the U.S. economy is starting to gain some traction, it's really what everyone's been waiting for. Rick Hutcheon energy I still think you're voting with the wind here, I don't know which way this is going to go, it's probably still too close to call. Rick Hutcheon energy It's cheaper to make things, cheaper to drive your car, you know? more consumers have more spending power and so on and so forth. Rick Hutcheon company-news It's symptomatic of a changing of the guard in the market, I think there's a re-evaluation going on, people have given up on this year, now they're looking at what they're going to do for next year, are things in fact going to get better and if so, at what stage do you step in and put a few marbles on some bets. Rick Hutcheon company-news We're their biggest trading partner, we're going to get dragged along for the ride, it doesn't mean we're going to have robust or fabulous growth here but I think the downside has been seen. Rick Hutcheon company-news It's emotion, it's sentiment, and the market is getting pushed back and forth, let the tidal wave, the tsunami play itself out and then we'll figure out what's going on. Rick Hutcheon company-news As soon as I get some sense of sanity and rational decision making, that's probably exactly what I'll do. Rick Hutcheon company-news We've really taken a beating here in Toronto in the last little while, people are beginning to troll for stocks that appear to have some lasting long-term structural value, good management. ... At some stage, things fall to a point at which value starts to surface and we may be there. Rick Hutcheon company-news If you're a long-term investor ... you have to seriously look at energy, they're hated ... but what else could go wrong for them these days? Maybe they're worth a look. Rick Hutcheon company-news Everybody is primed for Greece, the markets hate uncertainty. It really boils down to that. This is unknown, the impact, the implications ... who knows what the short-term dislocations will be? Rick Hutcheon company-news Financials are getting hurt more than anybody today and I think that's because of the insecurities or uncertainties that surround the (Greece) outcome. Rick Hutcheon company-news There are so many things overhanging the market right now, we've got an OPEC meeting, we've got Greece, we've got economic reports coming out, you name it, we're just stuck in this funk right now until we get some clarity as to where any of these issues are going to fall out. Rick Hutcheon company-news There are so many things overhanging the market right now, we've got an OPEC meeting, we've got Greece, we've got economic reports coming out, you name it, everyone is worried about the Fed tapering, it's all the same old stories. Rick Hutcheon company-news People are beginning to sense that the big blowout downside to $20 or something may not happen, no one can pick the bottom, but you start buying from time to time in energy. Rick Hutcheon company-news The trend in the last couple of days has been a reassessment of the short-term growth prospects out of the States. Rick Hutcheon company-news We are still concerned about how Canada is going to weather the energy storm. We just have to get ourselves through this, if there's another month or two of relative stability in the energy sector, we probably could see some interest in M&A activity coming back. Rick Hutcheon company-news The market is exhausted. We've not seen volatility like this in years, a lot of players haven't seen this ever in their careers. Rick Hutcheon company-news We're still suffering from the misery of the OPEC decision. The Canadian oil patch is really taking it on the chin, it will take a little time for this shock to work its way through. Rick Hutcheon company-news
