11-13-2013, 06:05 AM
These notes are excellent captures of what was said.
While I was listening to the CC this AM it seemed each new statement was laid on top of the foundation of all preceding, much like building a great brick edifice. Much of this came about in answer to analysts' questions, which were right at the core of what we would all like to know-- what, when and how much. Confidentiality blocks the absolute answers now obviously, but what Hession revealed is absolutely thrilling. The PPS and volume today bears that out as well.
Moreover, such a discussion must excite and incite the mega-supermajors at the table, those listening in, to avoid having to explain "the one that got away."
While I was listening to the CC this AM it seemed each new statement was laid on top of the foundation of all preceding, much like building a great brick edifice. Much of this came about in answer to analysts' questions, which were right at the core of what we would all like to know-- what, when and how much. Confidentiality blocks the absolute answers now obviously, but what Hession revealed is absolutely thrilling. The PPS and volume today bears that out as well.
Moreover, such a discussion must excite and incite the mega-supermajors at the table, those listening in, to avoid having to explain "the one that got away."