NYMEX Holdings, Inc. Q4 2007 Earnings Call Transcript

  • download
  • Print
  • Recommend
  • 0

2008-04-29 21:06:43.0

Tags: Nymex Holdings Inc.

Question-and-Answer Session

[Operator Instructions].Your first question will come from the line of Richard Repetto with Sandler O'Neill. Please proceed.

Richard Schaeffer - Chairman

Good morning Rich.

Richard Repetto - Sandler O'Neill & Partners L.P

Good morning Rich. First I want a sort of apply... you continue to focus on your fundamentals, so I think that's something that sort of has been obscured by I guess the attractiveness of you guys as an asset, as well.

Richard Schaeffer - Chairman

Thank you, Rich.

Richard Repetto - Sandler O'Neill & Partners L.P

I guess the first question which would be as you go forward, you are delivering almost to the key on the numbers, how and I know you can't say anything about the acquisition, but like, will there be any adjusted delay, any of the cost savings or any of the benefits from the efficiency plan that you laid out, because of the negotiations?

Richard Schaeffer - Chairman

No. If anything we will continue it, and even work to accelerate it. Our plan is working well our fundamentals is where we direct it. Of course, our business plan is good but our fundamental plan that we laid out to you is going to continue on pace or even accelerated.

Richard Repetto - Sandler O'Neill & Partners L.P

Great. And then next question, January of '07 was a very robust month, last year not this year, January of '07 was robust in regards to energy volumes and I know it's tough comp in regards to when you look at year-over-year volume comparison gain. But I guess I am just trying to get your outlook has been much more experienced than I about volumes of LNG, how do you think the volatility of oil and volumes, are you aware where you would expect to be as far as the volume growth outlook at the exchange.

Richard Schaeffer - Chairman

We like to be conservative Rich, but we can't help to be excited. We have done on average of 1.72 million for the month of January which is just way ahead, way ahead of where we would have expected to have been. So we see the volatility continue. We see new products coming in. Our plan for new products is extremely robust and working well and we can't help contain ourselves. We're really excited about the possibilities, starting January up for the 1.72 million is a very, very positive start to what we think will be a great New Year.

 

BNET TalkbackShare your ideas and expertise on this topic

Please add your comment:

  1. You are currently: a Guest |
  2.  

Basic HTML tags that work in comments are: bold (<b></b>), italic (<i></i>), underline (<u></u>), and hyperlink (<a href></a)

advertisement
advertisement
  • Click Here
  • Click Here
  • Click Here
advertisement
Click Here