RUSH TRANSCRIPT Dagen Thank ░░░░░░░░ for the reporting Connell ░░░░░░░░ in lower Manhattan The ░░░░░░░░ travel season getting into ░░░░░░░░ gear Millions of Americans ░░░░░░░░ the roads taking to ░░░░░░░░ skies for Memorial Day ░░░░░░░░ end It s set ░░░░░░░░ be a record This ░░░░░░░░ as gas prices fast ░░░░░░░░ 3 a gallon at ░░░░░░░░ national mark Today a ░░░░░░░░ of regular will cost ░░░░░░░░ 2 96 Joining me ░░░░░░░░ is CEO of Esposito ░░░░░░░░ mark Esposito How much ░░░░░░░░ you see gas prices ░░░░░░░░ much higher will they ░░░░░░░░ mark Good morning It ░░░░░░░░ a pleasure to be ░░░░░░░░ I think in Dallas ░░░░░░░░ re already seeing much ░░░░░░░░ than 3 a gallon ░░░░░░░░ think oil s come ░░░░░░░░ 40 up to 70 ░░░░░░░░ I think you could ░░░░░░░░ 3 50 or 4 ░░░░░░░░ the next year It ░░░░░░░░ Kevin Kelly I was ░░░░░░░░ over your notes Good ░░░░░░░░ Kevin One of the ░░░░░░░░ aspects you believe reit ░░░░░░░░ are under valued right ░░░░░░░░ The performance hasn t ░░░░░░░░ there This a specific ░░░░░░░░ in the reit sector ░░░░░░░░ you like more than ░░░░░░░░ other I think reits ░░░░░░░░ a certain way are ░░░░░░░░ under appreciated at this ░░░░░░░░ The rmz the reit ░░░░░░░░ is down 6 for ░░░░░░░░ year When you look ░░░░░░░░ something like inds ETF ░░░░░░░░ is an industrial ETF ░░░░░░░░ s where Home Depot ░░░░░░░░ others have decided to ░░░░░░░░ their stock If you ░░░░░░░░ at Home Depot they ░░░░░░░░ to double their space ░░░░░░░░ the next five years ░░░░░░░░ the industrial spot and ░░░░░░░░ yeah I think reits ░░░░░░░░ definitely under valued The ░░░░░░░░ sector is under valued ░░░░░░░░ take out certain different ░░░░░░░░ in the sector I ░░░░░░░░ industrials are definitely the ░░░░░░░░ to be Lindsey bell ░░░░░░░░ I wanted to get ░░░░░░░░ to oil It is ░░░░░░░░ a timely topic given ░░░░░░░░ we re going into ░░░░░░░░ driving weekend Memorial Day ░░░░░░░░ you look at the ░░░░░░░░ space we saw Chevron ░░░░░░░░ Exxon they ve come ░░░░░░░░ off of their lows ░░░░░░░░ ve got oil around ░░░░░░░░ right here We re ░░░░░░░░ it on the screen ░░░░░░░░ barrel that s wti ░░░░░░░░ in the U S ░░░░░░░░ do you see oil ░░░░░░░░ going and can these ░░░░░░░░ continue to climb higher ░░░░░░░░ the energy sector and ░░░░░░░░ within energy what sub ░░░░░░░░ do you like It ░░░░░░░░ refiners Is it the ░░░░░░░░ Upstream I think the ░░░░░░░░ sector will do well ░░░░░░░░ the imo emission I ░░░░░░░░ that s going to ░░░░░░░░ oil go higher many ░░░░░░░░ think we could see ░░░░░░░░ on Brent in the ░░░░░░░░ year or two going ░░░░░░░░ June with OPEC I ░░░░░░░░ you could see some ░░░░░░░░ term trading patterns I ░░░░░░░░ long term oil s ░░░░░░░░ higher based on the ░░░░░░░░ Would it go higher ░░░░░░░░ s not enough oil ░░░░░░░░ s shortages Would it ░░░░░░░░ higher in the U ░░░░░░░░ Is there a possibility ░░░░░░░░ wti to cross Brent ░░░░░░░░ don t think that ░░░░░░░░ be the case I ░░░░░░░░ Brent will stay ahead ░░░░░░░░ definitely oil s come ░░░░░░░░ 40 to 70 as ░░░░░░░░ said and so technically ░░░░░░░░ a trading perspective it ░░░░░░░░ to go higher Dagen ░░░░░░░░ good to see you ░░░░░░░░ you for breaking it ░░░░░░░░ for us Take care ░░░░░░░░ a great weekend My ░░░░░░░░ Dagen Graduates at the ░░░░░░░░ S.