InterOil’s share price collapse from the mid twenties to ten was, although bad in itself, not worse than most other small energy companies with a need for funding, and the whole market was terrible in these few weeks. However, there seem to have been special forces at work.
Entries from October 2008
InterOil Daily Distortions no.24
October 31st, 2008 · 1 Comment
Tags: Daily Distortions
A come-uppance of sorts. The mother of all short squeezes
October 31st, 2008 · No Comments
The tables are turned, for once. Could be the mother of all short-squeezes. The crying wolf of the victims is especially noteworthy. Shorting, by legal or illegal means, can really create havoc on companies, some examples:
AIG (according to Jim Cramer)
Morgan Stanley (according to Mark Mitchell)
STT (according to Jim Cramer)
InterOil (figures from Buyins.net)
Washington Mutual (according to […]
Tags: Short Selling
Petronet sniffing around PNG LNG projects in earnest
October 31st, 2008 · 2 Comments
When discussing possible partners for InterOil’s LNG project, we invariably thought of Korea and Japan (the regio’s big LNG importers), sometimes China (for its rapidly growing energy needs and pollution problem), but there is a new kid on the block. We already mentioned it, here some more.
Tags: IOC
Tee off with Tiger..
October 30th, 2008 · No Comments
A virtual one, that is, because virtual golf is the next big thing. Apart from that, the company behind it seems to offer an interesting opportunity.
Tags: Fun and Games
Just as you thought you could relax a bit, there he is again..
October 30th, 2008 · No Comments
Dr. Doom, aka Noriel Roubini. Unfortunately, he speaks with some authority, as he predicted all this mess years ago. He’s become a bit too gloomy, we think. Lessons from the deflationary period in Japan, on which Bernanke (Fed chairman) is a leading expert, do provide some weapons to fight the mechanisms that are described by […]
Tags: Credit Crisis · DRYS
Solar still very much in it
October 30th, 2008 · No Comments
Despite the absolute slaughter in the solar sector, those in the know remain fairly optimistic, and companies keep posting stellar result and confirming a good outlook.
Tags: Solar sector
ALG sells stake in PNG energy project for record price
October 30th, 2008 · No Comments
This is setting new benchmarks for valuation in energy (especially LNG projects) in PNG and shows that despite the dim market conditions (to say the least), PNG’s LNG projects generate very good buyer interest and prices.
Tags: IOC
InterOil announces PNG government participation
October 30th, 2008 · 1 Comment
Apparently, negotiations do not have to be that long, there seems to be a preliminary understanding and commitment of funds dependent on certain conditions to be met this month by Petromin, the PNG state entity for participating in resource projects.
Tags: IOC
Protected: Some InterOil rumors
October 29th, 2008 · Enter your password to view comments
There is no excerpt because this is a protected post.
Tags: Rumors
Interesting idea on saving people’s homes
October 29th, 2008 · No Comments
A clever idea that shares the losses and the spoils for those responsible for the housing mess, and helps in keeping family in their houses and props up the market. What more can one ask for?
Tags: Credit Crisis