'johnwgrant' pid='16613' datel Wrote:Petrengr1: I love your analysis. What I don't understand is this: we as shareholders can see InterOil's value so clearly. What is wrong with the rest of the market? Are we really 'smart', or, are they 'stupid'/not-paying-attention? Is IOC the $100 bill on the sidewalk in New York that the Wall Street investment broker won't bend down to pick up because: "If it was really a $100 bill, someone else would have already picked it up!" . . .

On the same note, what is Apple worth on a /share basis today?  IOC like Apple has intangibles which are hard to value on a day-to-day basis.  Actual value is what someone would buy them out for today.  That's a big moving target.

'johnwgrant' pid='16613' datel Wrote:Petrengr1: I love your analysis. What I don't understand is this: we as shareholders can see InterOil's value so clearly. What is wrong with the rest of the market? Are we really 'smart', or, are they 'stupid'/not-paying-attention? Is IOC the $100 bill on the sidewalk in New York that the Wall Street investment broker won't bend down to pick up because: "If it was really a $100 bill, someone else would have already picked it up!" . . .

John- We are definitely swimming against the current here. Probably 99+% of the investors in the market would not consider investing in PNG. Very few people have looked at or evaluated IOC. If you tell your friends where you are investing your money they will say: You are investing in WHAT? You are investing WHERE? I hope we are the smart ones. I would not say others are stupid but there is a very good chance they are not paying attention or they are not willing to risk their money in a place like PNG.

The Super-Majors also have to be convinced that PNG has changed. As you know some of them have been in PNG before. The Chairman of one of the Super Majors that has left PNG once told me “PNG is a very hard place to do business”. They will have to convince themselves that the IOC licenses are better than what they had before because of: 1. The discoveries, 2. The location near the coast 3. Difference in the local landowners-numbers and character 4. Different (hopefully improved) Government 5. Lower Development cost 6. The abundance of other prospects 7. The apparent new onshore carbonate reef trend where it was not previously expected.

We should find out in the near future if we are smart and if the Super-Majors are as smart as we are.

'johnwgrant' pid='16611' datel Wrote:BTW, the lever/option a Super-Major has is they can offer part of their purchase price in Company Stock... As some have mentioned before: They would take 3 shares of CVX stock for 2 shares of IOC... There are tax advantages too for us shareholders: in a stock swap, we can elect to defer the capital gains by not selling the stock received until a future tax year....

John-- I had suggested that a week or two ago, but someone on the mb replied that they would take that only if it was accompanied with 400 dollars in cash . I wanted to tell them  that the SMs didn't get to be SMs by paying full value for the assets they purchased, but I never got around to it. Maybe the poster has re-thought  the situation. A 3.5 percent regular dividend ain't bad in today's world.  GL to us.

'davidhmtk' pid='16609' datel Wrote:

[quote='oilmd9' pid='16593' dateline='1359139408'] Anyone know Carl Icahn? We could tell him Ackman is short IOC.

That was a good show.  If Ackman were short, I could probably get something in front of Icahn, I know someone who is close to him.

[/qu

It was entertaining television.  Unfortunately I am unaware of any Ackman short position in IOC.  Maybe we could have your friend give Mr Icahn a 1-2 page letter describing why IOC is a ripe candidate for a short squeeze .  If there was a cover page reading   " A suggestion from a few investors who believe Bill Ackman is a weezle" , he might even read it.   If he invests in Cheasepeake and Transocean,  he probably knows a lot about oil and gas stocks

"Yes I posted again,"

Bert,

I think the real question is: If you storm out again will the stock go up another five bucks?

Just kidding, welcome back.

(01-26-2013, 10:00 AM)bertl05 Wrote: Very true, SM's didn't get to be SM's by paying full value. Don't be upset when the SD is not a $4. PNG is the rabbit hole to bigs. SM's dont usually pay alot to go out on a limb..............so I'm told.

Yes I posted again,

'sfiaes' pid='16640' datel Wrote:

"Yes I posted again,"

Bert,

I think the real question is: If you storm out again will the stock go up another five bucks?

Just kidding, welcome back.

Thank you. I appologize for my sophmoric rant

If I thought another 5$ was all there was , I wouldnt be i IOC. All my points, simply are meant to illustrate an accurate picture of

cerrtain events. Its my interpretation based on non insider conversations with experts in the Asian O&G arena. I don't intend to villify IOC.

I hope we get he pop. Most likely deeper than you.

Time to bring home the bacon.

.In anycase, thanks for the humour.

Bert

'oilmd9' pid='16634' datel Wrote:

'davidhmtk' pid='16609' datel Wrote:

[quote='oilmd9' pid='16593' dateline='1359139408'] Anyone know Carl Icahn? We could tell him Ackman is short IOC.

That was a good show.  If Ackman were short, I could probably get something in front of Icahn, I know someone who is close to him.

[/qu

It was entertaining television.  Unfortunately I am unaware of any Ackman short position in IOC.  Maybe we could have your friend give Mr Icahn a 1-2 page letter describing why IOC is a ripe candidate for a short squeeze .  If there was a cover page reading   " A suggestion from a few investors who believe Bill Ackman is a weezle" , he might even read it.   If he invests in Cheasepeake and Transocean,  he probably knows a lot about oil and gas stocks

If someone puts together an attention-getting package, I'll deliver it.  Anyone know or can ask  Calio or WA who the MS IB is in NY?  Use private messaging.  Welcome back Bert.