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+--- Thread: Quick and dirty or Long and steady... (/showthread.php?tid=4070)
Quick and dirty or Long and steady... - ebster123 - 07-02-2013
Palm brought up an interesting comment:
"RE: Detail of AGM voting results
Protection is always a good idea in relationships.
Could be the "No" votes want a quick and dirty buyout."
Are you interested in a "Quick and dirty buyout" or "Long and steady appreciation" if the buyout price was > or = to $250 pps.
RE: Quick and dirty or Long and steady... - admin - 07-02-2013
I don't think a buy-out at this moment would come anywhere near $250, to be honest. Give me the long and steady. Besides, what's it without the fun of all the upcoming drilling reports and Pet's analyses of these?
RE: Quick and dirty or Long and steady... - ebster123 - 07-02-2013
STP, with all due respect, what it is is cold hard cash/stock. If someone wants to give $250 pps this month vs. $400 in 3-4 years I would take the former. Who knows what the future brings. That being said, if it does not happy I am here for the long term payout.
RE: Quick and dirty or Long and steady... - admin - 07-02-2013
Can't imagine a $250 buy-out at the moment. In time, with a good Exxon deal and some new drilling successes (leading to new large discoveries or dramatically higher Triceratops estimate) it might happen, but not now, IMHO.
RE: Quick and dirty or Long and steady... - ebster123 - 07-02-2013
'admin' pid='25194' dateline='<a href="tel:1372713 Wrote:Can't imagine a $250 buy-out at the moment. In time, with a good Exxon deal and some new drilling successes (leading to new large discoveries or dramatically higher Triceratops estimate) it might happen, but not now, IMHO.
If it could shoot to over $100 pps with XOM deal chatter I could see a shoot up to $250 + if there is a bidding was for the assets (ie. Cove Energy)....time will tell
RE: Quick and dirty or Long and steady... - Movieguy - 07-02-2013
I think the FIRST buyout bid would be nowhere near $250, but I think the eventual buyout price would be at around fair value. Other suitors would not allow another company to get a great bargain. So what is fair value now or in the near future? Many have posted on SHU that after the Exxon deal Interoil will be worth a number like $250. It has also been mentioned that Collin said there is already an offer at $250. So why such pessimism, STP?
RE: Quick and dirty or Long and steady... - ArtM72 - 07-02-2013
I see a number of people throwing in the towel. Figure out what IOC's share of 4.8Ts of gas is at the MINIMUM price of $1.5/mcf. There's your $250. Give away the rest of the company's assets for nothing? Are you crazy?????
The sale of the company should not begin to be considered at less than $400/shr.
Yeah, I'm a little tired too. And I don't have the pressure of time, thank heavens. But selling the company for less than $400/sh today is simply nonsense. That is, unless you have another Interoil waiting in the wings.
RE: Quick and dirty or Long and steady... - ebster123 - 07-02-2013
I have stated several times I believe the company has a fair chance of selling all (once the CAs are done) in the $350 + range. However, if at the end of a bidding "war" the price is what it is I would say be done.
RE: Quick and dirty or Long and steady... - admin - 07-02-2013
I'm not throwing any towel and I haven't said that ultimately a buy-out offer could not reach $250. I merely said that I can't see that happening now and I don't want it.
RE: Quick and dirty or Long and steady... - johnwgrant - 07-02-2013
'ArtM72' pid='25200' datel Wrote:I see a number of people throwing in the towel. Figure out what IOC's share of 4.8Ts of gas is at the MINIMUM price of $1.5/mcf. There's your $250. Give away the rest of the company's assets for nothing? Are you crazy????? The sale of the company should not begin to be considered at less than $400/shr. Yeah, I'm a little tired too. And I don't have the pressure of time, thank heavens. But selling the company for less than $400/sh today is simply nonsense. That is, unless you have another Interoil waiting in the wings.
So, the company is worth $250 right now - but trades sub $70 right now. 
Cut it in half. Say the company is worth $125 today. Can anyone explain how we cannot hold $70/share ? Because I can't !!!! As my father-in-law would say: "it feels like I've been beaten like a rented mule !"