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+--- Thread: Its said train 3 and 4 done see post below (/showthread.php?tid=4224)
Its said train 3 and 4 done see post below - jft310 - 07-23-2013
RE: Its said train 3 and 4 done see post below - Spartina - 07-23-2013
Reason for pps??
RE: Its said train 3 and 4 done see post below - jft310 - 07-23-2013
METI-Is Ministry of Economy and Trade in JP(Japan)
RE: Its said train 3 and 4 done see post below - jft310 - 07-23-2013
I think the stock spiked on Exxon comments at an investor meeting today at Society General.I can't post. Exxon mgt stated clearly PNG is their most exciting opportunity ,add in IOC getting signed two trains from Exxon per this inciderr rumor and we are running. If Collin's V's comments from the AGM are true then and this Exxon deal is worthy $200 a share for IOC. Then IOC will trade at $250 at share post deal maybe end of year.
Since the stated objective is to split the stock so we have a $20 handle then we could see a 10 for one split. The dream matures.
RE: Its said train 3 and 4 done see post below - jft310 - 07-23-2013
EM means Exxon Mobil to provide drilling rigs
RE: Its said train 3 and 4 done see post below - jft310 - 07-24-2013
This is interesting to me. Exxon earnings are Aug 1st and IOC Aug 12th. Both involve BOD meetings. If Inciderr is correct then the Boards have their chance to approve of the deal. Do we announce with PNG approval or subject to PNG approval???
RE: Its said train 3 and 4 done see post below - Tree - 07-24-2013
Would seem BoDs can electronically meet to approve a pre-approved term sheet deal put to paper.
METI mention is no surprise. METI has been recently pressing US DOE for LNG approvals and METI can be expected to be involved in PNG LNG and Gulf LNG as well. JP needs LNG. They want economical LNG. They are more likely to take large equity stakes in PNG projects. Which utility or trading house 'units' are in our deal?
RE: Its said train 3 and 4 done see post below - cybersssss - 07-24-2013
JFT:
To my understanding the IOC board can convene at anytime. I do not think the timing of the board meeting with regards to IOC would make a difference. Not sure with regards to XOM. Also, this is a big deal. If the major points are agreed to then the deal will be pretty much done as approved before. Its just legal language etc that the board will likely rely on their counsel to delineate.
Let's get it done.
RE: Its said train 3 and 4 done see post below - Movieguy - 07-24-2013
Jft. according to WA from a week or so ago, a deal announcement will occur prior to official PNG approval. They will not wait to announce, and the PNG approval will be a separate announcement.
RE: Its said train 3 and 4 done see post below - Palm - 07-25-2013
'Movieguy' pid='26153' datel Wrote:Jft. according to WA from a week or so ago, a deal announcement will occur prior to official PNG approval. They will not wait to announce, and the PNG approval will be a separate announcement.
If that's the case, then we may be seeing that belief being played out by hedgies lining up shares to short but hedging their bets. If the deal is announced pending government approval, then we may well see a big pop followed by some big shorting based on fact there's no government approval yet. In long run it shouldn't matter if deals are what we think they will be.