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+--- Thread: Teck, InterOil Speculated Deal Met With Skepticism by Analysts (/showthread.php?tid=6023)
Teck, InterOil Speculated Deal Met With Skepticism by Analysts - Gator - 02-22-2014
By Arie Shapira
Feb. 21 (Bloomberg) -- Analysts tell Bloomberg First Word
they are skeptical on Daily Mail report of Teck Resources $85-
shr cash offer for InterOil (implies 54% premium to yday close).
* IOC up 3.4% pre-mkt, had traded up as much as 6.1%; short
interest 16% of float, according to Markit
* Raymond James’s Pavel Molchanov: Questions whether TCK would
be most logical buyer fundamentally given diversified focus;
Daily Mail has “decidedly mixed, tabloid-lite reputation,”
all such speculation needs to be “taken with a grain of
salt”
* Rates IOC outperform, PT $100
* Bernstein’s Ignace Proot: “Generally skeptical” on
speculation, would be surprised if TCK changes perspective
from bringing mining expertise to oil sands projects vs
IOC’s focus on pure drilling; says IOC’s area of activity is
remote, in more risky areas, “which TCK tries to avoid”
* Rates TCK market perform
* Clarkson Capital’s Jeremy Sussman: TCK is acquisitive given
large cash balance; notes co. has been linked to NA/SA
copper, iron ore assets in the past, “which fits more
naturally than IOC”
* Rates TCK market perform
* NOTE: TCK presents at BMO Global Metals & Mining Conf. Feb.
25
RE: Teck, InterOil Speculated Deal Met With Skepticism by Analysts - Palm - 02-22-2014
Agree with this. It really makes little sense. Not saying 100% it can't be, but if there was anything credible to it, we would be up way more than a couple of bucks today. I would guess phones have been off the hook and per this story it appears no one is coming up with anything.
RE: Teck, InterOil Speculated Deal Met With Skepticism by Analysts - trans - 02-22-2014
watch what they do, not what they say......
RE: Teck, InterOil Speculated Deal Met With Skepticism by Analysts - trans - 02-22-2014
intra day obv at the high of hte day, Someone has been buying almost all day.
RE: Teck, InterOil Speculated Deal Met With Skepticism by Analysts - Petrovale - 03-25-2014
TCK or TEMASEK ???
http://dev.postcourier.com.pg/busineess/#.UzBRxfldWtI
Micah welcomes Pavilion Energy to invest in PNG
MINISTER for Public Enterprises and State Investments Minister Ben Micah has welcomed into Papua New Guinea Singapore’s multi billion kina State subsidiary company Pavilion Energy.
Pavilion Energy is a subsidiary of TEMASEK, the Sovereign Wealth Fund of the Republic of Singapore and recently purchased a 20 per cent interest in the Tanzania Gas Blocks for US$1.288 billion.
The company is considering to invest huge sums into the PNG gas projects.
According to a statement from the Ministry of Public Enterprises and State Investments, Mr Micah met with the company’s Group chief executive officer Seah Moon Ming and other executives.
He had during the occasion formally welcomed Pavilion Energy to invest in the country especially in the Oil and gas sector.
Mr Micah said there is a lot of room for investors like Pavilion Energy and had invited the company to invest in the Upstream, Midstream and Downstream of the gas development.
Further to also work together with the PNG State company, the National Petroleum and Gas Company , NPCP.
He said the Government now wants to be actively involved in participation in the development of resources and want to own part of the business and is seeking to work in partnership with such companies as Pavilion Energy
Mr Micah said the company is a classic example of what PNG can achieve if it properly manages its funds coming in from its gas resources and proper management of State owned Enterprises.