SA - Positive this am

[davidhmtk]

Bodes well for the next month as investors get more comfortable with a deal coming

http://seekingalpha.com/instablog/374163...al-chapter

[jft310]

InterOil: The Final Chapter 0 comments

Jan 28, 2013 5:52 AM | about stocks: IOC

InterOil (IOC) announced last week that the "final binding bid solicitation period for the partnering process currently being undertaken will close on February 28", uncharacteristically transparent guidance for the company. Though the market construed the release positively, the implications could be much more significant than investors are contemplating for the following reasons:

1. InterOil must have considerable clarity and optimism on the outcome of the bidding process, as its latest release leaves little room for a deferral of the sell-down. InterOil has always been vilified for its vague commentary, unwillingness to provide specific targets, and excuses for pushing out timelines. The specificity of last week's press release implies that InterOil strongly believes it will be able to report the selection of an accretive binding bid in the first half of March. After prolonged discussions with many prospective partners, their continued involvement in the bidding process bodes very well for InterOil shareholders. As CEO Phil Mulacek indicated, "The interest demonstrated by major oil, national oil and global utility companies remains strong, and bodes well for the conclusion of our sell down of interest in the Elk and Antelope fields and partnering in the Gulf LNG Project".

2. The bids that are due prior to February 28 are binding, and hence InterOil's selection of the winning bid will be the final substantive step required for closure. Though the company previously acknowledged that it had received bids for its Project, there was no indication that these bids were binding; hence unlike the bids that are due by February 28, the previous bids may have been subject to further negotiation, resulting in a prolonged deal process. InterOil's three investment banks would not have furnished prospective partners with a firm date by which binding bids must be submitted unless they were certain that the interest would support a positive outcome. [Read on here]

[ArtM72]

Pretty amazing analysis. "... it will take a miracle for the short thesis not to be obliterated in the coming weeks". I guess that's kinda what Pet said the other day when he considered the question whether "we" were smart and the super majors were as well. Que sera sera.

[Tree]

The only thing missing are footnoted to SHU!

[freddiekingman]

at this moment, it doesn't look as if any longs are in CONTROL....

[jft310]

Longs need the March 3rd news until then it's hard to know

[cybersssss]

No Volume...Easy to swing up or down.  Shorts are in control until we get big buyers in. Big up days have been with big volume.  Thats what matters now.  The day is stil young.

I added some more shares today. This is a big opportunity if you believe in this....

[TxPm]

Also the SA piece is receiving very little publicity...not showing up on Yahoo or anywhere else as "news"....another day of very low volume