EMTV reports XOM and IOC partnership

[admin]

I would think this would pop thee pps past 100 for good on Monday.

Or maybe we'll fall below 80 and stay there a while, lol. (I am really hoping that I just made a joke, but given Friday's action, who knows.)

The joke has become reality.

For about 3 minutes..

In the greater scheme of things, on all counts, with an Exxon deal in the works:

• Reduced uncertainty because of deal
• Monetization of assets
• Increase in resource base as a result of appraisal and exploration

have we moved forward significantly, so these price swings, which are an unfortunate characteristic of IOC trading largely due to the large short account, will not mean a whole lot, the long term trend is up and intact. Short-term swings is the terrain of traders and option players, very amusing and can be very profitable, but it's a different ball game and has little to do with the bigger picture..

As long as the longer-term picture is intact, the most stupid thing you can do is sell during these swings, or place yourself in a position in which you're forced to sell.

Do any of our big shareholders do this? I don't think so..

[TxPm]

Ill be interested to see if Paulson or Chandler were buying these last few days. I would fully expect Chandler to be buying at these levels

[admin]

Ill be interested to see if Paulson or Chandler were buying these last few days. I would fully expect Chandler to be buying at these levels

He bought in the $90s, what more do we want to know?