IOC Share Price 37

[cybersssss]

We are at prices from 2006.  I would say that at this point IOC has been one of the worst investments anyone has made if they invested 2006 or later.  I know many here still think that the "bigs" will not sell out for anything under 100.  I would disagree.

[CAC]

cybersssss

We are at prices from 2006.  I would say that at this point IOC has been one of the worst investments anyone has made if they invested 2006 or later.  I know many here still think that the "bigs" will not sell out for anything under 100.  I would disagree.

*****

Brutal...

[freddiekingman]

But....it's not their fault....

[Petrovale]

Stop whining guys...
I see a magnificent buying opportunity at my initial entry point of May 2009...

[ArtM72]

One answer to the problem could be to prohibit Hession from speaking at any investors conferences. I can't recall where his presentations have been met with anything other than more market losses. Maybe analysts see him and all they can think about is how well he pitched Browse.

[Stavros]

I hate it when whiners exaggerate.
The Share Price is $37.71
The NAV is a whopping $1.86 Billion
Shame on you.

NO ... I take that back
SHAME ON IOC

NOW ... let's think for a minute
OSH bought ~22% (gross) of PRL 15 for $900 Million
That means the remaining ~78% owned by IOC, before selling some to TOTAL (or whomever!!!), had a value of (78)/(22) X $900 million = $3.19 Billion

So it's quite strange that IOC's current NAV of $1.86 Billion is so much lower than the implied value of PRL 15 as underpinned by the OSH purchase from the IPI Group (never mind IOC has two other new Discoveries)

So now we should also say SHAME on Peter Botten for making a real stinker of a deal for OSH!

BUT ... Since I think that Peter Botten is a very shrewd fellow, and I think that OSH knows better than anyone what's going on in PNG, I can only conclude that ...

HUGE games are being played by the same forking crooks who have been fleecing IOC shareholders for all these years

SHAME ON THE SEC FOR ALLOWING THIS CRAP TO HAPPEN

Catch my drift???