Posts: 8,568
Threads: 1,342
Joined: Dec 2011
Reputation:
380
Last year we heard about the GLJ report mid Feb, this year its due and the 28th looks like the day.Should be a nice bump up. Like others I think we get the number of bidders by type that submitted bids, maybe the names but that would be a surprise and maybe some comment about the level of the bids but that also would surprise me. More likely they clear up the requirement for the earnings and we get a calender for bid evaluation and selection. WA speaks on March 6th at RJ and I expect he will add some color to the bidding news line. The most important thing its happening and will have an end. Some say the selection of the final bidder for the buyin will propel the losers to make a run at the entire company. We can call that a nonconforming bid. This week looks good for IOC.
Posts: 359
Threads: 50
Joined: Sep 2012
Reputation:
131
I tend to agree with the school of thought that little will be revealed during the cc about the partnering process. 8:30am est is still February 28th in PNG and I am presuming that any bidders would have until midnight PNG time to submit their final bids. Also, if bids changed at the last minute, the IBers will still need time to review and make a recommendation to the BOD's. While I welcome good news, I will have no expectations other than the normal updates on earnings, drilling, etc and a probable update on EOY 2012 resource estimate (+1-2 Trillion). We'll hear how they will be meeting as previously disclosed and plan to make a decision in the next couple of weeks. I highly doubt any names of bidders will be revealed.
Of course, I am long so I have little expectation about this call but great anticipation of mid March. Now, if I was short, I might be a great deal more concerned.....3 trading days will go fast.
Posts: 840
Threads: 40
Joined: Dec 2011
Reputation:
181
Itinvest, maybe you should check again. I show 16 hrs time difference, that would put 8:30 am 27th in NY equal to 12:30 28th in PNG. Curious.....
Posts: 840
Threads: 40
Joined: Dec 2011
Reputation:
181
Make that 30 min a.m. into the 28th in png, is this correct?
Posts: 840
Threads: 40
Joined: Dec 2011
Reputation:
181
maybe on the third post i can get it right, but i doubt it.....move ahead one day....2/28 to 3/1
Posts: 8,568
Threads: 1,342
Joined: Dec 2011
Reputation:
380
I think all the questions at the end will be about the bids. That should be obvious I would think. What they say is not so obvious as answers to those questions.
)