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It's interesting to me that Collin's name comes up time and again for confirmations etc and he is highly respected. I'd look to him as a likely candidate for the next CEO. He's an Aussie and has the following resume:
"Mr. Visaggio is a seasoned oil and gas executive who now has achieved 30 years experience in senior financial and business positions, within InterOil, Woodside Petroleum and BP Australia. His career has given him a broad spectrum of financial and business experience in Exploration and Production, Offshore Gas Production, Oil Refining, LNG and Domestic Gas. Mr. Visaggio spent most of his career at Woodside Petroleum from March 1988 to July 2005, with his most recent positions being Manager, Compliance and Business for the Africa Business Unit, Manager, Commercial and Planning for the Gas Business Unit. His responsibilities included the management of the business unit financial and business processes and implementing governance. Prior to this and during his 17 years with Woodside he was Deputy Chief Financial Officer and Financial Analysis and Planning Manager within Corporate Finance."
Can carry on with things very capably and would be highly accepted in general. I would love to see this happen, and I know others who would as well.
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I'm liking the trading pattern today. It seems like the shorts are trying to drag the stock down with their typical trading patterns but the stock is wanting to go higher
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Agree Tx, intra day obv is trending lower while stock is holding up well. I'm guessing shorts can't borrow, so sell calls, buy puts, transacting marketmaker has other side,, and delta hedges by selling common. obv tracks common. option premium disparities also hint of this. What the shorts haven't figure in yet, is that this stock is now attracting stealth buyers into the mix, frustrating the shorts. Stock trading sure acts like that, imo.
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Palm, good call. I've been thinking the same about Collin. Of course, that's if we need a CEO long term.
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04-27-2013, 04:45 AM
(This post was last modified: 04-27-2013, 04:46 AM by Getitrt2.)
I think Collin is a great CFO and industry executive and Company representative, but I think the CEO is likely to have more industry technical and management qualifications, as opposed to financial, resulting in a better combined team, not to say I think I have the best qualifications to make that decision.
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I am puzzled why we need a new CEO... LNG experience !?! Why - InterOil will not be running/operating the LNG plant !
Seismic knowledge !?!? InterOil pays experts for this type of "tea leaves reading".
Seems to me, the old setup we had would have worked fine -- just add another VP under Phil Mulacek to oversee "LNG Operations" which would be more of a coordination role between all the departments and engineering firms (Drilling, Pipeline Contruction, LNG Construction, LNG Operator Training/Staffing, Terminal/Facilities Construction, Electrical Generation/Distribution Infrastucture, etc.).
That being said, I don't begrudge Phil the chance to take a breather and do something else. This just seems to be a strange sequence of events. Unless of course, the winning bidder is taking such a large percentage ownership that they would like to nominate and 'volunteer' one of their young rising-star top executives to fill the CEO role. Hmmm..
