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A clever game. On Tuesday Hession confirms exclusivity in answer to a question about it based on the lack of "exclusivity" in IOC's quarterly info. And that exclusivity ends 2 days later?
The "industry source" (could be the janitor from DPE) knows XOM will not comment and IOC must scramble to get permission from XOM to comment. Clever game.
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IOC does not need to get permission to comment that negotiations are still exclusive. The CEO said that exact comment on the Q+A call on Tuesday. So they CAN comment on this.
JFT who did you speak to that said that?
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"My bet -
The 'industry source', is incorrect -or- we get SPA announcement for 4.6Ts which were the focus of the exclusivity on Monday. "
FWIW I agree with your assessment Tree. One or the other in my view as well.
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Agree if they are in such a strong position then they can comment...stock down 6 Premarket. Would appreciate a comment.
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JFT-thanks, if IOC position is that of no comment then I believe that means it is true. Exclusivity has expired...and perhaps its good news but perhaps not. Never a dull moment
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Down 12. IOC must comment. They have to do more to set the record and keep a consistent message.
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"Yet an InterOil spokesperson said negotiations between Exxon and InterOil were ongoing," quote Blair Price.
