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Sageo, seems LNG is the new trade (obviously). Interesting that Buffet and the market are very interested in XOM. My guess, they see the value of IOC and if it were not for the sorts who are screwed we would be much higher. My guess, unless there is a takeover, there will be a full court press to push the pps down in a market correction to cover at the best possible price before the rise. My guess, a stop loss order even $20 below a given pps is a risky coverage. Time will tell...
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Gator, did you ever find out what telson said?
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iluvioc on yahoo under this article posted this below
Perhaps this announcement clears some of the fog for many who don't have the ability to think a few moves a head. The PNG Govt wants to be a participant and not be on the side lines while it's resources are being developed. They want a bigger piece of the action and not just be abused by the SM s who have done so in the past. How are they going to do this? IOC is how. The PNG Govt will have a stake in the revenue stream not just be paid royalties. This is great for IOC as they are the PNGs partner in all of this. This news reinforces the magnitude of the deal that IOC is involved . Now kids we are just about there.SO SHUT THE FVCK UP