Morgan Stanley research

[jft310]

today

[Palm]

Kind of a blah update. At least he says the gas is no longer "stranded".

"Discovered gasvnow has two outlets and is no longer “stranded” and we see limited priced in IOC for exploration, despite 3-5 wells in 2014."

What does he mean with "two outlets"?

[TxPm]

So MS is applying a roughly $7.50pps value to all licenses outside of PRL15 and no value to the possible LNG plant or early Cash flow and yet their base case PPS is still $90. This tells me we have no where to go but up

[trans]

Agree TX, If the stock closes higher today, it blows the top out of the bottom formation obv wise. This should mark the beginning of a new uptrend in IOC. Imo, by my reasoning it would appear an imminent upside move is in the cards, of course, after the short element tries to cap it. Also very important, this makes IOC legitimate to buy for new holders, with a cash stash, balance sheet good, and lots of potential. IMO, the most value in the energy area now and new sponsorship can now buy it.....trans

[trans]

In other words, the "bottom formation" should now be completed  TA wise with a higher close. This would start a new uptrend.

[Palm]

Good info Trans; thanks. Maybe it's time for IOC to become more of a "normal" stock and behave with more predictability. Maybe.