'admin' pid='10566' datel Wrote:Yes, the odds seem very favourable, especially now we know Triceratops is another whopper. And see that calculation in another thread here, even at $1/mcf for a 25% stake would be $2.8B with IOC's financing needs for its stake in the plant at less than $1B..
I think $2B or so could fund a rather large reefal hunting party, although we also have to drill a few appraisal wells, of course.
It's difficult to see much, if any downside from here, really.
Whoa.
The stock will sell for a price determined by traders in the short-term and backed up by longer-term investors.
Hopefully, some investors will always be ready to step in, because we know from past painful experience what traders (incl. option players and the hated shorts) can do when left alone to do their thing.
It has been stated before by others that there are investors waiting on the sidelines with gobs of cash just waiting for some confirmations of NEC approval, SD, SMs, etc.
Nothing has changed in the stock price support situation -- YET.
We still need actions, not words -- hopefully soon.
Otherwise, the stock price will continue to be jerked around.
VS