10-02-2012, 08:11 AM
One hedgie I talk to several times a week thinks if IOC can make it to the next GLJ report that the risk of being bought out drops quite a bit. He predicts a GLJ of 18 T's and 500 million barrels of condensates by then.With all the approvals and a jump for increased asset size the PPS per share after the 5 for 1 split and the new liquidity with more access points like Singapore will keep a buy out off the table. He thinks the best time to sell it all will be right before the LNG plants open. Think of all the drilling that will complete by then and think of that early condensate strategy with PRE. Or use EWC at Triceratops. Lots of ways this can go. And it will change for sure between now and then