11-16-2012, 08:56 AM
Interoil's market cap is not relevant to the management at this point except for ego and bragging rights. With pending sell downs, IOC should not need to sell a preferred or go to the equity markets. A buyout offer will bring the stock right up to fair market value, regardless of where it is today. I don't want them wasting time on people who make up stories, or twist the truth to their own good. As frustrating as it can be for management (and the shareholders), the best thing they can do is focus on moving the project forward and ignore all the voices around them. This is a complex project in a very complex political environment. I will never forget the advice I got when I was managing my first capital project in the oilfield. "They will never remember years after that you were late in delivering, or if you overran your budget. But, no one will let you forget if you screw it up and it doesn't work."
I am in this for the long haul. I want Phil, etal to lay a great foundation for growth to come. I can remember when IOC was in the 70's (cents that is) after Enron went bust. He stayed focused and got the refinery built. Sleep easy longs!
I am in this for the long haul. I want Phil, etal to lay a great foundation for growth to come. I can remember when IOC was in the 70's (cents that is) after Enron went bust. He stayed focused and got the refinery built. Sleep easy longs!