01-28-2013, 12:17 AM
Let's look back at where IOC has been without a Super Major and without a deal and with confusion over the PNG DMO %. What happens with clarity??Or what I am saying is all the IOC price prints looking back will look dirt cheap when we get the clarity.Trying to predict human behavior before that certainty is shall we say HARD. I would guess a slow gradual drift up. The best result for a long would be for someone to put a lid on the stock price. A lid requires selling into the strength of the PPS by shorting or selling calls.That's BULLISH for an IOC long on March 3rd and after as the boys and girls cover that will take months for IOC to rise to where it will eventually end. IOC is stupid cheap.May get stupid expensive in a short squeeze.Look at Cove Energy with just one Super Major bidding with IOC we have JKM who must have a slice of this asset and 3-4 majors bidding. We go higher in time.