02-02-2013, 11:23 PM
Heres the facts:
-The shorts are trapped , they can not cover without spiking the PPS. Listen to Pavel he would know would better than most.There is a major new buyer of IOC stock hiding as they buy.
-Why are the largest holders of IOC stock adding??See the recent fund filings. Think they know more ???
-Talk of bids around a $1 is OLD information BEFORE the new PA Nov 15, 2012. Today IOC has at least one SM all over them. The bids are way up and above the $2.20 Exxon price with OSH. Amazing what A-3 has done to the bids and a new PNG govt and well just O'Neil.I don't know the exact bids but they will surprise Bert and what the shorts think is going on.Not to say Bert is in with the short but he posts the short arguement to longs and this then creates doubt for some longs.
-The shorts source with the DPE doesn't pass info anymore. So the shorts are stuck with old info.See the talk of 2017-2018 LNG production(without early monetization), bad mouthing of modular which Exxon used on PNG and talk of $1 per mcf. These are the shorts arguements but they are living in the past.
-IOC has an early monetization scheme. IOC will receive cash flow well before 2017. IOC has spoken about several different early monetization plays and the SM will decide which ones to employ and when.
-IOC is selling down the entire E/A resource not just Train 1. More short nonsense.
-For those unsure about the PPS you have four things to look at, 1)The Exxon sell down mcf price and understand IOC is less than 1/2 the project cost of PNGLNG ,2)The Mitsui option contract for E/A buy in price signed by IOC and Mitsui. A contract price.Thats 2.5% of E/A for $500 million that puts a $22 Billion imputed price on E/A. 3)The PRE price per mcf paid in a signed contrat at $2.85 per mcf in todays dollars .4) The Murebeni price of $3 per mcf. These are the relevant MCF prices for IOC .
-The reality is the BIGS have been using the weakness to buy more from weak longs that listen to old short information and see a weak PPS share and fear and then sell some.Hint the BIGS are buying your shares from you cheap.
Conclusion use the weakness to add to IOC and wait till March and the POP the cork!!
-The shorts are trapped , they can not cover without spiking the PPS. Listen to Pavel he would know would better than most.There is a major new buyer of IOC stock hiding as they buy.
-Why are the largest holders of IOC stock adding??See the recent fund filings. Think they know more ???
-Talk of bids around a $1 is OLD information BEFORE the new PA Nov 15, 2012. Today IOC has at least one SM all over them. The bids are way up and above the $2.20 Exxon price with OSH. Amazing what A-3 has done to the bids and a new PNG govt and well just O'Neil.I don't know the exact bids but they will surprise Bert and what the shorts think is going on.Not to say Bert is in with the short but he posts the short arguement to longs and this then creates doubt for some longs.
-The shorts source with the DPE doesn't pass info anymore. So the shorts are stuck with old info.See the talk of 2017-2018 LNG production(without early monetization), bad mouthing of modular which Exxon used on PNG and talk of $1 per mcf. These are the shorts arguements but they are living in the past.
-IOC has an early monetization scheme. IOC will receive cash flow well before 2017. IOC has spoken about several different early monetization plays and the SM will decide which ones to employ and when.
-IOC is selling down the entire E/A resource not just Train 1. More short nonsense.
-For those unsure about the PPS you have four things to look at, 1)The Exxon sell down mcf price and understand IOC is less than 1/2 the project cost of PNGLNG ,2)The Mitsui option contract for E/A buy in price signed by IOC and Mitsui. A contract price.Thats 2.5% of E/A for $500 million that puts a $22 Billion imputed price on E/A. 3)The PRE price per mcf paid in a signed contrat at $2.85 per mcf in todays dollars .4) The Murebeni price of $3 per mcf. These are the relevant MCF prices for IOC .
-The reality is the BIGS have been using the weakness to buy more from weak longs that listen to old short information and see a weak PPS share and fear and then sell some.Hint the BIGS are buying your shares from you cheap.
Conclusion use the weakness to add to IOC and wait till March and the POP the cork!!