02-17-2013, 10:40 PM
Relker -Curious why do care about the losing bidders bid prices???When the Confidentiality Agreements expire is when things heat up I have been told. What will the losers do??There will be a window whereby IOC will be in play.If Doublebagger is right and two of the non conforming bids are super majors to buy all of IOC then we will become another Cove Energy. We wait. Or the final outcome might take awhile but as with Cove Energy we will receive updates along the way. With Cove we knew who the bidder selected was and the total price they were wiling to pay in an announcement from the Cove Board. Then we got another higher bid and that happened several times as the Cove Energy price rose 4 fold in total. There is no reason to think the IOC situation will be different. Will the price rise high enough to entice the large shareholders to sell it all??What is that price??
One friend stated don't sell any IOC before $200 a share or I would be helping the shorts. Food for thought.
One friend stated don't sell any IOC before $200 a share or I would be helping the shorts. Food for thought.