02-21-2013, 11:31 PM
Tree- Does this explain why IOC has strong interest from Chevron and Total with Exxon needing IOC's costs to lower its own high cost project.Great to be IOC and selling a % of their project now or what? Oh where are prices of LNG in the spot market??? Above $21 all time high. Waiting has been the smart thing.to do. To those buying IOC long calls and betting with large options bets if you lost money who told you to buy long calls??? Not IOC the company. When asked the company stated buy common and wait. When asked I tell persons to give the stock to the grandkids. May be Chevron,Total ,Shell or Exxon stock but who cares. Let the kids sell some at their tax rate for college.
Put more on ice and wait.