(02-26-2013, 03:36 AM)efi426hemi Wrote:I know that everyone is filled with anticipation of news of the selldown, however if memory serves, IOC has never announced news on a CC. So I wouldn't expect to hear too many details about the selldown during the call. The board still needs to meet to make a selection, so unless they have met early without anyone knowing, I am still thinking we don't hear anything until late next week or early the week of Mar 11th.
With that all being said, it would sure be nice to hear about the names of the final bidders.
Keep it on Ice!Hemi
HemiHefi,
I agree that in the past we seldom/never get real news on earnings CC day. But we have had a couple of times where important news has come the day after; most recently Q3 2012 earnings CC was on Nov 15th 2012 and on the 16th they announced that the PNG Government had approved the Gulf LNG project. This time could be quite similar in that the company announced back in January that Feb 28th is the deadline for SD bids. So they very well could do the earnings CC Thursday and state that more info is forthcoming on the bids and bid process, then on Friday state absolute facts as to how many bids had been received by EOD Thursday, the types, the number of bids, etc and the timing for review and the BOD meeting date at which the decision would be made. The zebra is getting nervous about what and who might be sneaking up.