02-26-2013, 04:51 AM
I tend to agree with the school of thought that little will be revealed during the cc about the partnering process. 8:30am est is still February 28th in PNG and I am presuming that any bidders would have until midnight PNG time to submit their final bids. Also, if bids changed at the last minute, the IBers will still need time to review and make a recommendation to the BOD's. While I welcome good news, I will have no expectations other than the normal updates on earnings, drilling, etc and a probable update on EOY 2012 resource estimate (+1-2 Trillion). We'll hear how they will be meeting as previously disclosed and plan to make a decision in the next couple of weeks. I highly doubt any names of bidders will be revealed.
Of course, I am long so I have little expectation about this call but great anticipation of mid March. Now, if I was short, I might be a great deal more concerned.....3 trading days will go fast.
Of course, I am long so I have little expectation about this call but great anticipation of mid March. Now, if I was short, I might be a great deal more concerned.....3 trading days will go fast.