Lets state the facts.
Exxon has to be involved in some way, they need the dry NG.
Mitsui is FID ready with a CSP
That means cash flow is 2 years away not 4-5 years.
The stock market values stock off future cash flows. The value of the deal is worth more with IOC cash flows in two years because we have fewer years to wait.
The price per mcf is not the driver. The deal for future cash flows is what matters.
A new CEO with LNG experience brings credibility to IOC
A partnership with a Super Major adds credibility to IOC
The shorts are not positioned for the news and they will have to cover at leat partially their position. They know IOC will move upwards to far as the shorts cover. My math
which will be reinforced with at least 3 new Wall Street reports as all three IBers pick up stock coverage shows IOC will be worth at least $200 a share . With the shorts and
their predictament they have put themslves in could easily drive IOC to $300 a share.. Read the research reports carefully and understand how big this LNG really is and IOC
has wet NG. Add in the wet NG to your work.
The FID announcement might be more important than the deal annoucement. The stock split will help as will the Singapore listing. All to happen shortly after the deal
annoucement.
Key read the the thick research reports and don't listen to the yahoo fools.