05-02-2013, 11:11 PM
Its not the price per mcf that matters. Its the monetization that IOC shareholders participate in. Wall Street values and prices companies off future cash flows. All reservoir evaluations state IOC has enough NG for 8 mtpa. Even if IOC shareholders only end up with 30% of this project the stock is a double from here. There will be another monetization at Triceratops with higher prices per mcf and what's with 236/238???
All the guesses ignore the liquids and one can see 30,000 barrels a day of liquids with a company that owns a refinery.
Staying independent for even 1 more year would be great for IOC shareholders.
Why are some shorts buying calls and exercising them to cover????
All the guesses ignore the liquids and one can see 30,000 barrels a day of liquids with a company that owns a refinery.
Staying independent for even 1 more year would be great for IOC shareholders.
Why are some shorts buying calls and exercising them to cover????