05-29-2013, 08:07 AM
So you think IOC (and the LNG govt) will agree to sell xom 4-5 Tcf at a price to be determined in the future. I think that's highly unlikely given the competitive nature of the bidding. The pricing has, in my opinion, already been determined.
'ArtM72' pid='23272' dateline='<a href="tel:1369778 Wrote:David - Since no one responded I'll throw in my 2 cents: 1) There is no "price". Only a range of prices depending upon future outcomes. For example, how much you assign value to putting holes in the ground, or, if IOC got a piece of XOM's LNG plant, what kind of present value the market will assign such an event. Just plan that whatever the deal there will be people who will cast it in the most negative possible light. 2) According to our new interim CEO Phill is going to be around until IOC's LNG deal is done. Would you care to speculate on what that really means other than IOC still wants to share in the spread between wellhead and delivery. Forced sale to Total? Don't get that reference at all. Anybody sharing the hypothesis that the only way to shut down the Short Machine is to start declaring dividends? Hell, they're still tax advantaged. So what if we have to support the troops, pay down the deficit or fund EPA or whatever?