06-06-2013, 10:04 AM
'jft310' pid='23864' dateline='<a href="tel:1370466 Wrote:Palm is right on-At least two analyst will compute the math on the deal. None of which matters. What matters?? A deal with Exxon Monetization of the assets Early cash flows. The right to go it alone with anyone we chose Drilling Fund No dilution Booking of assets Cash on balance sheet And more
JFT, I do not disagree that in the long run what matters is this. Given this, if IOC does not get a buyout from somewhere, this will provide the launching pad for a fertile and prosperous future for us longs. However, if one was looking for a rapid rise with buyout pps SOON I do not believe this is the way (unless we do get bought out). I am fine with that and I have a long standing approach but the near term will still be met with pps manipulation and the sort until just before production. Easy to ride the wave when you are in at $6.50 but not as easy who may have gotten in at $65.00. Time will tell...