06-27-2013, 04:37 AM
Heres some fun facts for ya.
IOC owns its NG at 5 cents per mcf
Mr Market prices IOC's mcf at 60 cents today
NG exciting the PNGLNG plant will sell for $15.75 per mcf.
So what happens to the IOC stock price if we deduct $3 per mcf to process the NG and IOC gets slice of every mcf sold at that higher price. Anyone who thinks IOC will not get a chunk of LNG revenue from PNGLNG needs to come buy this beautiful bridge I have.
IOC owns its NG at 5 cents per mcf
Mr Market prices IOC's mcf at 60 cents today
NG exciting the PNGLNG plant will sell for $15.75 per mcf.
So what happens to the IOC stock price if we deduct $3 per mcf to process the NG and IOC gets slice of every mcf sold at that higher price. Anyone who thinks IOC will not get a chunk of LNG revenue from PNGLNG needs to come buy this beautiful bridge I have.