'admin' pid='27046' datel Wrote:ISo one basically has to invest on faith.
Actually I don't think that to be so. There has been lots and lots of real information posted by IOC in the past such as detailed drilling logs and seismic studies that provide a lot more basis in the investment than "faith". To be fair you certainly are correct in the sense that one must have faith the XOM deal will ever get done. I fear the DPE is trying to force XOM to do something they don't want to do and IOC is caught in the middle. It is pretty easy to speculate that things were further along back at the AGM with the negotiations actually having regressed since that time.
How long will it be before people start openly wishing Mulacek was back at the helm? I hope never, but it wouldn't be the first time in corporate history a major pissing contest at the board level resulted in the (temporary) departure of a key person. Think Apple. No disrespect to Hession, just speculating what might be.