08-16-2013, 10:47 PM
'Petro2458' pid='27287' datel Wrote:Your wrong. 2 sides to this.
There is only one side to this in my opinion. InterOil has a competing bid from Shell and it's being leveraged to accelerate negotiations with Exxon. The stock is down because news services incorrectly picked up "it is dead" as the deal rather than exclusivity. It's exclusivity that's dead while the negotiations continue. InterOil has voluntarily killed the exclusivity, which can only be positive. I have strong evidence that Shell submitted a bid very recently. The company has confirmed continued negotiations with Exxon today, both in the article and on calls.