'Tree' pid='27622' datel Wrote:Exclusivity, no longer. Lack of exclusivity only strengthens IOC's position for reasons Pavel mentions in his update. IOC/XOM are still working to close the deal. IOC appears to be positioned to squeeze their best deal from XOM/partners and the Gov't is surely doing the same.
In the meantime, we suffer from flat out false doomsday headlines last Friday from Schwab, Reuters and every business section in every major newspaper in the US that IOC/XOM talks failed without a deal. Easily predicted a couple weeks prior.
Top it off late yesterday with a 'credible' appearing headline that RJ's Pavel droped his guidance from $100 to $65. Flat out criminal. So what happens? Some posters here lash out at others when nothing has changed in the development of the deal except the pps. Key is by all accounts the deal(s) are in tact and will be successful.
Every long can make the case they are frustrated, pissed or maligned. Only a few are lashing out and my suggestion is for those, if you want to 'whine' (for no better word) please support your thinking with news, insight or cite DD so the rest of us can get beyond being annoyed and maybe learn something. That is the essence of what SHU is intended for.
Many seem to be suggesting that IOC is negotiating/demanding a piece of the 3rd train and that this may be what is holding up the negotiations. Wouldn't ownership of the 3rd train been included in the term sheet? Kind of a large item to throw in when we are supposedly in the attorneys dotting i's and crossing t's phase. Comments?