08-31-2013, 02:56 AM
I see this as good news/bad news.
Good news - we got rid of Phil and replaced him with Dr. Mike. Now an excellent deal will get done that is very positive for shareholders.
Bad news - Dr. Mike changes the game and parameters which is almost a total restart of negotiations (or partial restart specifically with XOM).
Therefore, I don't think the bid timelines six months ago are relavent today. Geez, I am starting to sound like an IOC old timer who bought in sub-$10. I don't expect any news this year but will be looking for a Q1, 2014 deal. I hope I am wrong and Dr. Mike executes with an earlier timeframe.
Good news - we got rid of Phil and replaced him with Dr. Mike. Now an excellent deal will get done that is very positive for shareholders.
Bad news - Dr. Mike changes the game and parameters which is almost a total restart of negotiations (or partial restart specifically with XOM).
Therefore, I don't think the bid timelines six months ago are relavent today. Geez, I am starting to sound like an IOC old timer who bought in sub-$10. I don't expect any news this year but will be looking for a Q1, 2014 deal. I hope I am wrong and Dr. Mike executes with an earlier timeframe.