11-05-2013, 09:53 AM
IMO, if XOM doesn't go for the whole pie, which I think is unlikely at present (very possible up the road a ways), XOM would be super smart to sweeten their deal with IOC to be able to front run others in exploiting the licenses. That would mean a sweeter deal from XOM than presently being tossed around by those speculating on low price. I suspect they may be surprised if my reasoning is correct. Trans