11-14-2013, 05:43 AM
northoil again from yazoooooooooooo.
Well, when to sell - that's the problem. Here's my prediction: The current price rise will stop and settle in - maybe between 80-85, maybe higher. Until the announcement, which I believe will show a really good outcome for IOC - then there should be another rise to tthe 100-110 area, then settle in until drilling is completed. Well by well will be up and down, depending on discovery versus dry hole. Somewhere in there will be at least 1-2 more discoveries, with stock price hitting the 130-140 range, maybe higher if true and depending on how good the discoveries are. Then 2-3 years until LNG shipments from the EAs start.
So, you asked for it. I disclaim all of i
Well, when to sell - that's the problem. Here's my prediction: The current price rise will stop and settle in - maybe between 80-85, maybe higher. Until the announcement, which I believe will show a really good outcome for IOC - then there should be another rise to tthe 100-110 area, then settle in until drilling is completed. Well by well will be up and down, depending on discovery versus dry hole. Somewhere in there will be at least 1-2 more discoveries, with stock price hitting the 130-140 range, maybe higher if true and depending on how good the discoveries are. Then 2-3 years until LNG shipments from the EAs start.
So, you asked for it. I disclaim all of i