11-14-2013, 08:02 PM
If IOC went to 106 on announcement of negotiations with XOM then it will surely move much higher when details of a favorable deal are elaborated.
Nothing against North Oil, but his prognostications for short-term and medium-term pps lack any basis.
Pavel Molchanov states that IOC's NAV is $100 per share at a paltry sell down equivalent of $ per mcf.
Dr Hession states that at any moment IOC will announce a "transformational deal" with a major oil/gas company.
To my mind's eye, I don't equate transformational with $1 per mcf. I reckon the deal will be equivalent to measurably higher than $2 per mcf.
If as rumored IOC will enjoy a 10%+ share of the three-train PNG LNG project, with ca$h flow to begin in 3Q2014, then IOC's NAV should approach that of OSH which is $10 Billion ===> equivalent to $200 per share.
Nothing against North Oil, but his prognostications for short-term and medium-term pps lack any basis.
Pavel Molchanov states that IOC's NAV is $100 per share at a paltry sell down equivalent of $ per mcf.
Dr Hession states that at any moment IOC will announce a "transformational deal" with a major oil/gas company.
To my mind's eye, I don't equate transformational with $1 per mcf. I reckon the deal will be equivalent to measurably higher than $2 per mcf.
If as rumored IOC will enjoy a 10%+ share of the three-train PNG LNG project, with ca$h flow to begin in 3Q2014, then IOC's NAV should approach that of OSH which is $10 Billion ===> equivalent to $200 per share.
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