11-15-2013, 11:32 PM
I believe IOC is following in the footsteps of Anadarko (APC) which has a Market Cap of $45 Billion.
APC has something like 2.5 Billion Barrels of Oil Equivalent while E/ A is 1 BBOE net to IOC.
APC of course is selling hyudrocarbons and generating cash flow.
IOC will generate cash flow in 3Q2014 if they get a percentage of all 3 PNG LNG trains.
I see IOC at $20 Billion in the not too distant future (< 2 years?) after more gas/ condensate and possibly OIL are delineated.
Gator is spot on I think ... MS is no longer participating in the deal discussions; Dr Hession said his team are handling the negotiations with bidders in parallel and using standard contacts, not those foisted on them by their counterparties and interlocutors.
APC has something like 2.5 Billion Barrels of Oil Equivalent while E/ A is 1 BBOE net to IOC.
APC of course is selling hyudrocarbons and generating cash flow.
IOC will generate cash flow in 3Q2014 if they get a percentage of all 3 PNG LNG trains.
I see IOC at $20 Billion in the not too distant future (< 2 years?) after more gas/ condensate and possibly OIL are delineated.
Gator is spot on I think ... MS is no longer participating in the deal discussions; Dr Hession said his team are handling the negotiations with bidders in parallel and using standard contacts, not those foisted on them by their counterparties and interlocutors.
Drivel Maven with Personality