11-25-2013, 11:28 PM
Hey- At least they stopped all the fake flare and blow back nonsense!. They have conceded their big argument and now admit to the resource. This is a slow retreat. The short argument is dead.
The ONLY argument left will be valuation of IOC after the deal. Between the gas, condensates, and stake in PNG LNG it will be much higher then the current 87 dollars a share. Just the condensates alone give IOC a market cap of 8 billion. FID on the CSP books that as reserves.
The shorts are making a slow retreat now. As things progress, they will prgress fast, and they will stampede towards that door. The door will be small.
The ONLY argument left will be valuation of IOC after the deal. Between the gas, condensates, and stake in PNG LNG it will be much higher then the current 87 dollars a share. Just the condensates alone give IOC a market cap of 8 billion. FID on the CSP books that as reserves.
The shorts are making a slow retreat now. As things progress, they will prgress fast, and they will stampede towards that door. The door will be small.