12-10-2013, 08:10 AM
Working overtime:
The company's recent share-price decline seems due to investor displeasure with the bidding process result. Total SA, a major international oil and gas company, acquired a 47.5% interest in InterOil's petroleum license 15, the one holding the Elk and Antelope fields. The winning bid, an upfront cash price of around $900 million, suggests the complete project is worth around $1.9 billion; a figure that disappointed the market, which apparently was looking for a significantly larger amount.
Is InterOil a Bargain After Its Recent Fall?
Then we have Keubiko, aka bonkthegrups, doing a number on my SA article, pouncing on a typo (since corrected) and arguing my calculation is off by a factor more than 2x, all the way egged on by trolls..
The typo was completely immaterial to the calculation itself (which is not off, by any factor), if he had looked he might have noticed as it was hardly a complex calculation. Certainly after having been given no less than five explanations to clear the matter up..