12-11-2013, 10:16 AM
Tell me where I'm wrong.
IOC gets 4.8 billion in cash and uses a portion of that to buy out the IPI.
They keep 30% of E/A which can now be valued at 4 billion (1.29/MCF)
Then there will be 4-5 rigs drilling Tricerotops and others.
Why do some assume that the hedge funds can contoll the stock price?