'Tree' pid='34497' datel Wrote:
'Getitrt2' pid='34492' datel Wrote:Maybe that is tongue-in-cheek on your part, but the professional CFAs covering the stock at Morgan Stanley and Raymond James do not agree with you, and humbly neither do I, FWIW.Getit,
Calio and Pavel considered that 30% LNG stake valueless didn't they?
I was referring mostly to your indication that, "$4+- Billion bucks is valueless today." They both certainly assigned plenty of value to that.
Neither included any specific values for the 30% in current NAV or targets, but implicitly recognized significant future value in that. Calio at MS stated, "We see longer-term VALUATION UPSIDE as IOC becomes comparable to Oil Search, a peer with a similarly sized interest in XOM's further along PNG LNG project. Oil Search trades at 2-3x the current market valuation for IOC, on a resource basis." Pavel, in referring to his estimated "aggregate resource value net to InterOil at $4.9 billion", recognized its existence but exclusion from that resource value, stating, "AT THIS POINT, we are NOT ascribing any value to the economics of the prospective LNG plant", emphasizing that value does not YET include any value for the LNG stake.