The market is hardly shrewd . The market is emotional is better said. Multiple Hsrvard B School studies prove the market short
term is just a random walk, longer term it gets it right. Entire theories built around Random Walk . Case studies etc.
The research houses have a compliance dept that limits what they can say and they approve all the Wall Street research reports
that are issued. That compliance dept would not allow a price per share target multiples of the current price and that's what
happens when one adds $1.5
billion in cash flow to IOCs bottom line the value soars .
Exxon reached FID in 9 months and Total is a larger player than Exxon in LNG
Really a matter of dealing with IPI . Getting govt's approval and drilling the 3 wells ,
with 4-6 rigs next year that should not be an issue. Expect an early FID decision. Not defined that time line