Excellent post.
Many bought IOC for a big quick pop , a get rich early pick . They bought short term calls and used margin to increase their bet
and yes some of those persons lost. The better approach is to look at the acreage, the known assets, the known seismics and
understand how grand the future will be. Quote Hession on the call IOC will be a large oil company. Some will be around for that
day and others will be off to the NQs of the world. We wait till we have a solid bottom and reduce cash and buy stock . When
there's blood in the streets buy stocks. A worst case IPI price is now priced in. See Gator and his $700 million dollar estimate.
And then we have an analyst with some guidance putting out a reseach piece with a worst case $248 million estimate . Smart
money will listen to the guided estimate.