"One of the reasons the market may have felt a sense of uncertainty, and the continuing enigma of InterOil, was that despite the world scale size and scope of the joint venture agreement, the two parties failed to put out a joint statement of commitment and intent on their proposed LNG project."
This is one of the few items in this piece that I agree with. We all know the announcement was botched and we can all speculate as to why. The CEO is on a plane when the deal is leaked, etc, etc, etc. They were clearly aught off guard and should have been better prepared. That being said, they have a tremendous opportunity to unbotch that part of things when the deal closes and both parties can talk to the market at length, explain the deal, refute misconceptions about Total's release. I for one am very much looking forward to that day.
Good luck longs
This is one of the few items in this piece that I agree with. We all know the announcement was botched and we can all speculate as to why. The CEO is on a plane when the deal is leaked, etc, etc, etc. They were clearly aught off guard and should have been better prepared. That being said, they have a tremendous opportunity to unbotch that part of things when the deal closes and both parties can talk to the market at length, explain the deal, refute misconceptions about Total's release. I for one am very much looking forward to that day.
Good luck longs