Judging Dr Hession

[CAC]

Getit, I believe what some take issue with is that IOC needs to learn for past experiences. The market does not like uncertainty, this is fresh meat for shorts regarding IOC. If there is any chance an expected timeline can not be met then IOC should not set or give a timeline. There was a timeline for IPI. If not met is causes potential uncertainty which is prey to shorts. We have seen this way too many times.

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My take on Hession's comment was that he believed he was being conservative when he said "by the end of January".  It seems to me that when he immediately added that he "wanted to continue to underpromise and out-perform"...he was explaining why the timeframe was pushed out as far as it was.  I inferred that he actually thought (at least at that time) that it would be done quicker than the end of January.