It seems this deal must have taken IOC by surprise. It would appear IOC's potential interest in Gulf LNG also dropped from 30%.
I fear Hession's buddies have bent us over and the current market price has now become damn near right. IOC's future is no longer what it has found but what it might find in the future, minus all the attorney's fees for stockholder suits.
Going a little less negative, a much better outcome would be for the Total acquisition be reduced by the OSH purchase percentage. That announcement should have been on the wires by now. If I were Total I'd say screw you, we have a deal.
I fear Hession's buddies have bent us over and the current market price has now become damn near right. IOC's future is no longer what it has found but what it might find in the future, minus all the attorney's fees for stockholder suits.
Going a little less negative, a much better outcome would be for the Total acquisition be reduced by the OSH purchase percentage. That announcement should have been on the wires by now. If I were Total I'd say screw you, we have a deal.