'trans' pid='38144' dateline='<a href="tel:1393509 Wrote:I will put my guess in here. I see PNG 22.5 %, OSH 19.3%, TOT 32.5 to 35 %, and IOC 23.2 to 25.% . That NETS all out instead of mixing gross and net. IMO, from a T/A standpoint, I would expect max correction here 53-54, but more likely 55-56. If the lower, imo the price won't stay down there very long. I base this on a normal 3 to 5 day UP field (daily). IOC topped at 59.78 on fourth day. Normal correction would be 2nd day reaction low from high, which would be today's low, or possibly modestly lower tomorrow from today's low. all for what its worth, but the situation looks more neutral to positive than anything.
Thank you Trans. I believe you and a few others are closest to correct. We do need clarification on the exact numbers. Now, the minority interest buy out is settled, which so many had speculated about and the OSH transaction increases the PRL 15 value pre recertification, the Total deal can close, IOC soon to receive $600 mllion +, drilling will commence, and people aren't even talking about many comments by PNG & OSH wanting to move this project along as fast as possible. Not to mention Duma being sacked. With as much as IOC continues to de risk, I have no earthly idea why we wouldn't be trading far higher?!!!