03-13-2014, 01:10 AM
Anyone ever heard of opportunity costs? There have been countless other places to park cash that provide significantly greater returns than IOC with far less risk. That trend became significantly more costly after IOC transformed itself and promptly lost 50% of its market cap. IOC is going to have to accept whatever PNG, Total, Exxon, and Oil Search decide they want done. While intriguing this story has become a broken record and IOC is now a pawn. Let's just hope those truly in control simply make the logical decision and give IOC their parting gift, $126. Everyone happy now? I know that can be significantly greater by 2020 just by owning Oil Search. IOC could be discarded costume jewelry by then.

