07-19-2014, 08:36 PM
My take is that most spikes occured because the public invented a takeover story. The 12/6 disaster was partly caused by the fact that the monetisation would be delayed. Uptill the end IOC played that they had more balls in the air. Managing expectations could have harmed the negotiation position. I do not like the way the Wahoo story is handled. They are excited because they suspended operation..... It looks like they will resume drilling when the IPI buy in option elapses.