OIL Futures taking a bath.

[admin]

There are quite a few reason for a disappointing share price:

• Lower per Mcf metrics from the Total deal than was expected by many
• The lack of drilling results
• Uncertainty about the OilSearch arbitration case
• Residual uncertainty about the size of Elk/Antelope
• The fall in the oil price

If and when these things are resolved, there is no reason to assume that IOC shares would keep on trading far from their fundamental value forever.

Why would it?

Take-over as a means for quick relieve doesn't strike me as a good idea when there is every chance of creating much more value going forward.

Those who seek quick relief have another solution..