What OSH has "essentially validated" is what Total is paying, but they have not supported or "validated" the GLJ estimates. It's not hard to agree "there is something wrong with that picture", i.e. the "share price". However, is there something you think is behind that besides the problems and extended delays in completing the exploration wells, the uncertainty of the dispute with OSH, and the recent negative pressure from the market, oil prices, and energy stocks in general accompanied by short manipulation?
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I would agree with that assessment Getit. My larger point was that wa sOSH was willing to pay supports the higher estimates and in spite of that we are at levels where the market valued the Total deal initially. I think the psychology of waiting for the payday has something to do with the weakness as well. IOC has not been a stock that typically follows sector behaviors in my recollection. We need some good news!