04-30-2015, 08:50 AM
'Putncalls' pid='57497' datel Wrote:Buying a piece of IOC today makes no sense to me. IOC doesn't need the money. Buying IOC make a lot of sense for Total. They get cheap NG to feed any PNG LNG development they want. At the current market cap they could have the whole thing for what they already owe IOC.
WRONG way to look at it. Total would still have to pay IOC and its shareholders what they already owe for its share of PRL 15 PLUS the full price for the Company.