06-01-2015, 10:24 AM
JFT, one common comment is that the investor does not understand the true value of IOC. However, Wall Street is the investor. Don't you think that Wall Street firms have more understanding of the markets and economics than most here? One argument may be that diminishing IOC until Q4 may allow WS to play it a bit (we all know that happens) but they are too smart to not trust based on PM's prior comments and expectations. To me, that is a poor argument not worth supporting.