09-28-2015, 01:32 AM
'Stavros' pid='63171' datel Wrote:You wax and wane between highly optimistic and overly pessimistic Putz. Did your Alma Mater lose today? Mine lost by giving up 17 points in the 4th quarter while scoring ZERO! But I still feel good about IOC's prospects in the next 12 months. Certification payment from TOTAL will be mid-2016 FID will be in 2017 (as I said, less than 12 months after Certification Payment is made) Startup is currently planned for 2022 according to the current schedule THAT's 7 YEARS FROM NOW! When the current worldwide recession is over, energy demand growth will revert back to normal and oil price will recover very quickly due to reduced oil supply growth. ==== I know, I know ... all you folks think the world is in great shape but I assure you it's not. I travel on business worldwide and deal with major corporations in my day-to-day activities, and things are bad everywhere other than in the good ol' USA ==== TOTAL claims they currently own 12 million tons per annum of LNG production capacity but they really don't because Balhaf is shut down. TOTAL stated in their Investor's Day Presentation that they intend to have 20 million tons per annum of LNG production capacity by 2020. They want to stay in a leadership position in LNG and increase sales relative to their Oil business They have Ichthys and Yamal LNG under construction; that won't be enough, especially since they can't get financing for Yamal. Nigeria Train 7 would give them additional 1 million tpa, but it's been delayed for 10 years already ... it's not likely to proceed in my mind. TOTAL needs Papua LNG ... probably sooner than 2022. That's why, all of a sudden (and to my pleasant surprise), TOTAL highlighted/stressed Papua LNG repeatedly in their Investor's Day Meeting last week.
Stavros - Loved your paragraph begining with " ==== I know,I know " . I don't have your traveling around the world knowledge , but I have been telling the g-kids for the past decade or so they will have to study hard,work hard and save hard in order to stay ahead of things to come . I tell them to always be vigilant....all is not well in "la,la land". Thanks very much for all your help in seeking a good outcome for our investment in IOC.