10-06-2015, 11:20 AM
(This post was last modified: 10-06-2015, 11:32 AM by calvin grad.)
Putncalls dateline='<a href="tel:1444083727">1444083727</a>' Wrote:
calvin grad dateline='<a href="tel:1444081460">1444081460</a>' Wrote:Putncalls dateline='<a href="tel:1444075596">1444075596</a>' Wrote: Why sell a 1 billion a year in revenue for 2 billion?I assume you are referring to selling Antelope Deep. Selling would result in some cost saving on pipeline and make participation payments much less. When could we expect a third train so that revenue could begin?I'm saying 4 billion would be about 2 billion for IOC's Antelope share which should be a cash flow machine in about 6 years.
Not what I meant. If someone paid 4 billion for 20 per cent of JV, then JV would have the 4 billion and IOC would have 80 per cent of the 30 per cent they have now. I am also assuming a favorable sales contract and financing. Price is in line with Hession saying value is 20 billion.