10-07-2015, 10:56 PM
JTF,
You keep taking about a $2 BILLION payment in 6 month like it is a forgone conclusion. Wall Street is not stupid. Delays are like cockroaches, when you see two, there are probably more. Both IOC and the IPI investors took the "over" on Elk Antelope. TOT and OSH took the "under". The ones that have to wright the checks do have the ability to control the timeline somewhat. I believe in the asset. I think shareholders will make money in spite Hession, not because of him. The self inflicted delays have come at the same time as an energy crash around the world. With the drop in energy prices, many, many projects around the world are being delayed. Cap-ex budgets ate being slashed. You can talk about being the "low cost" producer till your blue in the face, but it is still a $15 billion build-out.
I am not trying to buy more IOC. (Frankly I have purchased other energy names, most pay dividends.) I'm not stupid enough to believe anything I write or say on this board will influence the share price. I only want to see two things from InterOil. 1) Management and shareholders interests become aligned and right now they are not. Hession has been paid for doing the deal and he gets more shares given to him because of the lower price. 2) There are NO MORE DELAYS. Not one member of management or the IR team can explain why we went from Q1 to "middle of 2016". We had a 3-5 month delay in the span of 6 weeks and nothing changed.
You keep taking about a $2 BILLION payment in 6 month like it is a forgone conclusion. Wall Street is not stupid. Delays are like cockroaches, when you see two, there are probably more. Both IOC and the IPI investors took the "over" on Elk Antelope. TOT and OSH took the "under". The ones that have to wright the checks do have the ability to control the timeline somewhat. I believe in the asset. I think shareholders will make money in spite Hession, not because of him. The self inflicted delays have come at the same time as an energy crash around the world. With the drop in energy prices, many, many projects around the world are being delayed. Cap-ex budgets ate being slashed. You can talk about being the "low cost" producer till your blue in the face, but it is still a $15 billion build-out.
I am not trying to buy more IOC. (Frankly I have purchased other energy names, most pay dividends.) I'm not stupid enough to believe anything I write or say on this board will influence the share price. I only want to see two things from InterOil. 1) Management and shareholders interests become aligned and right now they are not. Hession has been paid for doing the deal and he gets more shares given to him because of the lower price. 2) There are NO MORE DELAYS. Not one member of management or the IR team can explain why we went from Q1 to "middle of 2016". We had a 3-5 month delay in the span of 6 weeks and nothing changed.
"And maybe someday we will find , that it wasn't really wasted time"