'katytrader' pid='70285' datel Wrote:
'kerekesc' pid='70282' datel Wrote:As noted on another thread, I think they see the benefits as owning a piece of OSHs action, as in PNGLNG and perhaps some hypothetical cost savings. To make sense of it all, I think we should accept that we IOC shareholders are into a set of known unknowns and unknown knowns and have to work through them.I have been hearing alot about possible synergy benefits regarding this deal, but I have yet to hear exactly what these benefits are. And, more importantly, I have yet to hear what these benefits are that IOC couldn't benefit from if it remained independant.
The unknown knowns have my attention right now. Company money has been spent for years on assessing our assets. The results of these assessments are known by IOC and insiders but we stock holders have been told almost nothing. Hession telling us that the resource is excellent four times a year is nothing. How big is it? After seven years I still don't know. I know Hession knows but he won't tell us. He wants us to sell because he says it's a good deal. Dr. Hession tell me what you have found and I will make my own decision. Seven years we wait and still know very little.
We have been played from the beginning. I'm voting no deal. If IOC had been forthright I may have gone along. Not now! I won't be cheated.