06-02-2016, 02:20 AM
'Palm' pid='71236' datel Wrote:If this deal falls apart I fear that the "highest bidders" will indeed pluck the pieces, but at great discounts. With the state of the industry and as UncleT mentions, IOC's current state (cash-strapped which didn't just happen recently, likley credit-tapped, etc., etc.) I fear that black vultures are more likely than white knights. I Do hope I'm wrong and I don't like what MH and the BOD has done, but it's cold-hard business for this industry not much unlike the real estate industry of the not-too-distant past. Location, location, location meant nada. I also would like to hear very realistic plans/reasoning for 100% (or even very high) valuations being obtained for piece-mealing IOC's assets, and who would be able to do it in quick manner. Total has made its decision and communicated it loud and clear. Hopefully someone else will step up, but the time that has passed without a peep speaks volumes.
I see that point, Palm, but much of it really depends on the outcome of the certification, which makes this thing so frustrating to judge, IMHO.