07-19-2016, 11:27 AM
Institutions i.e. the mutual funds have written prospective's given to purchasers of their funds. Many could not hold foreign stocks like an OSH. They are in the minority these institutions under 50% of Interoil shareholders.
But at 49% ownership they have clout. To them OSH stock is an issue and love the idea of Exxon stock for Interoil shares.
OSH Just matching the Exxon deal will not get it done. If that's all the juice offered than that bid will go down
in flames.
RJ has zero clue as to what Total will or will not do. Common sense as written in the WSJ and other news services states Total has good reason to bid on Interoil. Citi even computed how much Total would have to pay Exxon. That speaks quite loudly what they think. Alas we know more on the 21st.
But at 49% ownership they have clout. To them OSH stock is an issue and love the idea of Exxon stock for Interoil shares.
OSH Just matching the Exxon deal will not get it done. If that's all the juice offered than that bid will go down
in flames.
RJ has zero clue as to what Total will or will not do. Common sense as written in the WSJ and other news services states Total has good reason to bid on Interoil. Citi even computed how much Total would have to pay Exxon. That speaks quite loudly what they think. Alas we know more on the 21st.