Why didn't Hession take the Exxon offer.

[sageo]

Again thanks for your insight on this. I am no longer a stock holder but feel the same as everyone here that shareholders were deceived by the company. I mostly blame myself for getting emotionally involved in the stock and not being smart enough to exit when I could have taken a profit. Lesson Learned. I still watch this board and IOC just to keep up with the situation, and having been involved with this stock so long I just want to see what the final outcome is. GLTA.

Thanks Oilybug for your comments. I also blame myself, but just like I did with Ultra Petroleum several years ago, I could see (just as Exxon has) the awesome potential of the Eastern Basin ( which IOC's leases are a big part of ).  I just didn't think about an incompetent ceo and bods getting into the game [ ....by the way ,I sold my Ultra Petroleum shares near the top, but I wasn't that lucky  with my IOC shares . ] .  I made a nice bundle on that stock, but I am now giving a chunk of that "bundle" back . I suppose the old saying is true...."easy come,easy go" (only I hate the 'easy go' part .)  GLTY