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JFT, I agree, but to me it may be best to stop the Pom Pom (not to be mistaken for Palm Palm  )drills. The fact is, no clarity, no defense, no rebuttals of strength and here we are today. I am long, I am staying long. This is not whining this is reality, Iwill say what I have here and on yazzzooooo for years.....I trust in the resource, the Managment I am suspect. What is another $30k among friends .....today
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'ebster123' pid='24888' datel Wrote:JFT, I agree, but to me it may be best to stop the Pom Pom (not to be mistaken for Palm Palm )drills. The fact is, no clarity, no defense, no rebuttals of strength and here we are today. I am long, I am staying long. This is not whining this is reality, Iwill say what I have here and on yazzzooooo for years.....I trust in the resource, the Managment I am suspect. What is another $30k among friends .....today
What i find baffling is last August we went from $90's to the low $50's in about 3 months and this go around $93 base to $67 in 5 weeks without one word from management. Obviously they were aware of the market concerns about the Exxon deal or in August of the government statement implying the taking of a larger share of E/A. Yet in both instances there was no clarification for whatever reason. This is puzzling since in both instances it represented a loss of 2 billion in market cap.
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I think the task of management is primarily to run the business, not to explain every twist and turn of the share price.
That isn't saying that communications have, at times, been poor, but realize how difficult this is as well.
The first task, and responsibility of a shareholder is not only to realize what the rewards, but also what the risks are of holding a position in a particular security.
The risks, apart from general market risk (which we saw in the last couple of days), is that until there is a signed deal which terms we can analyse and value, and which de-risks the shares to a substantial extent, volatility will likely be the norm.
However unfortunate that is (although realize there are people here who are doing really well on that), it's a reality for which management has only limited responsibility, and it's a reality that has been the norm, so it can hardly be a surprise.
I'm not saying we can't hold management to account, but for business decisions or the way they communicate. The stock price volatility is mostly just a distraction for them (and they have quite a bit at stake in that department as well).
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'admin' pid='24895' datel Wrote:I think the task of management is primarily to run the business, not to explain every twist and turn of the share price. That isn't saying that communications have, at times, been poor, but realize how difficult this is as well. The first task, and responsibility of a shareholder is not only to realize what the rewards, but also what the risks are of holding a position in a particular security. The risks, apart from general market risk (which we saw in the last couple of days), is that until there is a signed deal which terms we can analyse and value, and which de-risks the shares to a substantial extent, volatility will likely be the norm. However unfortunate that is (although realize there are people here who are doing really well on that), it's a reality for which management has only limited responsibility, and it's a reality that has been the norm, so it can hardly be a surprise. I'm not saying we can't hold management to account, but for business decisions or the way they communicate. The stock price volatility is mostly just a distraction for them (and they have quite a bit at stake in that department as well).
I would like them to take that distraction a little more seriously. $93 to $107 to $67 in a month, that is crazy town.
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And who says they aren't taking it seriously? They have considerable amounts of shares themselves. But one shouldn't run the business on the basis of short-term stock market gyrations, nor hold management fully accountable for these.
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Amen to STP,
IOC mgt is working with the SEC on what's going on. That's proactive.
But assume that goes no where. A closed LNG deal solves the problem .
With set numbers the discounted cash flow models will tell us what IOC is worth.
Hard to argue Exxon and cold hard cash for IOC assets.
Thats the short crusher
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I'm confused. Who owns IOC today???
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'jft310' pid='24926' datel Wrote:Amen to STP, IOC mgt is working with the SEC on what's going on. That's proactive. But assume that goes no where. A closed LNG deal solves the problem . With set numbers the discounted cash flow models will tell us what IOC is worth. Hard to argue Exxon and cold hard cash for IOC assets. Thats the short crusher
jft-- Good AM to you! My personal take on the SEC. They are a "toothless tiger" . I have observed them for decades and they have been very disappointing about their investigating. (THe CFTC is even more pathetic) .Very,very hurtful for the small investor. HAGD !
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'Tree' pid='24941' dateline='<a href="tel:1372173 Wrote:I'm confused. Who owns IOC today???
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I'm happy we're up, but "calling scoreboard" on the shorts today is like giving up 4 straight touchdowns then crowing about kicking afield goal to cut it to 28-3.
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'CAC' pid='24946' datel Wrote:
'Tree' pid='24941' dateline='<a href="tel:1372173 Wrote:I'm confused. Who owns IOC today???
************
I'm happy we're up, but "calling scoreboard" on the shorts today is like giving up 4 straight touchdowns then crowing about kicking afield goal to cut it to 28-3.
No fat lady singing, It ain't over yet. We're just warming up
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