Hypothetical

[Tree]

Ask yourself:

If IOC announces NEC approval for 2009 PA (meaning we have a project) and they announce we have a  list of pre-qualified bidders making final bids and SD to be announced with partners names and FID timeline all to be wrapped up by Y/E and the pps goes down, will that be management's fault?   Or will that mean Mister Market is stupid, corrupt or manipulated?

Quick with your answer, you may not have long to decide.

[ebster123]

Tree, you can not deny it as taken WAY TO LONG to seal a deal on ANY aspect of the assets. The standard reply by many " this is a long term investment" is not appropriate. This has been a long time already. I hope it happens SOON!!!!

[bertl05]

That scenario isnt realistic. It's as if you are saying that there has been good news and its gone down, so that might happen again. I don't recall the good news that precipitated this collapse of PPS.

Shareholders want a finalization of the SD after 3 years. I don't think thats an unreasonable request at this point. I don't see this move as shorts, corruption or any other grassy knoll scenario. Fear of further delays and a possible shift of plans again makes shareholders nervous, and they sell.

I would think a SD at good terms and a Govt nod for the project would cause a nice rally. After all the story of multiple majors bidding seemed to work. I get your point that IOC is totally manipulated at times, but that doesn't excuse that we are late in 2012 with nothing substantive to show. Hard to deny that with a straight face.

[jft310]

Phil M will be CEO of the year if this is true. What a way to mess with the shorts!!They had a chance to cover and didn't again. FOOLS!! Its party time at the Lake . Ya'll come on down.So do we hear Tonight or tomorrow.??

[Tree]

That scenario isnt realistic. It's as if you are saying that there has been good news and its gone down, so that might happen again. I don't recall the good news that precipitated this collapse of PPS. Shareholders want a finalization of the SD after 3 years. I don't think thats an unreasonable request at this point. I don't see this move as shorts, corruption or any other grassy knoll scenario. Fear of further delays and a possible shift of plans again makes shareholders nervous, and they sell. I would think a SD at good terms and a Govt nod for the project would cause a nice rally. After all the story of multiple majors bidding seemed to work. I get your point that IOC is totally manipulated at times, but that doesn't excuse that we are late in 2012 with nothing substantive to show. Hard to deny that with a straight face.

Hey bertl, The only thing I'm disappointed in is I didn't sell at $98 and re-enter today.

Yes, good news has precipitated pps collapse.  I seem to recall T-2 results in the Spring which were met with a thud and a sell-off.  I recall buying a big chunk from Ft. Meyers Beach with a brew in hand that day.  Besides, this collapse has been preceded by silence.

And wasn't there an underappreciation of the PRE deal which came out of nowhere too?  I recall buying after that also.

We have no clue as to how large this deal is and we have no clue as to the dynamics being balanced by a small management team.  Some day we will and I'm sure once again that we will look back fondly at the process we are ending now with perspective and we will love the deal they formulated and noone will b-eye-itch that it took longer than 'we thought it should'.

[jft310]

Bert please look up the definition of a Confidentiality Agreement and how long does a company have to report a material event!! Then come back and we can discuss.

[Petro2458]

Tree-I'd be supremely happy with your hypothetical.

[ebster123]

JFT, I would welcome an announcement today or tomorrow and hope that is the case. However, your post sounds like one of the umber pumpers on Yahoo and not a balanced engaged poster on SHU. No disrespect intended, just the way it seems to me. Again, I hope you are correct, but the market seems to say differently. Time is running thin and the goodwill is running low. As for CEO of the year, I feel Phil was far from that for the past 2 years so even if this gets sealed tonight he I far from CEO of he year in my eyes.

[ebster123]

JFT, like I said, I hope you are correct and eagerly await such a thing. Please keep in mind, I am still long, and always have been. Let's see what happens

[jft310]

I am suggesting everyone have a celebration cocktail and sleep well. Tomorrow is exciting.
What the stock does I can't say for sure.