Time for a new share buyback !?!?

[CAC]

Yes, in theory all projects can be on hold, but LNG demand is increasing at 5% a year and somebody sooner or later has to build additional capacity. It's a bit of a collective action problem but the market is usually fairly good at sorting that out. And it's not necessarily the market, Total is a very big firm, they will look at their projects as a portfolio and weigh the prospects of each. I'm not saying it's not possible we're getting delayed or even canned, but I think that's really fairly unlikely. But even if the risk is small, it has notched up a bit, there is no denying in that.

******

I don't disagree with any of that.  It's just the least bad theory I can come up with as to why we got hit harder than our competitors and why our "hit" has continued/increased even after the others seem to have slowed/stopped.  So is your thought that it is just Chandler?  What is your best guess?

[Gator]

CAC

My thoughts. It could be as simple as blood in the water short sellers and margin players. They know the Chandler’s sell has created both fear and uncertainty. Why did he sell and will he sell more? I don’t know Chandler, but in the past when he filed with SEDI he was done for a while. A 10% trim in his holdings might be it…for now. Why did he sell? I doubt it was margin calls, rather other investment opportunities. How many people do you know have the balls and the ability to buy Real Estate in Russia with US$ vs. a destroyed Russian Ruble? IOC is and always has been a SMID cap stock with a tight float that has caused outside moves both up and down.

[jdeo1969]

Many small cap oil and gas companies have been clobbered. Just two examples are Seadrill from 40 to 10. US Silica from 42 to 24. However, they didn;t sign a transformational deal just over a year ago that would supposedly send the stock well above triple digits. We are trading at levels most recently seen at the end of April 2009 and as far back as July of 2005. yes 2005. It's a miserable performance by the CEO. Miserable.

[Gator]

I am not the biggest Hession fan as most of my posts indicate, however he has done a few things right. He sold a refinery when oil was $100 (try to get that price today). He paid off most of the debt of the company to the point that the bonds are trading above par (not many energy companies can say that). IOC and TOT (and even OSH) are moving on the FEED because they have to so they can satisfy the PNG government’s requirement to build in 2017 (before the election). Is it the CEO’s fault (Harold Hamm) that CLR is down 56% in the past 4 months and is back to 2008 prices?

[jdeo1969]

Gator, did CLR sign a transformational deal just over a year ago? Enough said. he has screwed those of us who owned the stock Dec 6th of 2013. how many shares of our company has he bought with his own money? Sorry, your argument doesn;t wash with me. The PPS should be much much higher than 35. Again, 85 to 35 under his watch.