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JFT, one common comment is that the investor does not understand the true value of IOC. However, Wall Street is the investor. Don't you think that Wall Street firms have more understanding of the markets and economics than most here? One argument may be that diminishing IOC until Q4 may allow WS to play it a bit (we all know that happens) but they are too smart to not trust based on PM's prior comments and expectations. To me, that is a poor argument not worth supporting.
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The stock price used to rise $10 with drilling starting that's doesn't happen anymore . One has to ask why ? When we got superior drilling results like at Ant 5 the stock price rose . Not happening One has to ask why ??
Hession has been pumping the stock like Phil did with different results . One has to ask why??
Fact- The stock price got ahead of itself because of the prior pumping . Phil's pumping...People got burned , paid to much for their shares for the situation. If Somare had survived the price was way cheap but Somare got sick and things changed . Phil's dream crashed . No early cash flow .
Today's we are a completely different company with far superior management and with a great deal . Read the UBS report its a great Interoil deal above 7 T's certified at E/A and a bad deal for Oil Search and Total above 7 T's.
The stock price will move with certainty of T's and Total's money. A jointly agreed LNG plant size announcement by the end of June should certainly help the stock price . Two trains with 6.8 tons per year of LNG moves the needle . What happens if they agree to 2 trains and 10 tons ???A scenario vetted by UBS.
The history of Wall Street shows we need certainty of T's and Total's money. That's why Hemi still owns a large position in Interoil but ignores the volatility until the certainty enters the stock price with certification. Or Use the volatility to play the Wall Street game . Trade some shares.
