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07-22-2016, 09:58 PM
(This post was last modified: 07-22-2016, 10:05 PM by will2bgreat.)
Are any of you folks concerned abou the alignment of our interests with XOM?
In particular, how is it in the best interest of XOM of have a high certification number? Wouldn't it be in the best interest of XOM to pull a OSH, push a low certification number, pocket the CRP, and then get to keep all of Total's 2nd certification payment? I understand they have lost the time value of money, but they more than make that back in 6 years.
Also, if we want a maximum certification, shouldn't we have pushed for Asouth?
My prediction, 7.2Ts certified, if the XOM deal gets approved.
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'will2bgreat' pid='74632' datel Wrote:
Are any of you folks concerned abou the alignment of our interests with XOM?
In particular, how is it in the best interest of XOM of have a high certification number? Wouldn't it be in the best interest of XOM to pull a OSH, push a low certification number, pocket the CRP, and then get to keep all of Total's 2nd certification payment? I understand they have lost the time value of money, but they more than make that back in 6 years.
Also, if we want a maximum certification, shouldn't we have pushed for Asouth?
My prediction, 7.2Ts certified, if the XOM gets approved.
Agreed.
The entire process has been 100% against shareholders interest from day one. Management has had zero interest in protecting the shareholder and only want to cash in and get out. We have crooked management.
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Will - you are of course correct. The good news is E/A will be in production soon with XOM in control. The bad news is we will only watch.
FWIW after last night I'm thinking the ASX might be the better local exchange for all of my securities.
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'ArtM72' pid='74636' datel Wrote:Will - you are of course correct. The good news is E/A will be in production soon with XOM in control. The bad news is we will only watch. FWIW after last night I'm thinking the ASX might be the better local exchange for all of my securities.
OMG, are you now resigned to a Hillary victory in Nov.?
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You sbould be too, unless you'd like to gamble it all on The Donald.
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Hillary could run IOC, with all of the lying, obfuscation, crooked behavior and such.
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'AU74' pid='74639' dateline='<a href="tel:1469190 Wrote:You sbould be too, unless you'd like to gamble it all on The Donald.
political ranting has begun do...we know Hillary is a crook and we see her track record. Trump MAY be a dismal future but I got one am certain Hillary is more of the same which is a failure. How about the terrorist plot foiled in Austrailia the other day? There will be more to come unless we get serious about terrorism and alike. Time will tell...
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07-23-2016, 12:13 AM
(This post was last modified: 07-23-2016, 12:15 AM by ArtM72.)
(07-22-2016, 10:27 PM)Tree Wrote:
(07-22-2016, 10:10 PM)ArtM72 Wrote: Will - you are of course correct. The good news is E/A will be in production soon with XOM in control. The bad news is we will only watch. FWIW after last night I'm thinking the ASX might be the better local exchange for all of my securities.
OMG, are you now resigned to a Hillary victory in Nov.?
No. Rather, the victory of the Master of Debt. After all, if you run debt up too far you can always default and walk away whole. Right? I'm going to have to find the politics board before Admin steps in.
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07-23-2016, 12:35 AM
(This post was last modified: 07-23-2016, 12:35 AM by davidhmtk.)
Alignment of the interests of XOM and former IOC shareholders who will be entitled to a share of the Contingent Resource Payment is based on that the same appraisal/certification process will govern it as well as the Total/IOC SPA payment which will now be due to XOM. This was not the case with the OSH deal, which extinguished the SPA as part of the side deal between Total and OSH.
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'davidhmtk' pid='74659' datel Wrote:
Alignment of the interests of XOM and former IOC shareholders who will be entitled to a share of the Contingent Resource Payment is based on that the same appraisal/certification process will govern it as well as the Total/IOC SPA payment which will now be due to XOM. This was not the case with the OSH deal, which extinguished the SPA as part of the side deal between Total and OSH.
Yes, but I see two issues. First, and most important, as shareholders we don't have an advocate overseeing this process. Second, we have lost the second certification (as well as all other subsequent payments) to make us whole.
Of course the third is giving away for $0 everything else.
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