World Bank new Partnership with PNG

[Tree]

Posted at 20:04 on 26 December, 2012 UTC

The World Bank Group has announced a four-year strategy designed to support the Papua New Guinea Government’s efforts to improve the livelihood of thousands of families, further its economic development and reduce gender-based inequality.

World Bank’s Country Manager, Laura Bailey, says the strategy is a partnership and the World Bank and International Finance Corporarion are determined to see Papua New Guinea prosper.

She told the Post Courier paper that Institutional reforms, improved governance, and low crime and violence will help the country pursue its development goals.

She says gender imbalances also restrict efforts to progress this agenda.

Ms Bailey says they plan to target their investment at companies that generate large-scale job opportunities, particularly in agribusiness, infrastructure such as electricity and midsize PNG companies, including land-owners operations.

[jft310]

Electricity. Wonder who will provide the NG/LNG for those new electric plants.???

[ArtM72]

As these articles come through you get a real appreciation as to how much is going on in PNG and the level of competition IOC has for ONeil's attention. That, and how important IOC LNG cash flow is to the country, especially given the relatively poor deal the country apparently got with the Highlands project.

I'm happy to have resolved this past year not to buy into the options market. Would have lost for sure again this month. I am constantly reminded of Bullwinkle asking Rocky if he wants to see him pull a rabbit out of his hat.

[Tree]

As these articles come through you get a real appreciation as to how much is going on in PNG and the level of competition IOC has for ONeil's attention. That, and how important IOC LNG cash flow is to the country, especially given the relatively poor deal the country apparently got with the Highlands project. I'm happy to have resolved this past year not to buy into the options market. Would have lost for sure again this month. I am constantly reminded of Bullwinkle asking Rocky if he wants to see him pull a rabbit out of his hat.

Exactly Art.  The dynamics involved in selling this tremendous resource and simultaneously aiding in a nation building exercise are mind boggling.  Timing is seemingly out of both IOC and PNG's hands as this is solely an event driven process.  Tremendous undertaking for a small management team.  STP nailed it again with his confidence in the fundamentals and the disconnect with pps and that is the volatile nature of IOC.

[admin]

1) Stocks, any stock (not just IOC) can be off 40-50% for no apparent reason, or reasons with little or no relevance to fundamentals.
2) ALL well known investors and fund managers that consistently beat the market (there are not many who can do that) focus on fundamentals, rather than the white noise of short-term price swings, and have their own methodology for identifying value. Once identified, they stick with it.
3) IOC's fundamentals are simply excellent. 0.40/mcf for the EA numbers alone (which might very well go up pretty soon), that's compelling valuation
4) While the stock price has gone down, IOC's fundamentals have improved: Ant3, much more cooperative PNG govt.
5) Most stock price rises happen in just a fraction of days in a year. By trying to time, retail investors often miss out on these.

This too will pass.. and it will be rectified, suddenly and without warning.

[jft310]

Best post of the year by STP of course and so true.

[Tree]

Best post of the year by STP of course and so true.

Wait just a minute pumpers......does this mean IOC's management just might not suck and this pps is a screaming buying opportunity??

[Tree]

Best post of the year by STP of course and so true.

JFT, Bonk texted me and wanted me to tell you that you are incorrect again, as usual.  He claims STP's 'post of the year' was the MoFo post.

[jft310]

Oh well. Bonk knows all. LOL.