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06-04-2013, 07:40 AM
(This post was last modified: 06-04-2013, 07:41 AM by Getitrt2.)
IMO this is a false statement and a post that is worse than worthless.
Is this serious or a bad joke?
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You're forgetting this isn't selling lemonade, Steve. Not a very useful analogy. THey're dealing with IB's lawyers, government, Exxon. This isn't something you do on a Saturday afternoon. You'll just have to be patient, and you might want to re-read what Westlake had to say about the situation.
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STP, I agree this is not a lemonade stand but one must agree that while this can not all occur in a Sataurday afternoon it should be ale to happen in 2 years of Sataurday afternoons. I know there are other prospects to develope that can increase value but every company has to decide a point to seal a deal. I am long but would also say no matter what the deal is it has taken much much much longer than any of us had expected.
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Hurrying them up, insofar as it has any influence at all, is likely to be negative. Unfortunately it is the case that putting complex LNG deals together works on a different time scale than the stock market or expiring options. You simply have to deal with that as there is nothing we can do to speed up the process, and venting frustration here, although I do understand it to some extent, isn't helpful either. It doesn't change the situation and it detracts from the forum.
Keep in mind that the Russians and Chinese have been negotiating a gas deal for years without reaching an agreement, and that there are lots of things about the complexity of these deals that few of us really understand.
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good points... all well taken. Just that I am sick of seeing the RED minus for the day... thank goodness I did sell 575 that I bought at 68 and sold at 86. But now I am long again at 82 at 1000 shares and it bothers me. I am sure this is nothing compared to the rest of this board. PEACE. Still long and strong though. Just frustrated.
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06-04-2013, 08:39 AM
(This post was last modified: 06-04-2013, 11:12 AM by ArtM72.)
I would hasten to add that anybody who thinks IOC of 1998, 2008 and 2013 is the same company is mistaken. While management until just recently has been the same, they have very, very different resource bases. I would argue that IOC was reborn in December 2009 with the Antelope discovery confirmation. That this happened in the midst of a severe world economic depression did not facilitate the young company's growth.
Patience here is likely virtue.
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Well said STP. And if people didn't use the spike to $107 to trim a bit and now buy back in at lower levels, management is not to blame. IOC is a trader's dream. That PR that came out was not something that would sustain pps; perfect time to trim. Per WA IOC wanted to say more in the PR but Exxon had to agree to it, which they did not. Management can only do and say so much right now. As you say, people need to go read how complex and time-consuming these agreements are and understand that PNG must give final blessing. However Oneill and the Cabinet have expressed their excitement with the discussions with Exxon. That's a VERY positive sign.
