Market Cap of around 3 Billion - Prime Takeover Target

[Optionray]

To me, it seems we are a prime takeover target now, with the value of the XOM deal around 6 Billion(est) to IOC, can you think of any reason why someone wouldn't want to put in a low ball bid for all of IOC at around $105 a share.  Nothing to lose if the deal with XOM is solidifed.  Basically, they would get the company for free (after the deal wit XOM) plus all of the other prospects and refinery.   Seriously, can someone give a reason why it wouldn't be attractive for someone to put in the bid and see what happens?

Perhaps XOM wouldn't buy the gas from the company that took over and knowing that, TOT is reluctant because they know they would have to build their own processing plant. Any other ideas? I just don't get how the price can stay this low?

[Libtardius Maximus]

The price is this low due to the unknown which we can attribute to CA's. Why would somebody make an offer when they don't know what they are competing against?

When the CA's come off we will find out how bad someone wants IOC, not before.

[jft310]

If IOC wanted to sell the company they would have asked the bankers to do that! The idea for IOC is to survive and drill again another day