White Smoke

[Gator]

The Morgan Stanley report is the white smoke from the Vatican.  We might not know who the new pope is, but the College of Cardinals has finalized the selection.  The crowds are starting to assemble (in this case in PNG).  More news shortly (sorry shorty).

[Tree]

The Morgan Stanley report is the white smoke from the Vatican.  We might not know who the new pope is, but the College of Cardinals has finalized the selection.  The crowds are starting to assemble (in this case in PNG).  More news shortly (sorry shorty).

But Gator, the 'Street View' is this:  Unlikely to attract partner and, if so, the value of “stranded gas” is $0.30-0.80/Mcfe. Recent Mozambique sales cited as precedents.

Are you a closet criminal PUMPER!!??!!

[Gator]

But Tree hugger XOM $19 BILLION investment makes it no longer stranded. BTW did any of the street shorts figure out what the value of the condensates are?  They calculated what IOC owed when the plug was pulled with Mitsui, but what are the value of the condensates?

[Tree]

But Gator Jail Bait, The 'Street View' is this: "Unlikely, as IOC has been running a sell-down process for 2+ years. Why would a partner pay $1.25+/Mcfe when stock implies $0.71/Mcfe?"

Wet gas or not, why pay more/mcfe?