Tax Loss Selling Begins

[tarulestheday]

I also heard that Paulson is selling out. We could see $40s before year end.

I guess not all longs are willing to wait until 2018.

[admin]

I think the Total resource payment is arriving a little before that, Tarules. If you smear them out over the years from the payment until the LNG plant is operative the cash flow might very well be in OilSearch territory

[trans]

I also heard that Paulson is selling out. We could see $40s before year end.

I guess not all longs are willing to wait until 2018.

TA, I never wanted to see him in IOC.  He's like that, sometimes turns on a dime.   good riddance, imo

[tarulestheday]

TA, I never wanted to see him in IOC.  He's like that, sometimes turns on a dime.   good riddance, imo

Yep, I suspected he was also bailing on annoucement day since he had started to trim prior to that. I was hoping that he would work with others on taking the company private but apparently that does not look like it is in the cards.

Are you staying long here trans?

[trans]

TA, I never wanted to see him in IOC.  He's like that, sometimes turns on a dime.   good riddance, imo

Yep, I suspected he was also bailing on annoucement day since he had started to trim prior to that. I was hoping that he would work with others on taking the company private but apparently that does not look like it is in the cards.

Are you staying long here trans?

yes, and buying today.  My best guess is that the 50.90 fri low will hold and today may well be a reaction low to bounce off of.  ALL waterfall declines in IOC have been very good entry points.  Takes a while to consolidate, but 4-5 weeks out should be ready to emerge into another uptrend.  Usually 2-3 months out , IOC has been noticeably higher.....trans

[ltinvest]

2-3 months out we will receive $612 million and have drill bits spinning.

[Libtardius Maximus]

Buyer here as well. Botched rollout gets addressed imo. 46 cents mcf too good to pass up.