How long is a bidding war?

[Spartina]

How much time will we have between when the ipi deal is done and Total signs the papers and pays up in Q1??? 6 weeks , 8 weeks? According to  the good Dr. in the last cc he was being very conservative when he said the ipi will be done in (by) Jan.  According to info from the road show Total is doing back flips they are so excited about this deal - apparently they wouldn't let IOC out of Paris to negotiate with Shell they wanted the deal so badly.

IOC will for the first time ever have the largest % ownership in it's history for this period of time.  What super major wouldn't be lining up and licking it's chops for a chance to buy the whole enchillada here??

[Stavros]

Interesting information on Total's actions during the negotiations Spartina.

If I were in Total's shoes I also would have kept IOC away from Shell ... the deal favors Total to the point that it is akin to IOC paying a ransome to release the hostages.

Let the bidding war begin between the three apparent suitors.

The only thing that can prevent it is for IOC to procrastinate/ delay the IPI deal on purpose and finalize it just before the deal with Total is signed.

Frankly speaking, absent a takeover in the coming two months to rescue shareholders, I wouldn't be surprised to see a groundswell in favor of a Class Action Suit. If that happens I'll gladly listen to the arguments for such a legal action and join if it makes sense.

[jft310]

Interesting information on Total's actions during the negotiations Spartina. If I were in Total's shoes I also would have kept IOC away from Shell ... the deal favors Total to the point that it is akin to IOC paying a ransome to release the hostages. Let the bidding war begin between the three apparent suitors. The only thing that can prevent it is for IOC to procrastinate/ delay the IPI deal on purpose and finalize it just before the deal with Total is signed. Frankly speaking, absent a takeover in the coming two months to rescue shareholders, I wouldn't be surprised to see a groundswell in favor of a Class Action Suit. If that happens I'll gladly listen to the arguments for such a legal action and join if it makes sense.

buying calls is gambling does Vegas give your Money back when you gamble?

if you are long stock which I know you are then it's a short wait till deal closing and 4-6 rigs drilling ahead

actually IOC has a great deal.  Higher price per mcf would have meant a lower LNG partication rate.

Exxon was maybe 10 percent and Total was 30 percent for an LNG participation right. That LNG deal has been signed per the

dec 6th press release.

heres the proof

a 10 percent interest would have yielded $500 million per year for IOC for  20-30 years with Exxon

a 30 percent interest will yield $1.5 billion per year for 20-30 years

so that's a difference of $ 1 billion per year for 20-30 years

you of all persons knows these differences and can calculate the NPV

to think IOC will not on all their properties find enough gas for a two train LNG plant would be naive

[TomCrooz]

Interesting information on Total's actions during the negotiations Spartina. If I were in Total's shoes I also would have kept IOC away from Shell ... the deal favors Total to the point that it is akin to IOC paying a ransome to release the hostages. Let the bidding war begin between the three apparent suitors. The only thing that can prevent it is for IOC to procrastinate/ delay the IPI deal on purpose and finalize it just before the deal with Total is signed. Frankly speaking, absent a takeover in the coming two months to rescue shareholders, I wouldn't be surprised to see a groundswell in favor of a Class Action Suit. If that happens I'll gladly listen to the arguments for such a legal action and join if it makes sense.

Almost any time there is a stock price drop of this magnitude, it will bring out the legal rats in droves.  They make all the money and the shareholders get discount Big Mac coupons.  Like nobody was ever warned of the pitfalls of investing in highly speculative exploration companies.  I am not happy, but refuse let these scum profit by joining any type of class action.  Just like I will never short a company no matter how sure I am that the stock price is going to fall.

[tarulestheday]

 Frankly speaking, absent a takeover in the coming two months to rescue shareholders, I wouldn't be surprised to see a groundswell in favor of a Class Action Suit. If that happens I'll gladly listen to the arguments for such a legal action and join if it makes sense.

I am hearing lots of chatter about class action suits in the last week or so. I hear that they are waiting for the IPI dilution details. The shorts are setting up to short and carpet bomb the stock on that announcement. Their goal is to drive IOC into the $30s which will then trigger numerous class action suits.

Ironic that the company didn't want to spend legal $$ on battling short manipulation but will end up spending probably more $$ battling class action suits from longs.

I agree with TomCrooz. Class action suits are merely greasing filthy lawyers. The longs will gain little or nothing.

[Spartina]

Absolutely agree lawsuits would be foolish and counterproductive.

[Libtardius Maximus]

I'm scratching my head trying to figure out why some longs would bite on class action chatter which is best left to the sentiment of tarules and crooz. I am as disappointed as anyone with the current outcome of pps but I think focusing on a class action lawsuit plays right into the shorts wheelhouse. While I have no doubt the IPI will be spun as negative by the narrative carrying short crew all one has to do is see the last SA piece dated two days ago and look for mention of "dilution". Yes that is this weeks talking point boys and girls while shorts push for their year end bonus at your expense.

What we have here is disappointment by all since we are now 12-24 months out for true value due to a botched rollout that was supposed to be sold as 1.29mcf of 9T's minimum, drilling funded across new prospects and 30% on the back end. Instead, we get 60 cents and class action lawsuit chatter while Interactive Brokers show no shares available to short for the second time in three days.