Posts: 254
Threads: 36
Joined: May 2015
Reputation:
29
Keep on saying.....Findlayson........The board’s skills complement the experience of our management team, who have revitalised the business and positioned us well for what lies ahead. The past year was volatile for commodities, particularly oil, and we witnessed one of the most severe oil price declines on record. (Would like to think it cannot get any worse). While our share price has been impacted along with all others in the sector, in practice what matters for InterOil is the development of longterm gas pricing in Asia, not the short-term oil price. Indeed the oil price correction has impacted contracted goods and services and we have benefited from this because service companies are having to compete much harder for our business. In the longer term, we are confident that prices will stabilise and that we will benefit from strong LNG demand in Asia. As the lowest cost project in the region we are extremely well placed under all likely price scenarios. Papua New Guinea is on the doorstep of the world’s biggest LNG market and is well placed to meet demand now that the success of the Exxon-led PNG LNG project has effectively de-risked Papua New Guinea as an LNG supplier.
Okay its round 6 of the 12 round bout. We have been pummeled to the mid section since the beginning of this odyssey, but its time for a counter punch. We need to win the next few rounds with discoveries at Tri and Wahoo. It would seem with Chandler and other large holders going by the wayside we actually diversify the ownership and get stronger. Chandler's high percentage was not in our best interest. Spread the ownership and the wealth.
Posts: 1,112
Threads: 88
Joined: Feb 2012
Reputation:
109
Chandler was a shark looking for opportunities. I would bet he significantly sold shares to shorts. If they did. It use FLNG he is likely upset and taking his ball to the playground down the street. In my estimation he is the proverbial scum bag. Time will tell...
Posts: 8,568
Threads: 1,342
Joined: Dec 2011
Reputation:
380
Morgan Stanley has limited this secondary to 5,000 new shares per account which agrees with Martini comments above about spreading the wealth and ownership .
Posts: 2,904
Threads: 58
Joined: Mar 2012
Reputation:
259
'ebster123' pid='60786' dateline='<a href="tel:1437442 Wrote:Chandler was a shark looking for opportunities. I would bet he significantly sold shares to shorts. If they did. It use FLNG he is likely upset and taking his ball to the playground down the street. In my estimation he is the proverbial scum bag. Time will tell...
Given the high praise Chandler was given on this board when he arrived, history suggests what you have written above is BS or worse. I'm wanting to know what the "or worse" might be.
Posts: 8,568
Threads: 1,342
Joined: Dec 2011
Reputation:
380
When Chandler bought into Interoil , Henry Aldorf, Phil M , Somare were all talking FLNG , use EMC modules . One of the reasons Chandler bought in was to influence the decision his way towards FLNG . Last few weeks it's clear there is no FLNG it will be at stick built plant in PM. Add in the drop in oil prices , China volatility, LNG price drop and Chandler pulled out . That desision should surprise no one . The monetization vehicle changed so he left with his monetization strategy .
Posts: 6,851
Threads: 697
Joined: Dec 2011
Reputation:
441
07-22-2015, 10:02 PM
(This post was last modified: 07-23-2015, 12:38 AM by Palm.)
Yeah I'd say a shark he is not. A shark would have cashed out long ago at higher prices. Chandler is obviously a very smart guy and he tends to invest with a social agenda. With IOC he liked the idea of modular and FLNG, and liked NG due to environmental factors. He was very active in the background and tried to steer things his way. But in the end it has taken waaaaaay too long and now energy (which he tends to like) has taken a hit on all fronts. At some point you need to get back to a financial decision. So he's pulled the plug.
IMO he's not a fan of big energy companies (had the balls to take on Gazprom head on in the board room to try and get reforms enacted) and he liked EWC's concept of being modular and being very involved with social programs for locals. Between the market and Total coming in he said, "See ya".
Use or flush
Posts: 2,904
Threads: 58
Joined: Mar 2012
Reputation:
259
'jft310' pid='60877' datel Wrote:When Chandler bought into Interoil , Henry Aldorf, Phil M , Somare were all talking FLNG , use EMC modules . One of the reasons Chandler bought in was to influence the decision his way towards FLNG . Last few weeks it's clear there is no FLNG it will be at stick built plant in PM. Add in the drop in oil prices , China volatility, LNG price drop and Chandler pulled out . That desision should surprise no one . The monetization vehicle changed so he left with his monetization strategy .
There has been no FLNG in IOC's future for several years now. Got another theory from somewhere else?
Posts: 2,904
Threads: 58
Joined: Mar 2012
Reputation:
259
The earliest hypothesis seems still to be the best. He saw a great opportunity but likely has been caught in the downdraft of energy and alternative energy stocks. That, or perhaps he and Wells objected to something going on at board level and voted confidence with their feet.
Posts: 2,623
Threads: 61
Joined: Dec 2011
Reputation:
225
I doubt FLNG has anything to do with it. It may be that, with China markets and oil prices, including the effects of oil on other companies as well as IOC along with the effects from Wells Fargo, and also debt or other requirements he might have, Chandler had liquidity pressures he had to meet; and it may be that IOC was more liquid than other sources. Perhaps he even thinks oil is going much lower. However, I have doubts about how "smart" he is being now if he sold much more IOC than he had to at these levels and this point in time.
Posts: 2,904
Threads: 58
Joined: Mar 2012
Reputation:
259
'Getitrt2' pid='60903' datel Wrote:I doubt FLNG has anything to do with it. It may be that, with China markets and oil prices, including the effects of oil on other companies as well as IOC along with the effects from Wells Fargo, and also debt or other requirements he might have, Chandler had liquidity pressures he had to meet; and it may be that IOC was more liquid than other sources. Perhaps he even thinks oil is going much lower. However, I have doubts about how "smart" he is being now if he sold much more IOC than he had to at these levels and this point in time.
I suppose you could say Chandler sold following a great Annual Report when there was a lot of rising interest in the stock, which was not a bad move if a move had to be made. The same might be said for Wells. Meanwhile we wait for that Wahoo strike...another reefer would be fine, thank you...to experience our next catalyst..
|
