So far, it has held up well..
You have to move down a bit because the graph interferes with other parts of the website..
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IOC is bumping against the 200 day moving average and it’s shares are in an ever so slight down-trend channel. The lower edge of that channel now sits on the 200 day moving average as well, and we’ve bumped off it a couple of times already.
From a fundamental standpoint these shares are cheap, being below even Morgan Stanley’s $60 bear case, so none of the possible catalysts are priced in yet.
We don’t think management can give us any firm timeline for these:
- As to not complicate negotiations with interested parties
- Not to give too firm a clue for options market players.
One day, we will just wake up with a strategic on board and we feel (and we’re not the only ones) that this hasn’t been priced in at all…
Excellent commentary,again.
janine how about some help on the drilling?
What is hapening today?? $ 51,- this with a MS bear case of $60,-!!
IOC hasn’t traded on its fundamental value for quite a while although $51 is crazy stupid.
Dont speak to soon…. and if the DST results on the horizontal leg come out negative, just wait for an even lower dip in shower price……Debbie downer…. however let it be your gain, GLJ confirmed proven reserves, once 3rd party deal(s) are signed this stock will soar. It was up 10% on pre-trading when the preliminary agreement with Mitsui was released, then cooled down as the market viewed it as a negative that it wasnt a FULL deal…..sucks now but we will be re-warded here soon
Janine any news? We could sure use a little encouragement, thanks Harry
Harry: Very encouraged by the porosity levels during the current drilling. Drilling into the limestone,DST maybe late next week.Don’t forget why you bought the stock in the first place.Nothing has changed to the negative, I think we are all in for a nice treat soon.Smile.
Thanks Janine once again. Hope to meet you one day to shake your hand and thank you personally. Until then, Carpe Diem. Harry.