5 thoughts on “Macquarie on InterOil”

  1. Wow, very detailed report! Looking forward to getting into the numbers & seeing why their valuation is lower than MS.

    Thanks for posting all of these reports, it is such a great resource!

  2. Thanks for posting STP. That was quite a comprehensive report to say the least.

    Something I found interesting, and is quite different from Calio’s analysis, was the math that Mitsui was really paying $275M for 2.5% of Elk/Ant. IMO, they fail to account for the other $275M that Mitsui must spend on the CSP and tranfer the ownership to Interoil.

    Regardless…a vey good read.

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