Seems more members bash IOC on s h u these days than here on yahoo. Gotta ask yourself if supporting s h u is even worth it anymore.
Sentiment: Strong Buy
Meaningless 6,000 shares so far and down. Our Thanksgiving present is next Thanksgiving. The whole picture should be a lot clearer and much of the nonsense both ways here will be understood.
Total is going to delay paying the certification payment, and the IOC management already knows this. A6 and A7 will be used as reasons for the delay rather than the true reason: IOC management being completely inept and committing IOC to an agreement in which only Total had any flexibility.
Pretty much demonstrated by today and many other days that for the most part our little IOC is heavily impacted by the direction of oil and the depression in this sector. Only a few more political and terrorism attacks along with Saudi capitulation in the marketplace and the direction will start the new cycle higher.
You are making an assumption that Total will pay immediately upon certification when there exists an economic climate that discourages this, when there is a signed SPA that provides ZERO penalty for delaying or defaulting on the certification payment, and when there is a IOC BOD and executive management that are best served personally by processes that continue these uncertainties rather than actions that conclude them.
Total can easily delay the certification payment, and have exactly nothing to fear if they do. Quite to the contrary, Total have everything to gain by deferring or defaulting on the certification payment.
As for IOC having monetized the SPA already, well that is total BS. Sure IOC got a signing payment, but that is gone, long gone.
The most positive thing that IOC can do is ditch their executives and get a management team that put the company before their own bank accounts. IOC is not competing with the rest of the industry, because they don't have a product on the market.
Yeah, look at the PPS graph, the market can hear them, and the market is not impressed.
IR actively promoting highlights from last cc via media friendly outlet. It's IOC's version of can you hear me now? Second tranny is coming.
Maybe the price of oil is down from the days of old? Because of all majors are down from the days of old? No one is trading on their highs, are they? Maybe the shorts whacked the #$%$ out of it a long time ago and keep it suppressed? Maybe Phil could really talk it up? Maybe the good Dr can't? Maybe the market knows it's going to take a very long time before the big money comes in? Hell I really DON'T KNOW. It will come back!
Sentiment: Strong Buy