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  • edsilverstreak edsilverstreak Jan 17, 2013 10:42 AM Flag

    I'm almost done

    Good one bull, but I can understand their frustration. I've owned IOC since late 2007 and experienced a rollercoaster ride with regards to the pps movement and the many press releases and articles written. I will stick with them till they announce their/our deal. I know everyone is weary of hearing the same rhetoric with regards to a deal/deals, but the facts regarding the resources make an undisputable statement as to the intrinsic value of IOC. The price may be temporarily pegged at $60, but that WILL take a huge jump upward upon an announcement.
    ed

    Sentiment: Strong Buy

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    • Two ways you can approach the current IOC situation:

      1) you embrace IOC management's numerous rookie mistakes and realize the PPS is as cheap as it is, despite the asset's size, due to their missteps and take advantage of it via accumulation.

      Or,

      2) just get frustrated and angry and sell out with a small profit or loss and never look back.

      Nothing is guaranteed. But I choose to view this investment as extremely cheap and think eventually they'll create value much higher than current levels.

      Sentiment: Hold

    • See, Ed, that is false thinking. It all depends on the terms of the deal, and keep in mind that IOC has a current enterprise value of $3 billion. That is in today's dollars. So, whatever deal may or may not be announced has to have future cash flows to the company that will exceed $3 billion in today's dollars. As Bonk has discussed extensively, comparable transactions, cash flows, and valuations contradict this assertion. In other words, you should be prepared for the potential announcement of a "deal" and a stock that may decline...and decline sharply. It might not move at all. And perhaps it will increase, though I am banking that this does not happen even if they announce this deal you are counting on.

    • I understand the frustration too Ed. But as you know patience and discipline win the game. The PNG Industry News article was huge, but mostly ignored as the high frequency hedge funds try and unwind their positions

      Sentiment: Strong Buy

    • It's not "rhetoric", but bold faced lies.

      Every "deal" that's been announced only causes the PPS to fall further.

 
IOC
46.87+0.14(+0.30%)May 27 4:02 PMEDT