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InterOil Corporation Message Board

  • squeezefinder squeezefinder Feb 8, 2013 1:33 PM Flag

    Shell

    Will they go hostile next week on IOC? Options market sending a signal with vol spiking.

    Sentiment: Strong Buy

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    • I was discussing this same cause for the uptrend with another long this AM. It is certainly possible, and Shell may well know the state of bidding through its association with Petromin. I mean by that if Petromin knows, Shell would almost certainly know. And Shell alone of SMs, we think, has never signed a CA, so is thus also not bound to "standing still" agreements on stock purchases.

      If I were running Shell M&A, I'd make a hostile offer before the bids are finalized, or certainly before winning bids are recognized, to avoid claims by the bidders of "tortious interference" resulting from a hostile buyout after the fact. Remember Gulf and Texaco, the lawsuit that killed Texaco in a Houston courtroom? Just my 2 cents.

      OTOH Shell is noted for disruptive behavior, brinksmanship, and foolish timing. Early March may yield all sorts of surprises. Stay tuned.

    • Shell should know better than any one of the bidders what the assets offer... and they were negotiating last summer until the talks broke down. So they want this resource!! I have no doubt they'll make another run at IOC very very soon.

      Sentiment: Strong Buy

 
IOC
37.61+0.01(+0.03%)Jan 30 4:02 PMEST

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