InterOil Corporation Message Board
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Game Over!
Several binding bids have been received! At ~$0.50 per mcf without Triceratops and closer to $0.25 per mcf with Triceratops fully developed this year, the stock could literally double or even triple in the next couple of weeks as the winning bid is selected and disclosed. Today's press release will be the final straw that breaks the back of the shorts, and I expect significant covering and new buying today. With confirmed binding bids, the last of the shorts' hope has just been extinguished.
Sentiment: Strong Buy
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Just wondering why there are over 90,000 Mar. calls at the ask, for strikes at 120 or above????
Sentiment: Strong Buy
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on top
- 1 Reply to lee.becky15
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Bump this! Ha!!
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Strong game winner.
Sentiment: Strong Buy
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agreed....up 5.23 in pre-market.
****** I gave ample warning each day!******** -
Now we try to second guess the game of poker that partnering companies have played. They will want to bid as low as possible, of course, but they will all be aware that other bids may trump them, so what $/mcf do you submit?
I think we may be pleasantly surprised as there is a lot of money behind these powerhouse companies/consortia and they will not want to be the loser in this process.
The resource is just too valuable and too close to market for them not to win.
It will be an interesting month until a partner is announced.Sentiment: Strong Buy
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I've seen 3 press releases on yahoo that just announce the end of the bidding and the March meetings between IOC and it's advisors. I hope IOC has more to come.
edSentiment: Strong Buy
- 1 Reply to edsilverstreak
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It appears that the releases did mention that several bids were received. The ah climb in the pps is confirming that the market is pleased with the process.
edSentiment: Strong Buy
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very nice..but now i'd like to know how much those bidders are willing to pay...and than bingo the shorts will burn
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