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InterOil Corporation Message Board

  • pickboone pickboone Mar 14, 2013 2:44 PM Flag

    Exxon & Total

    Three years of massive resource growth, a rise in LNG prices and a stagnant stock set up a coiled spring that a deal with a major, which is an exceedingly likely outcome, will unlock in one fell swoop. With the BOD meeting rumored to have happened last weekend, I think that literally any day over the next several weeks will bring a transformational announcement that will cause the coiled spring to erupt. Notice that the volume is low without manipulation like yesterday's shenanigans. The shorts were hoping for an exit to drain at least some of their 13 million share position, but the clock is just ticking too quickly and they're now stuck. Every attempt to crush the stock is met with accumulation and the path of least resistance is up.

    Sentiment: Strong Buy

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