Here’s an article that just appeared in Australia Financial Review a few days ago; it went unnoticed, but it would be a big deal if true. This could be a very big positive catalyst for IOC. A double listing in Sydney with LNG on fire and Australian investors scrambling to find compelling LNG investments in the country could catapult IOC much higher. It’s not like the old days when InterOil was listed in Sydney, as LNG was much more nascent back then and InterOil didn’t even have a resource in those days. Today, Oil Search is the energy darling of Australia. It trades at a $10 billion market cap and doesn't have as much gas as IOC or as good a license position. If InterOil were listed in Australia today, it would attract significant additional buying interest and sell-side coverage. This would be a brilliant move by Hession, especially after the Exxon deal is announced. I've believed since the discovery of Antelope that InterOil's stock could be 50 - 100% higher if it were listed in Australia since investors there are so much more familiar with the value of natural gas resources that can be exported to Asia. Also, they are very familiar with Hession and his achievements at Woodside.
InterOil weighs double listing in Sydney
PUBLISHED: 23 Aug 2013 00:33:06 | UPDATED: 23 Aug 2013 00:33:06PUBLISHED: 23 Aug 2013 PRINT EDITION: 23 Aug 2013
Eight years after the $3 billion-plus Canadian energy explorer InterOil exited from the Australian Stock Exchange there are rumblings the company is mulling a return to the region…. (I don't have the rest of the article -- it's subscription only)
Looks like hollow bluff to me in an attempt to get us longs excited and wet for no good reason, to keep that candle of hope alive that IOC has a great future.
A futile pump attempt is all it is if you ask me. We need a deal to save us. Such substitutes won't help much me thinks
"A big positive catalyst"
"Australian investors scrambling to find compelling investments",
"catapult IOC much higher"
"attract significant additional buying"
"STOCK COULD BE 50 -100% HIGHER IF IT WERE LISTED IN AUSTRALIA"
This is hyperbole beyond embarrassing. You are making a fool out of yourself, something that gives me no pleasure in pointing out.
The only thing that is going to move this stock higher is a REAL DEAL.
I sometimes wonder if you are actually short and just keep pumping nonsense so that the entire long thesis loses credibility and we all sell.