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InterOil Corporation Message Board

  • mspieks mspieks Nov 8, 2013 5:55 PM Flag

    Motly Fool opinion

    I happen to think they're right on.
    Four years of unfulfilled promises and countless reasons for delays.
    During a generational uptick in the general markets, IOC pps has done nothing.
    Some here have voiced their frustrations, including me.
    Time to get the Deal done IOC!!!!

    Will InterOil's Deal With ExxonMobil Ever Happen?
    by Dan Caplinger, The Motley Fool Nov 8th 2013 11:30AM
    Updated Nov 8th 2013 11:32AM
    InterOil will release its quarterly report on Monday, and investors have grown increasingly impatient with the energy exploration company in recent months. With most shareholders expecting the company to come to a deal with oil and gas giant ExxonMobil to help InterOil cash in on its extensive natural gas reserves in Papua New Guinea, progress has been slow, and investors have to weigh the possibility that a deal with Exxon might never happen.
    Investors have stuck by InterOil for so long because of the size of its Papua New Guinea assets, which have the potential to serve the energy needs of nearby China, India, and other Asian markets. But while many believed that the key to success was finding a way to move forward with its planned liquefied natural gas project, InterOil has changed gears and now appears to be relying more on Exxon for its sales strategy. Let's take an early look at what's been happening with InterOil over the past quarter and what we're likely to see in its report.
    Will InterOil earnings recover without ExxonMobil?
    Analysts have gotten a lot less optimistic in recent months about InterOil earnings, more than doubling their 2013 loss estimates and now expecting a loss in 2014 as well. The stock has struggled as well, falling 22% since early August.
    Much of that decline came in August, when the company gave investors somewhat of a surprise in its earnings report. A bigger-than-expected loss weighed on InterOil's stock, but that paled in comparison to the strategic shifts that the company said it was contemplating. With new CEO Michael Hession

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