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
Come on MS.. Are you trying to be reasonable and have an intelligent conversation on this board? You have been around here too long to know that this is a "cult" stock It can do no wrong.. They will announce NOTHING on the cc except the discussions are ongoing. It will be dragged out until they dilute shares and do the same thing over and over again for another 5 years. Their time will come though.. I am sure. In the meantime, they'll pay off the pliticians there to keep their "licenses" the stock price will remain the same. I have to give them credit that they have been able to keep this scam going this long.
oil and gas-
InterOil isn't completely dependent on ExxonMobil, though. French energy company Total (NYSE: TOT ) has explored for oil and gas in Papua New Guinea and might be interested in buying InterOil's assets. Moreover, Total could help InterOil move forward with its LNG plant if they agreed to work together.
In the InterOil earnings report, watch to see how the company describes the status of its talks. Finalizing a deal could send the stock soaring, but it's unclear how much longer investors will be willing to wait before seeing progress.
"Too Much Invested To Quit" is the old addage. Looks to me that some of us have reached our snapping point with IOC.
I am in it for 1 year and have been very frustrated. What's another 1 or 5 months of waiting