Talking about IOC at $60, $70 or $80 is not the point.
This is a binary situation. If IOC completes a partial sell-down at anything over $1.50/mcf, the stock will immediately go $125++. Look at ticker LNG. That stock is up 400% in the last 6 weeks. Yup...+400%!!!!! IOC should have even a bigger move on a completed sell-down deal.
If the sell-down is done at $2.50/mcf, the stock is going to $200++ quickly.
Let's not lose perspective...if IOC executes, we are going to see a monster upside move to $125 - $200+++.
All of the call volume should be telling you something.
You are saying exactly what i have been for years , but coming from you it sounds so natural.
Thank you great post , needless to say i agree albeit your numbers are a bit to low . Everyone forgets what Ken likes to call Light crude Oil or condensates worth more then Oil its self, the refinery and the huge unexplored acres IOC has
The fuse is lit (swissfinacier)is well put I think, Phil himself will not sell under 500. I know at least two industry related types that will retire on 1000 .
I was raised on the story of "had you invested in MacD or IBM" etc you would be a multi-millionair, I think IOC will have the same legacy
was commenting about LNG (Chaneire Energy) when it busted north just not long ago..Not even four weeks..Maybe three I am thinking, but what's a week..Saw it approaching 13 yesterday..Havn't checked today, but agree totally with what you say..