% | $
Quotes you view appear here for quick access.

InterOil Corporation Message Board

  • pickboone pickboone Aug 19, 2013 11:55 AM Flag

    Hession comments to top shareholders today

    Michael Hession had calls with some top shareholders today, and I was lucky to have caught up with one of them. The key takeaways are:

    - Hession seemed like he was in total control of the deal process and feels very comfortable with where it's headed. He's closed 3 major LNG transactions in less than 24 months (all multibillion dollars) and could not have sounded more positive about how this one is coming together with XOM.

    - The exclusivity lapse and credit line seem to be ways of ensuring the deal gets done asap

    - Exxon does not want IOC's stock to fall further as it fears a takout offer from another major spoiling this deal, which it absolutely needs.

    Expect a big next few weeks for the stock! Feels like we're extremely close, maybe days...

    Sentiment: Strong Buy

    SortNewest  |  Oldest  |  Most Replied Expand all replies
49.75-0.01(-0.02%)Oct 21 4:02 PMEDT