the 17t's is essentially worthless, hession will get very little.the bigs don't pay big money for prospects that only hve drilled few wells. They got big for a reason. EA is the only value now. and u can bet your bottom dollar totals estimate will be lowball.
$100 is a pipe dream. Shu should lay off the craxk pipe. Will oil and ng in the toilet and lots ot distressed companies, nobody will pay over $70..IOC is tainted. IB's can shop all day, IOC wont be sold. Its another bogus rumor. Hession's skewed vision will lead us down the rabbit hole
TA id be willing to bet that the total bid was a better than XOM. MS is the only poster that seems to feel xom was sweeter. Hession was stuck between a rock and a hard place. The govt was prepared to put the licenceses out for bid, destroying IOC. The PPS sucks. Their communication sucks. given tge country/political risk im was happy total stepped up. XOM paved the was.
Its a lousy stock and most likely will stay that way fo5 4 years.. I have a strong feeling the #$%$ got fed up with phill and totaltal may have been the only game in town
I don't fret over ioc anymore. My position is small It might work out. it might not.But make no mistake phil backed hessioni nto a corner/ Phil was mies away from monetixing. His hubris is laughable in hindsight.
Hession and mgmt should buy stock. and list on the aussie exchange and singapore. And hire a competents roadshow guy with connections in O/and G EXPERIENCE.
I agree TA. There will be one or 2 more massive short ttacks...therebis plently of stock to borror. If IOC hits 70 watch for a 5 million share crush dayl