I agree, Michael...The Total decision is now old news. And they would have to be complete idiots not to have tightened up the ship on drilling (learning the lessons of the recent past). And that pretty much puts them at the mercy of the macros going into the (as it turns out, partially because of the recent drilling problems) into the FAR future. (See the recent bonk post).
I like all the posters on this thread, but to be fair you have to admit that no-one really knows anything that is critical in defining the pps. The catastrophe that is today and Thursday of last week only serve to remind us we are still flying blind with this stock. Shame on me for getting suckered back in to Hession's clown car. I firmly believe that if he had signed the deal with Exxon instead of Total, we might be making significant money already. But then of course there is also Hession letting go Phil's drilling team. The one thing Phil's company was good at and Hession had to let them go and replace them with his own bumbling team.
well, today certainly supports your statement....It's just that I can remember a time when events (and even rumors seemed to have an immediate affect on the stock price. I also think I may be more impatient than most investors (not a good thing, I admit). I had hoped it would be a bit easier to hold and beat 60. But what is the saying? Good things come to those who wait? PS: thanks for the input
First, it is wonderful that on a day when almost all oil and gas stocks are down significantly, IOC moved up. Secondly, it is interesting that the seeking alpha headline that the" Breaking News" that just showed up from Seeking Alpha, that " InterOil, partners confirm Total's Elk-Antelope plan" has not caused IOC's stock price to go back to earlier highs for the day. I guess that means that the big investors already knew this info and in addition, that the small investors either were not influenced by it or are already maxed out and don't have additional funds to invest in IOC. My guess is that it is the timing thing, because. Anyway, I am just happy we are up in comparison to other oil/gas stocks. That is the opposite of what so often happened in the past. I think the short time movements are always fascinating even if virtually impossible to predict.
I know, MS, but I do find that calling him out for being such a jerk can be great fun. After all, he is such an easy target, because he is just so stupid.
Joe, Thanks for giving helpful advice to others (RG, in this case). Makes me just a bit more hopeful to see helpful people still populate the board. Wish I knew how these types of procedures worked. Maybe someday I'll have time to do my homework to truly understand them.
You know, Cooled, there has to be at least a couple of people on the board that decide for whatever reason to be Ah-wholes to others here. Best to just keep that side of yourself secret, because it says more about you than your target. Gerald is just being a decent guy who has been through the washing machine like the rest of us on IOC and is openly sharing his feelings and intentions. I congratulate him for his openness and honesty. He's one of the good guys here...never a disparaging word about others (in contrast to me...I always feel like I need to defend those that bullies like you criticize. Just go to SHU if you want whitewashed drivel.
Thanks for sharing the info/news. Nice to see someone on the board still doing their part to help their fellow IOC investors. Much appreciated.
You are such a moron!!! I got out long ago, then came back in when we got back up to around 55. The good news is that for the fist time this year, we actually have a chance to hold (& beat) 60. It is a new ball game, it seems. Maybe Hession won't blow it this time. Sounds like the drilling team may have learned some valuable lessons. As with most of the moderates hear, we have long trusted what's in the ground in IOC's licenses.