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InterOil Corporation Message Board

bonkthegrups 58 posts  |  Last Activity: Jul 23, 2014 12:44 PM Member since: Oct 26, 2009
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  • I'm surprised y'all ain't accusin' Hession of being a short yet.

    Sentiment: Strong Sell

  • bonkthegrups bonkthegrups Jun 23, 2014 1:23 PM Flag

    The only thing leaking out this morning was the fudge from Kenny's lederhosen.

    Sorry just had to get than in before avi does. :)

    Sentiment: Sell

  • Reply to

    PATENTS ARE VALID; NEW TRIAL PENDING

    by hopefulparker Jun 23, 2014 10:34 AM
    bonkthegrups bonkthegrups Jun 23, 2014 10:37 AM Flag

    "but let's focus on the fact that the patents are valid"

    You are assuming these same clowns survive the IPR process challenging validity with the USPTO's expert panel. Good luck with that....

  • What do you expect?

    Those who ignored Parkervision's history and completely dismissed the lies and and utter failure perhaps now can see why "the past" is relevant when the same jokers are at the helm.

    What is bizarre to me is why someone would have held PRKR at a $500 million valuation, with risk of this happening, but also appeal risk, and future burn, fees to lawyers, etc etc. - it was priced as if they had already one 3 or 4 of these judgements and the only had 0.5 of one in the bag.

    My advice would be to use it as valuable tuition. Or perhaps blame "the shorts' for bribing the judge?

  • Reply to

    Incentive for Dr. Hession

    by tooocents Jun 21, 2014 10:29 AM
    bonkthegrups bonkthegrups Jun 21, 2014 10:25 PM Flag

    Wow that's exactly 5 months of base salary for Hession.

  • Reply to

    Update

    by moose1960 Jun 19, 2014 10:59 AM
    bonkthegrups bonkthegrups Jun 19, 2014 4:46 PM Flag

    "When IOC shares rise it's "Short covering and accumulation" and when the PPS drops it's always "Manipulation and game playing""

    Come on, Mouse. You and I both know there are lots of other reasons why IOC's PPS drops:

    "The option MM trying to make those calls expire worthless on OE"

    "Shorts lobbing the same 100 shares back and forth, walking down the price"

    "Naked shorting out of dark pools"

    "Naked shorting in the dark pools"

    "Dark pool anything"

    "Shell shorting so their buyout offer will be cheaper"

    "Exxon and Oil Search desperate to short IOC so they can deliver gas next month that they don't have" (do they all have to be so logical?)

    "Whitney Tilson desperate to cover"

    "Short shorting to keep the price down so they can cover. They cover their short by shorting more. One short shorts to keep the price down while their buddy covers, then they switch and the other one does it"

    "It's just the option MM delta-hedging from all the call buying. Very bullish"

    "It's just the option MM delta-hedging from all the put selling. Very bullish"

    "Shorts know about the oil and are desperate to cap the stock when the news hits. Because the shorts that are dumb suddenly are smart and know everything"

    "Desperate hedge funds painting the tape to hide their losses"

    There might be one or two more.

    Sentiment: Hold

  • Reply to

    Advice for Dr. Hession

    by bonkthegrups Jun 17, 2014 9:05 AM
    bonkthegrups bonkthegrups Jun 17, 2014 11:04 AM Flag

    I saw an Arby's sign reflected in Kenny's sunglasses.

  • bonkthegrups by bonkthegrups Jun 17, 2014 9:05 AM Flag

    I wear my sunglasses at night
    So I can, So I can
    Watch you weave then breathe your story lines
    And I wear my sunglasses at night
    So I can, So I can
    Keep track of the visions in my eyes

    While, she's deceiving me,
    It cuts my security (has)
    she got control of me
    I turn to her and say

    Don't switch the blade on the guy in shades; oh no
    Don't masquerade with the guy in shades;
    (oh no) (I can't believe it)
    You got it made with the guy in shades; oh no

    I wear my sunglasses at night
    So I can, So I can
    Forget my name while you collect your claim
    And I wear my sunglasses at night
    So I can, So I can
    See the light that's right before my eyes

    While she's deceiving me,
    she cuts my security (has)
    She got control of me
    I turn to her and say

    Don't switch the blade on the guy in shades (oh no)
    Don't masquerade with the guy in shades
    (oh no) (I can't believe it)
    (cuz) You got it made with the guy in shades (oh no)

    While she's deceiving me,
    she cuts my security (has)
    She got control of me
    I turn to her and say

    Don't switch the blade on the guy in shades (oh no)
    Don't masquerade with the guy in shades
    (oh no) (I can't believe it)
    don't be afraid of the guy in shades
    (oh No) (It can't escape you)
    (cus) You got it made with the guy in shades (oh no)

    I said
    I wear my sunglasses at night
    I wear my sunglasses at night
    I wear my sunglasses at night

    I say to ya now
    I wear my sunglasses at night
    I wear my sunglasses at night
    I wear my sunglasses at night

    I cry to you
    I wear my sunglasses at night
    I wear my sunglasses at night

  • bonkthegrups by bonkthegrups Jun 16, 2014 5:41 PM Flag

    Wow. Have a few more beers Tusker.

  • Reply to

    Hession

    by mspieks Jun 5, 2014 12:10 PM
    bonkthegrups bonkthegrups Jun 5, 2014 3:34 PM Flag

    I agree also. The reality is without a deal IOC was overhyped and overvalued given the stage it was at. If IOC was $50 pre-deal, $60 post-deal, and $65 now folks would be cooing about the solid steady progress on the business front (Total deal in the bag, closed on cash, drill bit turning, etc.)

    It would be better to see the share price depressed and they be surprised (potentially) with drilling results. However I fear with the price creeping up again it may follow the old pattern of selling off on "good" results, and getting hammered on a dry or funky hole. My gut is a dry hole sends it back to $50 pretty quick. The upside is of course "unlimited" as maybe there are more Antelopes about to be found.

    Seems like that $400M or so they got from Total is getting blown pretty darn quick so hopefully they find something.

    Good luck.

    P.S. no position

  • Reply to

    Finally some good IOC news

    by tarulestheday May 27, 2014 3:09 PM
    bonkthegrups bonkthegrups May 27, 2014 8:16 PM Flag

    Give it up moose. They are on to our grift. See you at Tilson's this weekend.

  • Reply to

    Natural Behavior!

    by tedfio1 May 21, 2014 4:12 PM
    bonkthegrups bonkthegrups May 22, 2014 2:43 PM Flag

    Coolaid,

    It sounds to me that Moose simply "believes" that making money is good, losing money is bad, and missing out on a generational bull market is bad.

    Bonk

    P.S. thank goodness spring is here and what's left of the deer population can eat.

    Sentiment: Hold

  • bonkthegrups by bonkthegrups May 22, 2014 2:40 PM Flag

    How about using some of you $100,000 per month of base salary to buy some of the "cheap" IOC stock?

    Think about it - for two months' salary you could double the amount of equity you have.

    Just sayin...

    Sentiment: Hold

  • Reply to

    The JVOA and IOC's ownership of the LNG project

    by mspieks May 17, 2014 1:32 PM
    bonkthegrups bonkthegrups May 17, 2014 9:37 PM Flag

    It's a good point MS. Indeed it is an important document, and indeed we are in the dark on it.

    My guess is IOC will be able to participate at some level (I doubt it's just a simple % of PRL 15 - as other PRLs etc may come into play.

    Buffoons like Kenny make it sound like IOC will just be handed 30% of an LNG project. The reality is whatever slice they are offered they will have to fund. It will only be accretive to the extent that the return on investment exceeds IOC's own cost of capital (which is rather high). So I view it as a potential valuable real option but nothing significant at this stage.

    It looks like Helicopter Hession wants to swing for the fences and blow all the cash on drilling. That is a high risk proposition with the potential for high reward but they could also end up wasting all the money and be faced with having to fund a share of an LNG project.

    I don't fault them at all though - IOC without the hope of drilling sugar plums is like Kenny in size medium lederhosen - just doesn't fit.

    IOC could go up from here or down. At least now it will be for good ol' fashioned reasons like fundamentals, drilling results, etc. Hard to handicap. I do like what I see so far from new management. Even little things like moving the AGM to New York sends the right message.

  • bonkthegrups by bonkthegrups May 16, 2014 1:54 PM Flag

    I read some folks lamenting the fact that Hession shafted IOC shareholders because he sold "the gas" at "only" $0.80 per mcf.

    The number is much lower.

    The first 3.5 TCF was sold for the completion payment only + first cargo + . On an undiscounted basis (e.g. assuming the LNG first cargo payment happens today) this is simply ($401M+$73M +$65M) / (3500 * 40.1%) which is about 38 centers per mcf. That is all they will ever get for the first 3.5 TCF.

    Then they get 60 cents for only the amount between 3.5 TCF and 5.4 TCF.

    Then they get 80 cents for only the amount between 5.4 TCF and 6.5 TCF

    Then $1.00 on the increment over that.

    You can divide all the above by .775 or so to look at it net of the gov't back in.

    On a blended basis, assuming 100% chance of FID, using a simple PV10 (discounting payments at 10%) I get the following depending on the certification number:

    3.5 TCF = 33 cents (0.42 cents net of back-in)
    5.4 TCF = 38 cents (0.48 net)
    6.5 TCF = 43 cents (0.55 net)
    7.3 TCF (above the 7.1 TCF GCA # and that used by IOC in financials) = 47 cents (61 net)
    Even 9.9 TCF = 57 cents (0.74 net)

    Having said all of that, it was a market deal IMHO and Hesssion did a good job closing it. For years I said if IOC got a deal it would be in the 40-50 cent range and that's exactly where it came in. Don't blame Hession - blame Mulacek and yourselves for believing pie-in-the-sky boloney. I remember arguing with Tibbs on whether the $5-7 per mcf was a real possibility.

    It's a good deal with a good partner.

    I think IOC is baking in about 8 TCF or so at these levels. I wouldn't pay up for that now, espcecially given OSH and Total put the number in the mid 5s and IOC's own auditor will only let them use 7.1 TCF in the financials.

    Of course a big swing will be what happens to the hundreds of $millions Helicopter Hession is pouring into the PNG jungles at the moment. If they come up dry or disappointing like Triceratops that will be harsh.

    Sentiment: Hold

  • Reply to

    Trucks for Helicopotors, LOL

    by mspieks May 14, 2014 8:49 AM
    bonkthegrups bonkthegrups May 16, 2014 1:22 PM Flag

    Anyone long or considering long IOC should read raiseyou's posts. He is one of the most rational holders out there. Not to mention a gentleman.

    Sentiment: Hold

  • Reply to

    ** Bonk & Eric **

    by whyioc2 May 14, 2014 7:00 AM
    bonkthegrups bonkthegrups May 14, 2014 7:42 AM Flag

    Thanks for inviting me back. Do you see the contradiction in your post? Maybe heeding the word of clowns would have helped avoid the "reverse short squeeze" you are lamenting.

    It's insults like this that get me motivated to dust off my IOC files. Maybe even Seeking Alpha awaits.

    I guess you really miss us?

  • Reply to

    Imposter!

    by artinv12 Apr 24, 2014 1:42 PM
    bonkthegrups bonkthegrups May 1, 2014 9:49 AM Flag

    Art - you were engaging with the fake bonk in this thread.

IOC
57.28+0.22(+0.39%)Jul 24 4:02 PMEDT

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