Well inquiring minds want to know what you know and since they only have 20 billion dollars in assets how they gonna come up with the 8.75 billion dollars that I need before I approve the sale price.
Seems like more normal discussion on this board which is unusual compared to the last year or so. Most of the time you cannot hear yourself think here because it is clogged with crap and constant nonsense. Not that our nonsense is better than their's so to speak. So that must confirm the rumor could or might be true. Plus the pps is moving up so that brings out the best of all the longs. I will go out on a limb, results way before Halloween, Bonk will stay long for quite awhile and no buyout offers until we are well into the 70's pps. for a minimum $120 after Woodside goes for it.
Sentiment: Strong Buy
Shell Buyout at $97. Now that is a juicy rumor. But if it were true we have to be told now or very very very soon. So if that were the case, would others jump in? My last buyout on a stock, all the stockholders thought there would be a fight. There was none, Samsung and others were not going to fight Apple and game over we got a nice premium, but I did not become a millionaire damn. And I was ticked. Now $97 is attractive to many but others would want more. I would take a few more bucks and move on with a pretty profit but I would miss this entertainment. But not Avi.
Sentiment: Strong Buy
That will be the first question for Bobcat and Raptur as the release says we are continuing on continuing on, So I guess nothing to tell the shareholders. Hmmm! That will help the pps.
Mr. Panick picked up more shares today. Ignore your antagonist Avi. He is on a zillion boards. Comeon over to the IOC board and you will see how much he posts and the garbage he spouts.
For the grammar fanatics I misspelled bored with board. And, I did not put many commas where they belong.
I think you can take any point in time and manipulate it to your opinion with most stocks. They all go up and they all go down. Even Chipotle, Microsoft, GE, Apple have gone up and down. So picking a time period to make your point is basically manipulating statistics. Now if you want to argue the management of the company leaves something to be desired or the company issued more shares impacting price or the sale of widgets stink in this economic environment or the company says headwinds ahead in the next half year thus crushing the stock price then Bonk may have a point. But you see I have said it many years ago, Bonk is a master pot stirrer. He deliberately tries to get under your skin. He is really good at it. And one time he admitted it. I admire his skill even when he is a royal pain. Every so often he gets board and takes off a few months expecially when things are looking rosy. Since there is still much doubt in the well drilling results he can still tweak. One the wells resolve the story he will be gone because unless our BOD screw up there won't be much to critique other than delays in building a train or two.
Yes Art have seen him on the BPZ board as well. So he is getting paid to disrupt. What a sad job that is. I got a mental picture of this dude and it ain't pretty.
If you bought in January when the stock hit the low, you would be up 35% today, if I did my math correctly. Nice little return in 8 months. If you had bought in November you would be off the high by 58% a nasty retreat of the price per share. If you are a long and believe in the companies significant changes in management, the sale of the refinery and accompanying local infrastructure, the finalizing of licenses, the drilling for confirmation of E/A and identification and drilling of new opportunities you are okay to sit and wait for the news and anticipating more TCF in both confirmed E/A and other opportunities. Tough to be patient but I must point out it has been 8 months since the PR disaster and barring another one on Wednesday I expect continued progress and PPS gains. Eight months is nothing for a long term story. Even if we have to wait until 2018. If the payoff is worth it and that is the real question, then its worth being patient. If you are a doubter and short and you have no confidence in the management adjustments, infrastructure sales, licenses and drilling program then you are on the flip side of the discussion. Everything that is argued here which is minimal with all of the #$%$ the imposters and others like Avi post is background noise. The stuff on SHU is pure entertainment and anything us small retail investors (less than 20k in shares) are talking about here has no impact on the pps. Its entertaining to read and sometimes down right technical with SHU's pet enginners litany about well pressures and TD and information. But, really the fact we have shorts and longs means we have a market. That is what this game is all about. Yes we get tired, frustrated, gloat when the news is on ourside and many times we snipe but in reality everybody can make money. And MS, Bonk, Moose and the legitimate questioning crowd. Its good to have that perspective here. Wed will befascinating or run of the mill with little info. We will find out soon.
Fair value may not be the proper term. The price per share is valued at $58 by the market. No more no less until tomorrow. Buyers and sellers determine where it is going? When IOC gets more buyers than sellers because OSH issue gets settled favorably or Raptur and Bobcat results are outstanding then the longs push the pps higher. If the company botches another conference call then there will be more sellers and the pps will go down. If we have to wait for Antelope Deep and Triceratops and other discovery wells, its going to take a beating in the short term. The stock and the company need successes to show the marketplace that the stock is worth having in the portfolio. And maybe more importantly that the new sheriff has a clue as to running an exploration company. The jury is still way out on that.
I expect R and B will be extra base hits and give us a jolt with significant finds. We will be yelling Wahoo all the way to the new LNG gas plant with FID a year out. OSH will settle before the arbitration is decided. And Antelope Deep will be the grand salami. Of course then management gets a ticker tape parade. MS is the parade chairman and Bonk carries a sign saying Hession is the man. It's the dream. One of the wells has to be a TD by now. Something is clearly up why no info to us deserving long suffering shareholders. Okay just #$%$ and be patient. It will happen. Say that ten more times and sleep on it and the press release will be waiting for me at 6:30 when I wake up.