Phil it is a nightmare to me too. I was dumb enough to buy more in the high 50's and low 40's. I believe in the story so I keep on having faith and do enjoy the repartee on Shu which I have never been able to get on and participate. Don't think I have much real value to offer so I like chatting here on occasion but Avi ruins that a significant amount of the time. I guess I could be real grumpy with all my oil stocks at the moment but my broker got me in these I just have to have the fortitude to stick with the plan and expect things in oil and IOC will turnout the right way. I guess blaming the broker is wrong too I had to say yes. Could of said are you crazy. The fundamentals are fine with IOC. The deal is good. It is going to take time for the value and payoff but I am planning on being rewarded. #$%$ about MH is not going to fix my account. He again will do what is in his opinion and the Board's the right thing for shareholders. Not sure the previous group were accomplishing that. Anyhow glta and may 2015 bring us smiles by the summer with all the controversy behind us and nice appraisals in front of us,
Blame is hard to pin on this stock. We could blame Phil, Duma, Hession, the shorts, and I am forgetting many. You know the stock is $20 or so below where the brokers are saying it should get to in 12 months and Credit Suisse says over $100 after milestones are accomplished. I say it is really hard to be patient with this stock but I truly think that unless there is a buyout based on all of the results of drilling that we will eventually get we will be handsomely rewarded once the plant construction is underway. Why blame Hession what good is it going to do any of us. He is doing what he thinks is best for himself, the employees and stockholders. We have a whole new management team. It just is gonna take time and us investors do not like that. I want it over $100 tomorrow but realize there is just too many factors in the world with this stock. YOu can take the money now and write off the loss or stay long and see what is in store here. I am doing that and maybe I am an idiot for that but this is a soap opera and I am sticking to the end its great entertainment.
When Total walks away then say I told you so. Until then take your negativity at every step of the way and move on. Its Tiresome MikesIOC. Why is the drilling way over budget. Total is paying for much of the appraisal wells. So what Rapotor and Wahoo and Bobcat took longer than you personally would have liked and the results are awful and the sky is falling. Sell your shares? OSH picked up pie but they will have to abide by the rules if the arbitrator has a brain. So you keep on speculating and #$%$ about Hession not buying company stock. I will drink the koolaid and believe that he is being advised not to. Think what you want. But you are clearly a friend of MS and must be in the union together. The company can never do anything right. Would it be that way if the pps was $80? I think so. Bottomline its about producing NG in thier wells at their new plant in PNG for a good profit and selling it to Asia and then finding more NG. When that story changes then its time to whine.
Every time there is the appearance of positive news its a negative in the market. Every time there is a market moving higher it seems there is a negative for this stock pps. Every time we expect the ultimate in news there is a negative price per share movement. The company appears to not be able to get out of its own way most of the time as far as the appearance to the market place. Or as some in the conspiracy world would say there is a lid on this stock price and it is manipulated by dark pools even when things look bright.
Some want a buyout. Some are so angry they want to put pins in MH voodoo dolls. So let's hear from all the experts. What is it going to take to turn this ship into a money making machine that pushes the pps of its 50,000,000 shares to new heights not the depths of dispare? You are now in Findlayson's and Hession's shoes. What would you do? Keeping in mind all of the regulatory requirements on material events and what you can or cannot say I think the most important fact is Findlayson and Hession must do more sales. Possibly the arbitration decision will take the handcuffs off. Your in charge give them your advice not your whining. Lets talk from the perspective of being on the Board and responsibility to the shareholder. What would you do? Everyone but AVI is welcome to join in.
Can't say that most folks here would not be happy to walk away with $85-$125. It is either obvious something is terribly wrong at the company which does not seem likely, or the stock wizards are at it again and pushing the price around. The company will never tell us and unless you are a great detective we are never going to find out how so many shares are against the stock on a day they announce a discovery. Makes no logical sense. Or we could be back to government leaks or Shell or other bigs are manipulating the price for a low ball offer. But there has to be some explanation. Where is a Duma rumor when we need to know.
Hottubber you are correct on that. Always thinking up and always headed down. Someone could write a PhD on this stock and find out the truth after the buyout of course.
All we have so far....The well was tested over an interval of about 320 meters of Kapau limestone, the upper section of
the target reservoir, and flowed and flared hydrocarbons at surface.
Seismic mapping, wireline logging and testing results indicate the well is close to the gas-water
contact in the transition zone.
Recently acquired seismic indicates the crest of the structure lies several kilometers west of the
current well location and is several hundred meters higher than the current well depth.
OK year 6 of my holding on and looking for a positive take by the market even in this #$%$ oil environment. I think we are going to be rewarded for our patience which I have preached over the years even when whining. They cannot screw this up! I hope.
Great presentation on Raptor and Laurie Brown's presentation. Quite damming too but presented in a way that is very critical but not whiny or grumpy. It is professionally done. We'll done Kaliboo!
But you say it was $100 per share based on Execs talking or Wayne Andrews info. Why is that not material and announced. Especially if they were giddy. The Board would vote and in the minutes and announced.. Maybe you could explain that for me since I don't know what I am talking about which is true just ask my employees and better half! And I did not say I was happy with 33 percent increase. I said your posts only increase when things look bleak not when things are going well or we will say improving versus declining.
Yes MS is whiny and mostly grumpy. You gotta ask this question, he hates Kenny, he dislikes management intensely, he states that XOM had a 5 billion dollar offer on the table but the Board of Directors and Hession said no. I believe that could be called a material event and since they never told me that was the case I take it with a grain of salt that this was a true offer. Maybe someone somewhere made a verbal statement , but unless it is on paper it ain't worth the BS you are handing us MS. Finally, you have #$%$ more than most here, but why are you still here? Other than the entertainment value there is no reason. You want to be argumentative and you sure appear to me to have the same mentality as my friend Bonk. Do you guys plan out your posts or what? And your posts intensify when things are going badly for the company, the management, the industry or now the oil markets in general. So when the stock moves up from the 40's to the 60's you have nothing to say. No glowing remarks. I know I get irritable with this stock and company but you my friend lead the train and I believe in truth you are really grinning behind the keyboard. The calm will set in again and then you will disappear until the next hurdles.
Gee Avi you said IOC was bankrupt with no cash and look at them now. You love to lie and mis direct investors. Ignore Avi. He is all over oil stocks and is a nuisance.
There is a lot of exciting chatter and news coming out. Even Trans the chart reader is positive with the 200 dma moving north. Things are looking better than they ever have with this company. Much confidence going into 2015. Not much chatter from the nay sayers.
Remember the past, Duma, elections, Phil, running out of cash, Elk Antelope gas is stranded, all the other opportunities were dry holes, and on and on. Now the major issues are getting the well drilled right and getting the information back, getting to FID and getting past the arbitration issue which will be resolved relatively quickly. Two trains are a coming and the deal will be rewarding to us. Here is hoping a very happy holiday season and great rewards in 2015.