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InterOil Corporation Message Board

valuesleuth 12 posts  |  Last Activity: Aug 13, 2014 10:11 AM Member since: Mar 14, 1999
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  • Reply to

    JDEO and his epithany. LOL

    by mspieks Jun 4, 2014 1:02 PM
    valuesleuth valuesleuth Jun 7, 2014 3:32 PM Flag

    For the last 10 days, I haven't even been lurking on any of the boards, as out-of-town matters have consumed my presence, time and full attention.

    Having said that, I've been holding, adding on weakness, selling puts, buying calls.

    Now that I'm back for a while, I'll catch up on the threads, starting with this very amusing one.

    BTW, what is this SHU to which posters refer? LOL

    Connect the dots,

    VS

    Sentiment: Strong Buy

  • Reply to

    "One in Ten"

    by mspieks Jun 11, 2014 11:53 PM
    valuesleuth valuesleuth Jun 12, 2014 7:42 PM Flag

    ms,

    You'd think with all the members of the JFT & Alias Consortium collaborating, they could figure some things out. But, alas, you'd be wrong.

    One thing from the article that jumped out at me was that Shell apparently made the last cut and were in the mix until the very end. Hadn't at least one member of the Consortium declared them dead and gone a LONG time ago?

    The more things change, the more they seem the same, with our resident source gadfly, who always seems to get it bolloxed up, even on his best days.

    Meanwhile we wait for actual news.

    VS

    Sentiment: Strong Buy

  • Reply to

    Sunglass reflections

    by bonkthegrups Jun 16, 2014 5:41 PM
    valuesleuth valuesleuth Jun 16, 2014 7:09 PM Flag

    bonk,

    That whole thread is a perfect confirmation on how far the usual suspects will go to put a fanciful spin on speculations. When the juices get flowing, there's no stopping them.

    If it is true that IOC monitors SHU, what kind of reception are these folks likely to get at the upcoming AGM?

    Given what we've seen out of Dr. Hession so far, it seems a bit of a stretch to think that he'd want to put any fuel on the kinds of bonfires these folks start.

    Will the new management team be meeting at "21" with refugees from the Spinnaker Lounge?

    Not likely.

    A waste of a trip to NYC.

    VS

    Sentiment: Strong Buy

  • Reply to

    Wayne IS Gone

    by mspieks Jun 24, 2014 9:15 AM
    valuesleuth valuesleuth Jun 24, 2014 1:25 PM Flag

    ms,

    Looking at IOC as a Singapore HQ'd company, with all operations in SE Asia, it was increasingly ludicrous to have the VP Capital Markets permanently located in Florida.

    It seems as if Wayne likely got the same treatment as Colin Visaggio -- "we want our own team."

    He was a nice guy, but carried too much water for a "failed regime" in the new IOC environment.

    VS

    Sentiment: Strong Buy

  • Reply to

    Pre AGM SHU MTG

    by mspieks Jun 23, 2014 9:42 PM
    valuesleuth valuesleuth Jun 24, 2014 1:31 PM Flag

    raise,

    Eric Sussman was right there, too, in his assessment that management was a disaster.

    For a long time, I didn't agree with him about management (went to too many AGMs and bought the koolaid), but he was right -- in spades -- along with bonk.

    VS

    Sentiment: Strong Buy

  • valuesleuth valuesleuth Jul 7, 2014 11:47 AM Flag

    Bonk,

    It is pretty clear that the $500 million valuation that the brokerage houses have had on the refinery and downstream operations over the years has been a GROSS valuation, not net of debt -- whatever that would be at any point in time.

    Clearing out the distraction is a good thing, but not worthy of much real excitement over some big score on valuation.

    Meanwhile, we await some drilling results.

    VS

    Sentiment: Hold

  • Reply to

    SHU's Indoreservoir

    by mspieks Jul 8, 2014 4:18 PM
    valuesleuth valuesleuth Jul 8, 2014 8:53 PM Flag

    ms,

    If you believe the PR's assertion that the offer was "unsolicited", why turn down a reasonable bid?

    The financials are going to be very screwy for quite a while, which will introduce some fodder for those who would like something resembling an operating company, but might present opportunities for traders. Investors, on the other hand, are going to have a real problem with the inevitable volatility in the stock price -- especially if all does not go well with the drill bit.

    Given that the current 3 wells were rushed to spud -- to meet deadlines for lease renewals -- why would anyone actually believe the 90 day pronouncements -- especially taking into account carnival barker PM's statements that "everything takes twice normal time in PNG?"

    MH is a weird combination of what could be considered self-serving boasting on the one hand and the preaching of lowered expectations and restraint on the other. Hard to read at any point in time -- especially with the news flow controls now in place. (This has got to drive the SHU folks crazy -- even if "calling Wayne" wasn't really worth anything other than a placebo treatment.)

    It is going to be a long, hard slog to get to financial paradise with IOC.

    Best to be a vulture trader now.

    VS

    Sentiment: Hold

  • Reply to

    More from Indoreservoir/ Anger

    by mspieks Jul 9, 2014 10:00 AM
    valuesleuth valuesleuth Jul 10, 2014 11:27 AM Flag

    ms,

    On the "safety" comment by MH:

    It has been my conclusion that MH blew it when he didn't specifically state, and keep stating, what was the REAL CAUSE of the "safety" issue reference to the reason for the drilling delays. He had alluded to it in previous comments, but made the mistake of assuming that prior listeners had properly noted the comment and didn't repeat it in each subsequent comment on the drilling progress.

    The REAL ISSUE is dealing with the EXTREMELY HIGH PRESSURES being encountered, which if not dealt with could well cause massive safety problems for the drilling crews and drilling infrastructure.

    High pressures are good in the right context -- IF they can be controlled in the drilling process.

    BTW, couldn't help myself this morning. Sold some Sept $50 puts.

    VS

    Sentiment: Buy

  • Reply to

    $400 pps

    by phildagrave Jul 21, 2014 2:48 PM
    valuesleuth valuesleuth Jul 21, 2014 6:17 PM Flag

    ms,

    It is quite amusing to observe what happens when 4 posters (Tree, STP, Palm, and the JFT Consortium) dominate the posting history with over 50% of the total posts, setting the rules for everyone else, and exempting themselves by playing to a different set of rules -- those of dictators.

    They righteously pontificate and rail against whining -- while whining themselves to denigrate those who chafe at the selective application of the rules.

    What isn't acknowledged is that JFT has gotten away with personal attacks from Day One -- and SHU is the ONLY PLACE he can do that. Most everybody, absent the 4 horsemen, knows it and doesn't like it. Given their mutual love, there is no way anyone would have the guts to discipline the REAL rule breaking perpetrators.

    So, the soap opera continues -- and SHU immolates itself with indictments and recriminations.

    VS

    Sentiment: Hold

  • Reply to

    Share buyback $50 Million

    by yellerlab Jul 21, 2014 10:17 PM
    valuesleuth valuesleuth Jul 21, 2014 10:41 PM Flag

    The suspicious part of me says this announcement is a prelude to some potential bad news on the drilling front -- just to keep the stock from getting pounded.

    If something along those lines is afoot, at least the company will be buying "low", rather than "high."

    In PNG and with IOC nothing is as it seems.

    VS

    Sentiment: Hold

  • valuesleuth valuesleuth Aug 7, 2014 8:03 PM Flag

    Miss Becky,

    Have you taken over the JFT Consortium and feel compelled to defend the indefensible?

    Nice try.

    VS

    Sentiment: Hold

  • Reply to

    But Kenny I've waited over 6 years on this pig

    by lee.beckyl5 Aug 13, 2014 9:57 AM
    valuesleuth valuesleuth Aug 13, 2014 10:11 AM Flag

    Miss Becky (principal concubine to the JFT Consortium),

    .....and for the last 4 3/4 years only the traders have made any money.

    Stop playing statistic games. Only a very few got the bargain purchases at the 2008 plunge lows.

    At least most of your clients' IOC employee/director buddies have been dismissed and replaced, so some progress is possible after many years of stasis under the old regime.

    VS

    Sentiment: Hold

IOC
60.61-1.14(-1.85%)Aug 22 4:03 PMEDT

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