Amarin Corporation plc Message Board

To quote Steven Seagal, "If your mother knew you were so dumb, she would trade you in on a pet monkey".

Sentiment: Strong Sell

I have been and will continue to be a bull, but I am concerned about the possibility of the bidding war we all think is happening may be one to steal IOC out from under itself, buy forcing them to give-up their leases on low terms. What if XOM and RDS came to PNG and said, "why is IOC in the picture. Why are we going to pay them a comisssion to buy PNG's NG, when if they were out of the picture, that money could be divided up between us". The one thing stopping this may be JKM's bid. If XOM and RDS can convince PNG, JKM can't pull off the project, this may be the hang-up. I hope the deal is only held up on some terms the laywers are ironing out.

Sentiment: Strong Buy

RE; Phil's "exiting". Recall Ross Perot's statement about having Clinton run the country, as he had only been Gov. of small state Arkansas. "You don't hire the manager of a 7-11 to run Wal-Mart". The new company was going to be too big and require skills which the new "owner" didn't think Phil had acquired. I would imagine, this soon to be subsidiary of a big oil company, is going to be a big division of XOM, RDS, TOT or whomever.

Sentiment: Strong Buy

RE: Shorts. They may very well have an inside ear that will tip them off. Then they will buy enough calls to offset their shorts, buy the stock through execution of the options and have it look like they properly closed out their position. They do it all the time. Their brokers look the other way and the SEC could care less.

Sentiment: Strong Buy

So, you don't think $80 million in net income covers those liabilites? LOL LOL

Sentiment: Strong Sell

What's even more gravity defying is if you take the 55 MM shares, multiply by the 31c/qtr. x 4 qtrs., you get around $70 million in yearly earnings. This on a stock that tomorrow, based on the AH price will have MC of $13 BILLION. Can you say, take a little off the table, like NOW.

Sentiment: Strong Sell

The burning you smell is the fuse that just was lite in the last hour. I guess the shorts and hedgies ran all the numbers and figured, "yea, they do have the goods and some deep pocketed guys are bidding on them". "RUT ROH".

Sentiment: Strong Buy

The Japanese have to get a big piece of this IOC NG prospect. They have no choice but to substantially obtain a huge amount of NG from it, to replace the lost power from the shutdown of their 54 nuclear reactors. Even though their are 6 LNG plants to be built on the West coast of Canada, they will do little to put a dent in demand requirements of the Asian markets anytime soon. The Australian projects are huge, but again they aren't large enough to replace the Japanese demand, nor that of Korea, China, India or other Asian nations. XOM's project would only provide enough NG for less than 10% of Japanese needs.

ONOH, I wouldn't be surprised if the Chinese didn't swoop in and plunk down a huge number, hire XOM or the Koreans to build the plant and take most of the NG for themselves. They have to be thinking long and hard about doing just that.

Sentiment: Strong Buy

If you look at the gross condensate bbls of 144 MM, that is over $14 billion @ $100/bbl. IOC would get more than half of that. Add in the 3 million net acres they have plus the already proved out 10 tcf. of NG and you have a company worth more than a 4 bagger @ $2/mcf.. And, FWIW, it has a net worth of nearly $800 million, just for it's other operations. The fuse is lit.

Sentiment: Strong Buy

You should also add back the 120 million bbls. of condensate, which at $100 per bbl. is another measily $12 BILLION. I think a couple of major players are going to divy up IOC. One major will do the heavy lifting of getting the LNG plant up and running and one or more BO or similar elk types, like the Japanese or Koreans will take a train or so. If you look at the huge shortfall the Ja panese have with basically going to be ALL OF THEIR 54 NUCLEAR PLANTS BEING MOTHBALLED, they needed 20 trains 2 years ago when the tsunami hit.

Osaka Power just made a deal for to buy 7 million tons of LNG a year in recent months for their 7 million customers. Japan has over 120 million people. That translates into over 15 times more NG, as their are going to have to eventually use NG to run their power plants, as they wean themselves off expensive oil and dirty coal.

The Japanese are on limited power availability, which results in crippling reductions for their industry and hardships for their citizens. They need a large portion of all the NG coming out of PNG and Australia.

Sentiment: Strong Buy

EDVA-What do you think the chances are for VRNG or MSFT, if they bought out VRNG, to get the patents validated in the EU and then proceed to sue GOOG for all the damages that are not now a part of the US case? TIA.

Sentiment: Strong Buy

That's 200 bbls.d of condensates of 6,000 bbls/m or $600,000/m or $7 million per year.

Sentiment: Strong Buy

The laws in Germany did not require that positions be made known to the public. That is why the shorts got shafted, bigtime. I think the stock at one time was up over 10 times from the usual price.

With IOC, the positions are known, but with 25% of the stock short, this could be a problem for the shorts if the bids go up towards a 100. With it appearing as though the Japanese are ng into IOC, I would expect for the selldown price to be upwards of $1.25 or it may even surprise on the upside.

Sentiment: Strong Buy

The comment about Japan taking all of XOM's NG in 2010 was at the 26 minute mark. See IV board message 9880-Henry Aldorf.

Sentiment: Strong Buy

Interesting comment by Henry Aldorf in his 2010 report(see IV board-9880). He said Japan took all of XOM's PNG NG in 2010. That was before the 2011 Japnese earthquake, that ended up having Japan shutdown the majority of their 54 nuke plants.

Sentiment: Strong Buy