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$11.70 -3.00 (-20.41%)
10/15/2008 4:02 PM

InterOil Corp (USA) (IOC)

CAPS Rating:
*

A developing fully-integrated energy company whose focus is on operations in Papua New Guinea and its surrounding region.

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7

Avatar ctmedic00 (99.98) Submitted: 2/06/07 10:19 AM : Underperform Start Price: $24.67 IOC Score: 15.71

Hey it's an oil company, no wait it's a gas company, no wait it's an overvalued rock. Gas in PNG? Suprise... nope there's plenty of Gas there and XOM appears to be a possible player in that area. Cheetah gas and oil has a stake in PNG and oh wait you've never heard of them... likely it will stay that way. Do a little research and see who has left PNG because the gas in stranded with no reasonable way of getting it to someone who might buy it. No pipeline, no nada. Sure Merrill and Druckenmiller are playing in this sandbox and I hate to be the cat but rememeber the analysts at Raymond James aren't your friends and theres no reason that they aren't giving us a Blodgett. This will flow down the road to bankruptcy but it may just take a while longer. A few choice financials to think about. They have 30 million in cash and 252 million in debt. The analysts have picked IOC which has lost 51 million and predicted at loss of 1.09 a share this year (silly me only seeing it at a loss of 1.76 per share. Anyway next year should be the year with a positive EPS of almost a dollar a share. So they only need a profit margin of roughly 80 million dollars or so to turn this around. Considering their gross profit on 486 million of revenue was a robust 13 million I'm sure the billion dollar revenue will give us roughly 6 times the profit. There is something cooking here and it's not with gas. I see some analysts blowing smoke and I'm hoping to be there when it clears at the bottom of the junk pile with this stock.

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Avatar ctmedic00 (99.98) Submitted: 4/09/07 7:26 PM

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Hey pumper I mock you. Your due dilligence is amazing. This scam is named interOIL and they were so bad at oil that they hit gas and suddenly they are a gas company. You think because Korea just bought a bunch of this scam it has to go up? Ask all the people who bought Enron because some other lemming bought it. Oh yeah IOL bought their equipment from Enron. There is no evidence that they can get the gas out of PNG. SUN left because it was futile. So what Druckermiller and MER are pitching bad money after well um bad money. Amarath was run by pros and now it's BK. Didn't your mother ever tell you that just because everyone else is jumping off the bridge maybe you shouldn't. This junk company is way overvalued and the other other potential would be a growth classification. On the growth front they have a ton of debt no reasonable expectation of a huge increase in revenue and eventually cash will run out and this companies pilot light will go out. The only reason that they aren't already done is the foolish cash wasting of the pros. I double down on this because of pumpers like you.

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Avatar ctmedic00 (99.98) Submitted: 4/09/07 7:27 PM

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Hey pumper I mock you. Your due dilligence is amazing. This scam is named interOIL and they were so bad at oil that they hit gas and suddenly they are a gas company. You think because Korea just bought a bunch of this scam it has to go up? Ask all the people who bought Enron because some other lemming bought it. Oh yeah IOL bought their equipment from Enron. There is no evidence that they can get the gas out of PNG. SUN left because it was futile. So what Druckermiller and MER are pitching bad money after well um bad money. Amarath was run by pros and now it's BK. Didn't your mother ever tell you that just because everyone else is jumping off the bridge maybe you shouldn't. This junk company is way overvalued and the other other potential would be a growth classification. On the growth front they have a ton of debt no reasonable expectation of a huge increase in revenue and eventually cash will run out and this companies pilot light will go out. The only reason that they aren't already done is the foolish cash wasting of the pros. I double down on this because of pumpers like you.

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Avatar ctmedic00 (99.98) Submitted: 4/09/07 7:27 PM

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Hey pumper I mock you. Your due dilligence is amazing. This scam is named interOIL and they were so bad at oil that they hit gas and suddenly they are a gas company. You think because Korea just bought a bunch of this scam it has to go up? Ask all the people who bought Enron because some other lemming bought it. Oh yeah IOL bought their equipment from Enron. There is no evidence that they can get the gas out of PNG. SUN left because it was futile. So what Druckermiller and MER are pitching bad money after well um bad money. Amarath was run by pros and now it's BK. Didn't your mother ever tell you that just because everyone else is jumping off the bridge maybe you shouldn't. This junk company is way overvalued and the other other potential would be a growth classification. On the growth front they have a ton of debt no reasonable expectation of a huge increase in revenue and eventually cash will run out and this companies pilot light will go out. The only reason that they aren't already done is the foolish cash wasting of the pros. I double down on this because of pumpers like you.

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Avatar ctmedic00 (99.98) Submitted: 4/09/07 7:27 PM

Recs: 0 | Rec This

Hey pumper I mock you. Your due dilligence is amazing. This scam is named interOIL and they were so bad at oil that they hit gas and suddenly they are a gas company. You think because Korea just bought a bunch of this scam it has to go up? Ask all the people who bought Enron because some other lemming bought it. Oh yeah IOL bought their equipment from Enron. There is no evidence that they can get the gas out of PNG. SUN left because it was futile. So what Druckermiller and MER are pitching bad money after well um bad money. Amarath was run by pros and now it's BK. Didn't your mother ever tell you that just because everyone else is jumping off the bridge maybe you shouldn't. This junk company is way overvalued and the other other potential would be a growth classification. On the growth front they have a ton of debt no reasonable expectation of a huge increase in revenue and eventually cash will run out and this companies pilot light will go out. The only reason that they aren't already done is the foolish cash wasting of the pros. I double down on this because of pumpers like you.

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Avatar ctmedic00 (99.98) Submitted: 4/09/07 7:28 PM

Recs: 0 | Rec This

Hey pumper I mock you. Your due dilligence is amazing. This scam is named interOIL and they were so bad at oil that they hit gas and suddenly they are a gas company. You think because Korea just bought a bunch of this scam it has to go up? Ask all the people who bought Enron because some other lemming bought it. Oh yeah IOL bought their equipment from Enron. There is no evidence that they can get the gas out of PNG. SUN left because it was futile. So what Druckermiller and MER are pitching bad money after well um bad money. Amarath was run by pros and now it's BK. Didn't your mother ever tell you that just because everyone else is jumping off the bridge maybe you shouldn't. This junk company is way overvalued and the other other potential would be a growth classification. On the growth front they have a ton of debt no reasonable expectation of a huge increase in revenue and eventually cash will run out and this companies pilot light will go out. The only reason that they aren't already done is the foolish cash wasting of the pros. I double down on this because of pumpers like you.

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Avatar ctmedic00 (99.98) Submitted: 4/09/07 7:28 PM

Recs: 0 | Rec This

Hey pumper I mock you. Your due dilligence is amazing. This scam is named interOIL and they were so bad at oil that they hit gas and suddenly they are a gas company. You think because Korea just bought a bunch of this scam it has to go up? Ask all the people who bought Enron because some other lemming bought it. Oh yeah IOL bought their equipment from Enron. There is no evidence that they can get the gas out of PNG. SUN left because it was futile. So what Druckermiller and MER are pitching bad money after well um bad money. Amarath was run by pros and now it's BK. Didn't your mother ever tell you that just because everyone else is jumping off the bridge maybe you shouldn't. This junk company is way overvalued and the other other potential would be a growth classification. On the growth front they have a ton of debt no reasonable expectation of a huge increase in revenue and eventually cash will run out and this companies pilot light will go out. The only reason that they aren't already done is the foolish cash wasting of the pros. I double down on this because of pumpers like you.

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Avatar ctmedic00 (99.98) Submitted: 4/09/07 7:31 PM

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Hey pumper didn't your mother ever ask you about jumping off a bridge just because everyone else was doing it?

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Avatar JTShideler (97.85) Submitted: 6/01/07 1:37 PM

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Thanks for your good post, probably the first company that I ever considered shorting with real money. I wonder how much the pumpers are going to lift this stock before it falls like the rock that it is. I am a bit concerned that the sheep will still raise this rock higher, although like you I think its eventually going to crash and burn.

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Avatar ctmedic00 (99.98) Submitted: 6/27/07 8:59 AM

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welcome to the bonfire.

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