InterOil Corp (USA) (NYSE:IOC)

CAPS Rating: 1 out of 5

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

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Player Avatar DontBeLate (78.92) Submitted: 11/30/2011 9:25:45 PM : Underperform Start Price: $54.82 IOC Score: -11.70

Two years ago, much was made of IOC's Antelope-2 well. It was said to flow at the highest rate ever. Surely there was a massive resource underneath! That was two years ago. As far as I can tell, they have not: been able to attract a partner to help develop the field, or even gotten a production permit from the government of Papua New Guinea, let alone actually begin production. I've never shorted a stock with real money, but I have to say I am tempted here.

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