+ Watch IOC
on My Watchlist
A developing fully-integrated energy company whose focus is on operations in Papua New Guinea and its surrounding region.
In today's Wall Street Journal, Heard on the Street section, there is an article about InterOil Corporation (NYSE: IOC). The company was mentioned by actor Shia LaBeouf in 2010 while he was promoting the movie "Wall Street: Money Never Sleeps." LeBeouf, in an interview, made a comment about it being a momentum play. The stock went up then down. In today's article, "This Oil Takeover Target Has A Hollywood Pedigree," WSJ make a pitch for the company, citing the new world of consolidation. Since it is an energy exploration company and it has new leadership and partners, I decided to see what happens when the WSJ features a company.
Japan and China will continue to want huge quantities of natural gas. Interoil has a huge amount to sell, and the resources to succeed at setting up the infrastructure to do so.
Cooking the books
This will either be a great play or a great bust. I am betting on the former. I would not bet the retirement on it but taking a flyer on it could pay very well.
Apparently those on MF that are following IOC do not grasp the fundamental concept that:!) IOC sits on a vast storehouse of natural gas. 2) That the geological formation in which it is trapped is a jungle formerly an ancient reef. This permeable structure makes extraction considerably easier. 3) The geographic location of Indonesia is in the heart of the highest market prices for natural gas in the world. China, India, Korea and Japan are starving for access to there clean energy needs and currently are paying $17/mcf. 4) At $80/share IOC gas assets are selling for an equivalent of $00.60 per mcf !!! 5) This is a energy rich environment and CONSIDERABLY more assets will be identified with subsequent e&p activities.6). A minimum of 3 super majors desperate for new sources of O&G resources are currently battling in a bidding war for these assets. 7) Motley Fool is preoccupied with eanings reports on a company that is on the verge of being a breakout development company (a development company is not concerned with earnings......until an OFFICIAL FID is announced). 8) The FID will officially make public the amount of capital and sources of capital to move this company from its developmental stage to that of an active E&P Company and only after that are earnings a factor of measure. Best wishes!
Long term s shot but short term will see some small gains.
Bidding process begun for LNG plant partner. Sponsored by large banks; Project approved by PNG government; estimates of $125 to $200/share after bidding.
Selldiown of resource approaching; FID on LNG project on horizon; low-cost resource close to highest priced market.
way too much gas under the ground. worth at least $244 share with current price of $3.66 BTU
on land far away from middle east. Shell is interested.
reserves of gaz in PNG not proved, and the government of PNG as australians geophysicisians have very big doubts about the reality of these reserves for which the company don't provide the legal report, and the production initiated in 2015! (why waiting so long!), and an old refinary coming from Alaska for which 10 years have been needed to re-build it ! .....
This company continues to offer more shares and people keep on buying them for some reason. The balance sheet is awful.
PetroChina Company Limited is their unnamed strategic partner.
Whitney Tilson @ T2 Partners......... window dressing
Oil is becoming a less popular product as we move toward environmentally friendly transportation
A great stock
Regardless of what the detractors and shortsellers say, IOC has tremendous assets and strategic positioning to market them. Within 4 years market cap should be in the neighborhood of 25 Billion.
massive oil find in PNG, Margan Stanley confirms
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