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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: Salt'n'Peppa who wrote (166673)4/2/2012 10:52:17 AM
From: CommanderCricket2 Recommendations  Read Replies (2) of 206180
 
S&P,

What's interesting is IOC didn't need to find more NG. They have never been properly valued based on their ownership of Elk/Antelope with 5 TCF. Valuations of E/A based on IOC share price is around $0.40 - $0.50 mcf.

When you add another couple TCF for Triceratops, the valuations becomes ridiculous and don't forget the huge short position.

Going to be an interesting few weeks for IOC. My guess is back above $70 by summer.

Michael
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