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Strategies & Market Trends : Value Investing
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To: Dale Baker who wrote (39446)9/28/2010 3:38:10 PM
From: Spekulatius  Read Replies (1) of 78750
 
re IOC - note that this is not agreement with EWC it is just the fact that they are working towards an agreement, to be reached in 2010, if the stars are aligned. odd that they make that the topic of a press release at all. Even stranger is the fact that there is no joint press release from EWC at all. EWC itself does not look like a powerhouse itself either, yet they want to bring this project online faster than Exxon plans to bring their LNG project in PNG online. Go figure.

IOC has announced well results and as you know, they are disputed. I do not see why those new results would make a big difference.

My interest in IOC is deep out of the money put's because there is a good chance of a stock promotion fraud, and if that became evident, IOC stock would go to zero in a hurry. I admit i don't have a clue if this is really a fraud or not but i think the chance that it in fact is, (with so many yellow flags and shady character working in one of the most corrupt government on earth) is very real.
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