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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Mattyice who wrote (39471)	9/28/2010 4:56:09 PM
From: Dale Baker	Read Replies (2) \| Respond to of 78750

Maybe that's why they are lining up infrastructure partnerships to fund the buildouts - the cash comes from others and IOC kicks in a share of future energy products. I've read the bearish reports on IOC and followed the details from some smart bulls on SI; I know where I stand. Good luck with those puts. I've made good coin selling puts on IOC every month for a while now, nothing huge but it works well. Tell me, what event would suddenly expose this as a scam, what's the catalyst?

To: Mattyice who wrote (39471)	9/28/2010 5:17:33 PM
From: Paul Senior	Respond to of 78750

"They have dwindling cash, operating cash is horrific, they can barely get anything started, they are going to have to keep diluting there equity to no telling what..." I have several small e&p companies in that position. What they do have that may (or may not) make them values, is assets in the ground. Perhaps it's wrong to rely on npv numbers though. Maybe all these guys are promoters. Otoh, oil does get pulled up eventually from some companies' holdings, and stock prices can sometimes go up multiple times. While it's not comfortable to be diluted or being subject to being diluted, I'm willing to tolerate that if there's a payoff for stockholders down the road. Sometimes there is. If I don't rely on audited statements, and if I don't trust company management to have any truth to their tales, then there's no value to judge for a decision. For me anyway, I'll bet on a package of these type companies, hoping the winners will be there and that they they will overcome the losers that I'll have. As part of that package, I'm long IOC a small amount.