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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: farmerboy who wrote (156897)	9/12/2011 7:44:37 PM
From: CommanderCricket	1 Recommendation Respond to of 206093

"By 2016, IOC could be supplying 269k BOE/Day" See page 4 of the presentation. The 269k boe/d is a gross number. IOC share is around 60% net. Stripping the condensates pays for the LNG project and allows for a negative NG cost of nearly $0.50 an mcf. It's unreal how many are bummed and turned off on IOC because they didn't find oil and continue to ignore the condensates priced at a discount of $5 to Brent. I really think IOC will be a $20 billion company someday but my timing so far has been wrong (by 2016 or so). In the meantime, I'll continue to sell puts, an occasional covered call and collect the juicy premiums. My largest position by far.