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Adam Gefvert, CFA

 
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  • Why Royal Dutch Shell Is Likely To Bid For InterOil Imminently [View article]
    Craig, thanks for your input. The thing is, InterOil needs to make a deal now. They are out of cash. They hired the three investment bankers almost a year ago. If the readings are uncertain at this point, why would a major operator risk 10s of billions of dollars on an uncertain project? Why didn't InterOil spend all their money and resources on as deep of tests as possible, so the majors will be willing to invest in the gas wells?
    Aug 20, 2012. 02:49 PM | 1 Like Like |Link to Comment
  • InterOil: Setting The Record Straight [View article]
    "I believe this is a major error - I think it's over 1,100 minutes, not hours. Detalis of the A-1 and A-2 drilling can be found here: http://bit.ly/P9nFXj"


    Wow, great catches, Bonk. Treasure Hunter, please respond to his comment with links.
    Aug 20, 2012. 01:54 PM | 2 Likes Like |Link to Comment
  • InterOil: Setting The Record Straight [View article]
    Saying Shell will make a bid is rubbish. I've never heard of a Company making an acquisition right after saying:

    "It's very difficult to have an interest in the asset that the licence holder [InterOil] doesn't want to talk to you (Shell) about."

    To me, it's clear that Shell is not interested from this statement. I'm not sure what kind of game the longs think Shell is playing.
    Aug 20, 2012. 01:49 PM | 2 Likes Like |Link to Comment
  • InterOil: Setting The Record Straight [View article]
    "There are 2 likely outcomes over the next few weeks."

    You say "likely" outcomes, meaning they might not happen. What would you say will happen to the company and/or stock if they don't happen? If you're going to take the risk by buying the shares, you should be prepared for any possibilities.
    Aug 20, 2012. 12:15 PM | 1 Like Like |Link to Comment
  • Why Royal Dutch Shell Is Likely To Bid For InterOil Imminently [View article]
    For those interested in learning more about oil and gas exploration from an unbiased source, Craig Cooper is definitely someone that should be listened to.

    http://onforb.es/PMVe5M
    Aug 20, 2012. 10:27 AM | 1 Like Like |Link to Comment
  • Why Royal Dutch Shell Is Likely To Bid For InterOil Imminently [View article]
    Like I've stated before, the PNG government is just trying to keep hope alive. It's like, if you had someone tell you you have 1000 ounces of gold buried in your backyard, and he would pay you to try to dig for it, you would let him, right? You know the gold probably isn't there, but you have nothing to lose by letting him dig, and in fact are getting paid for it, so might as well let him keep digging fruitlessly. I believe the same thing kind of phenomenon is happing in PNG. If the PNG government sends IOC away, they would accomplish nothing, and quit getting paid by IOC. This is regardless of whether the gas wells have significant gas or not.
    Aug 20, 2012. 06:58 AM | Likes Like |Link to Comment
  • Evidence Suggests InterOil's Gas Wells Aren't Commercially Viable [View article]
    I have to say, out of every poster in this comments section, FeeltheHeat2 is clearly the most knowledgeable, and he doesn't appear to be biased. If you want to learn more about the business, I'd read his posts. If you don't mind me asking, Feeltheheat, what is your background and how did you learn so much about the gas and oil drilling business? Also, would you mind disclosing whether you have a long or short position in IOC?
    Aug 19, 2012. 08:16 PM | 2 Likes Like |Link to Comment
  • Evidence Suggests InterOil's Gas Wells Aren't Commercially Viable [View article]
    OK, maybe saying Mulacek was overtly talking it up and down is overstated. But he was definitely relishing in all the press that the company got from it. The fact that Shell was in serious negotiations gave legitimacy to the company. I don't think Motley Fool or CNBC weres so bullish about IOC before the Shell negotiations. Don't you think it is in the best interest of IOC to say why it won't show Shell its data? I'm wondering why that wasn't asked in the earnings call.
    Aug 17, 2012. 01:42 PM | Likes Like |Link to Comment
  • Evidence Suggests InterOil's Gas Wells Aren't Commercially Viable [View article]
    That's very in depth speculation on your part on why IOC isn't making a deal with Shell. Mulacek was talking up the negotiations with Shell up and down. If what you're saying is true, why wouldn't Mulacek say that's how it went down to save face? Now the company looks like they're trying to hide something.
    Aug 17, 2012. 01:05 PM | 1 Like Like |Link to Comment
  • Evidence Suggests InterOil's Gas Wells Aren't Commercially Viable [View article]
    I agree AWilliams. Well, according to bonkthegrup above, they promised to make a deal in a few weeks. If they don't have a deal by then, the stock price will be in major trouble. Another thing which I didn't mention, is they are going to have to borrow a lot more funds. They currently are borrowing $48 million at a 3% rate, which expires in Jan 2013. So IOC will have to borrow money at a much higher rate to pay off that debt, as well as extra funds for operations. The rest of the company's debt has a much higher interest rate.

    Also, what I got from the experts, is the gas wells do indeed have some gas, but not enough to make it worth it to commercially develop them. That might be why they didn't show Shell the data.
    Aug 17, 2012. 11:33 AM | 1 Like Like |Link to Comment
  • Evidence Suggests InterOil's Gas Wells Aren't Commercially Viable [View article]
    Well, that hedge fund manager has his own opinion, and it's my opinion too that the stock shot up based on a possible deal with Shell. As far as support from the PNG government, check out the last paragraph of my article to give my opinion on that.

    "To conclude, I believe there are no more outs for InterOil at this time. The PNG government has pressed it to find a major partner, the company appears to be trying, but delays continue. It should give an investor no comfort that the PNG government continues to support InterOil. InterOil is the only oil and gas company they have to work with in the Puri Creek areas. It's like if you had someone around to clean your yard and he was doing a bad job, but you had no one to take his place. You would have no choice but keep him around. InterOil has reached it's peak, got everyone excited, including the media, only to let everyone down with a thud. As more and more IOC investors start getting skeptical, you can expect the stock to slowly drift down from here."
    Aug 17, 2012. 09:48 AM | 2 Likes Like |Link to Comment
  • Several Catalysts Are Near For Peregrine Pharmaceuticals [View article]
    OK, thanks for the clarification, cjgaddy.
    Aug 16, 2012. 10:24 AM | Likes Like |Link to Comment
  • Several Catalysts Are Near For Peregrine Pharmaceuticals [View article]
    The company did what it had to to survive at the time. If it can get a partner, then it would be better to not dilute the equity, correct? I suppose you are not impressed by Bavituximab's results so far?
    Aug 15, 2012. 11:24 PM | 3 Likes Like |Link to Comment
  • Peregrine's Lung Cancer Drug Has Promising Trial [View article]
    That's quite an old press release. PPHM was trading for as low as $.40 two weeks after it. There must be another reason for the bounce. Or it could be just momentum that will reverse soon.
    Aug 14, 2012. 08:32 AM | Likes Like |Link to Comment
  • Peregrine's Lung Cancer Drug Has Promising Trial [View article]
    Thanks for the info. So it's up this much based on rumors? Do you have a link for that info? Thanks.
    Aug 14, 2012. 07:57 AM | Likes Like |Link to Comment
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