"We believe intrinsic value is zero," writes Whitney Tilson of the $2.6B-valued InterOil (IOC)...

|About: InterOil Corporation (IOC)|By:, SA News Editor

"We believe intrinsic value is zero," writes Whitney Tilson of the $2.6B-valued InterOil (IOC) in his monthly letter . "Real energy companies do not quickly make multi-billion dollar commitments in "poor, corrupt countries." Even in the doubtful case InterOil has discovered a major gas field, it will take years to find a big-tme partner, yet the company has promised such to the government in the near future. [[More on IOC]].