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InterOil (IOC -3.9%) is lower on chatter suggesting waning interest from Royal Dutch Shell...

InterOil (IOC -3.9%) is lower on chatter suggesting waning interest from Royal Dutch Shell (RDS.A, RDS.B) in a potential deal for IOC's Papua New Guinea exploration licenses.
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Comments (8)
  • Thinking Man
    , contributor
    Comments (10) | Send Message
     
    Lower chatter does not necessarily suggest waning interest. It would be improper and poor business for the parties involved in negotiations to chat about what's going on.
    13 Aug 2012, 11:11 AM Reply Like
  • Quanobean
    , contributor
    Comments (32) | Send Message
     
    So much for CA's, at least where RDS is concerned.
    13 Aug 2012, 11:14 AM Reply Like
  • DavidjlOxley
    , contributor
    Comment (1) | Send Message
     
    go chatter, good buying oppurtunity
    13 Aug 2012, 11:35 AM Reply Like
  • bonkthegrups
    , contributor
    Comments (245) | Send Message
     
    Anyone investing on on the basis of "chatter" should have his or her head examined. Funny how any positive chatter is lapped up, and any negative chatter is "just chatter", or "short b.s.".

     

    Do your own work - always the best policy.
    13 Aug 2012, 12:38 PM Reply Like
  • Roger Newman
    , contributor
    Comments (259) | Send Message
     
    RDS would just be the latest in companies that have been involved in talks with IOC only to back away...
    13 Aug 2012, 01:55 PM Reply Like
  • freddiekingman
    , contributor
    Comments (3) | Send Message
     
    it's not lower on chatter..most O&G are down...and also IOC rose from $57 in june to an all time high of $ 91.88 in aug...actually it's a good thing to give back a few points...

     

    let the chatter be the chatter...some say since years IOC is a fraud or cannot survive etc...but those who say IOC is and will be a winner seem to be right...

     

    IOC is on the eve of something very big to happen...
    13 Aug 2012, 02:46 PM Reply Like
  • damonevans
    , contributor
    Comments (2) | Send Message
     
    IOC is not interested in working with Shell. Think more Japanese/S.Korean/Chinese firms that will allow IOC more leeway to develope the project. Unless Shell is willing to pay a whopping premium to buy the lot, IOC will not bite.
    14 Aug 2012, 02:19 AM Reply Like
  • FeelTheHeat2
    , contributor
    Comments (404) | Send Message
     
    "IOC is not interested in working with Shell."

     

    Are you seriously saying that if Shell were the highest bidder Interoil wouldn't be interested? Doesn't that sound a little loopy to you?

     

    Interoil had $21M in unrestricted cash at the end of Q2. This did not include DST #10 and 10A at Antelope, nor the $4.5M it will pay Carlo Civelli for his participation in the PRE agreement. Further they must drill several wells in 2013 and 2014 to keep their licenses and a November deadline looms at which time the Government might terminate the 2009 LNG Plant agreement. They are in no position to dictate terms or decide which huge oil major to sell to.
    14 Aug 2012, 03:33 PM Reply Like
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