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This afternoon's swoon in shares of InterOil (IOC -8.5%) may be traced to rumors the company is...

This afternoon's swoon in shares of InterOil (IOC -8.5%) may be traced to rumors the company is running into issues with its Papua New Guinea project. In November, the government approved a proposal to build a 3.8M/year metric ton liquefied natural gas plant; since then, IOC has been working on a modified project agreement and securing a recognized operator of the proposed facilities.
Comments (3)
  • Next time. I promise that next time I get a call out of the blue from a broker pushing some random name I will short it. Next time.
    23 Jan 2013, 03:25 PM Reply Like
  • What is the source of these rumors and is there any further report therein?
    24 Jan 2013, 05:56 AM Reply Like
  • What a load of garbage. What a difference 24 hours can make.
    24 Jan 2013, 06:31 PM Reply Like
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