SupaSage's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/76206/comments http://seekingalpha.com/article/146390/comments?source=feed#comment-570054 570054
1. Carl Caserta was in fact barred by the Securities and Exchange Commission from “association with any broker, dealer, or investment advisor”
2. Carl stilll has an available, current, and active email address at InterOil (IOC)

What does having an email address have to do with his barring by the SEC? IOC is not a broker, dealer, or investment advisor. And even if IOC were a broker/dealer and Carl was associated with IOC, does that have anything to do with the assessments of IOC's potential resource?

Moreover, isn't it a bit hypocritical for Sam to be casting stones at Carl, when he too, was found guilty of wrongdoing in the past? If Sam expects us to believe that he is "reformed", why shouldn't we believe that Carl is "reformed" as well.

That said, I think its important to focus on the facts. IOC is apparently getting closer to signing a deal with a partner on its LNG project. If we look at the news article from Monday, we'll see that CNOOC or PetroChina could be paying $500mm for a 35% stake. That implicitly values the entire project at $1.4 billion. Add to that the value of IOCs other net assets (about $600 million) and you get a total value of about $2.0 billion. That equates to more than 80% upside from IOC's $1.1 billion market cap today.]]> Wed, 01 Jul 2009 11:52:36 -0400
1. Carl Caserta was in fact barred by the Securities and Exchange Commission from “association with any broker, dealer, or investment advisor”
2. Carl stilll has an available, current, and active email address at InterOil (IOC)

What does having an email address have to do with his barring by the SEC? IOC is not a broker, dealer, or investment advisor. And even if IOC were a broker/dealer and Carl was associated with IOC, does that have anything to do with the assessments of IOC's potential resource?

Moreover, isn't it a bit hypocritical for Sam to be casting stones at Carl, when he too, was found guilty of wrongdoing in the past? If Sam expects us to believe that he is "reformed", why shouldn't we believe that Carl is "reformed" as well.

That said, I think its important to focus on the facts. IOC is apparently getting closer to signing a deal with a partner on its LNG project. If we look at the news article from Monday, we'll see that CNOOC or PetroChina could be paying $500mm for a 35% stake. That implicitly values the entire project at $1.4 billion. Add to that the value of IOCs other net assets (about $600 million) and you get a total value of about $2.0 billion. That equates to more than 80% upside from IOC's $1.1 billion market cap today.]]> http://seekingalpha.com/article/138401/comments?source=feed#comment-509683 509683 Tue, 19 May 2009 11:15:35 -0400 http://seekingalpha.com/article/83223/comments?source=feed#comment-198451 198451 Fri, 04 Jul 2008 08:38:31 -0400