Author Topic: IOC - InterOil  (Read 10208 times)

alertmeipp

  • Lifetime Member
  • Hero Member
  • *****
  • Posts: 2535
IOC - InterOil
« on: January 06, 2014, 03:27:30 PM »
Anyone follow this one here? Would like to hear your thoughts.

I am getting interested as it has dropped 50% since they announced a "transformation" deal with Total SA. The deal carries a few uncertainties and the big part of the $ won't come anytime soon, so maybe the hot money is getting out.

Also, noted that this is also one of those naked short story stocks.


thepupil

  • Hero Member
  • *****
  • Posts: 1248
Re: IOC - InterOil
« Reply #1 on: January 06, 2014, 04:33:05 PM »

you may want to read the old pitches on VIC for background (available to all because they are old). don't know anything about it myself. just pointing out this has been lambasted for years for being shady.


http://www.valueinvestorsclub.com/value2/Idea/ViewIdea/77689

http://www.valueinvestorsclub.com/value2/Idea/ViewIdea/2455

http://www.valueinvestorsclub.com/value2/Idea/ViewIdea/1860

bz1516

  • Full Member
  • ***
  • Posts: 131
Re: IOC - InterOil
« Reply #2 on: January 06, 2014, 05:41:11 PM »

you may want to read the old pitches on VIC for background (available to all because they are old). don't know anything about it myself. just pointing out this has been lambasted for years for being shady.


http://www.valueinvestorsclub.com/value2/Idea/ViewIdea/77689

http://www.valueinvestorsclub.com/value2/Idea/ViewIdea/2455

http://www.valueinvestorsclub.com/value2/Idea/ViewIdea/1860


The stock was promoted for years by management, MS &Co, RJ and an assist from Soros.  MS did some of the early private financing and their head of capital markets was a former RJ analyst.  They were able to push the stock to anywhere they wanted as long as they didn't have a deal.  Once a deal was announced the ctock could now be valued based on what oil majors thought it was worth.  We are working through that valuation now and we are trending down over time.  I don't see an edge for an investor in what is essentially a binary bet.

Myth465

  • Lifetime Member
  • Hero Member
  • *****
  • Posts: 3668
Re: IOC - InterOil
« Reply #3 on: January 06, 2014, 08:02:34 PM »
Tilson is short this one from what I remember.
Its in the too hard pile for me...

alertmeipp

  • Lifetime Member
  • Hero Member
  • *****
  • Posts: 2535
Re: IOC - InterOil
« Reply #4 on: January 06, 2014, 09:50:12 PM »
Anyone know why IPI buy out is needed to be one of the closing condition?

antao

  • Newbie
  • *
  • Posts: 25
Re: IOC - InterOil
« Reply #5 on: October 29, 2016, 02:59:59 PM »
Anyone looking at the arbitrage opportunity?
Basically the question is to ascertain the value of the contingent resource payment (if any).
Case for: https://www.valueinvestorsclub.com/idea/INTEROIL_CORP/138887
And against: http://www.concernedinteroilshareholders.com/uploads/IOC_Slide_Deck_II_-_July_26_2016_Final.pdf
The VIC writeup has a nice summary on the arbitrage trade.