Interoil: Both Longs Together With Shorts Expect Similar Fools
Interoil is maybe the most-disputed stock I bring e'er witnessed. The dispute is close the value of a huge claimed gas detect inward Papua New Guinea.
When short-sellers larn together the conversation seems to inevitably plow to Interoil.
If it is a fraud (as many shorts volition bring you lot believe) it is a real long running i as well as i that tin privy demonstrate impressive flows of gas (flares that brand a huge dissonance as well as sometimes forcefulness out hundreds of feet high).
These flares brand the shorts await - good - stupid.
If the gas is existent as well as thus it has been uniquely difficult to larn a serious fossil oil fellowship interested. There has been announced bargain later announced bargain for close a decade - all of which bring come upwards to naught.
These deals as well as their subsequent failures brand the Interoil bulls await - good - stupid.
The big announcement
On Fri Interoil announced its long-awaited bargain alongside a major that may lead to the liquefaction of their huge claimed gas deposits inward Papua New Guinea. The major is Total (the French supermajor). Total didn't figure real high inward the gossip prior to this deal.
This is a big black-eye for the shorts. Total is committed to spending over one-half a billion dollars simply to larn options over the gas inward this field. For the shorts this was non meant to happen. The stock may live on downwardly almost twoscore part on the bargain but it is difficult every bit a short-seller to detect comfort inward a big as well as presumably competent fossil oil fellowship stumping upwards existent coin to purchase a gas champaign that you lot previously believed was worthless.
But it is also a big black-eye for the longs. Total is stumping upwards existent coin - but non much compared to what the bulls idea the champaign was worth. Incremental TCFs of gas beyond the minimums are sold to Total for $100 1000000 a pop. My showtime idea when I saw that number: they left a null off.
The stock was downwardly difficult for a reason. If the gas detect is every bit skilful every bit Interoil claim it is as well as thus the administration sold it for a song.
There are smart shorts as well as smart longs inward this stock. I swear in that place are.
Today they all await stupid.
The shorts may claim victory - but they await stupid too.
John
Disclosure: Short. I made a net turn a profit but await stupid. Hey, its non how smart you lot are that counts.
J
When short-sellers larn together the conversation seems to inevitably plow to Interoil.
If it is a fraud (as many shorts volition bring you lot believe) it is a real long running i as well as i that tin privy demonstrate impressive flows of gas (flares that brand a huge dissonance as well as sometimes forcefulness out hundreds of feet high).
These flares brand the shorts await - good - stupid.
If the gas is existent as well as thus it has been uniquely difficult to larn a serious fossil oil fellowship interested. There has been announced bargain later announced bargain for close a decade - all of which bring come upwards to naught.
These deals as well as their subsequent failures brand the Interoil bulls await - good - stupid.
The big announcement
On Fri Interoil announced its long-awaited bargain alongside a major that may lead to the liquefaction of their huge claimed gas deposits inward Papua New Guinea. The major is Total (the French supermajor). Total didn't figure real high inward the gossip prior to this deal.
This is a big black-eye for the shorts. Total is committed to spending over one-half a billion dollars simply to larn options over the gas inward this field. For the shorts this was non meant to happen. The stock may live on downwardly almost twoscore part on the bargain but it is difficult every bit a short-seller to detect comfort inward a big as well as presumably competent fossil oil fellowship stumping upwards existent coin to purchase a gas champaign that you lot previously believed was worthless.
But it is also a big black-eye for the longs. Total is stumping upwards existent coin - but non much compared to what the bulls idea the champaign was worth. Incremental TCFs of gas beyond the minimums are sold to Total for $100 1000000 a pop. My showtime idea when I saw that number: they left a null off.
The stock was downwardly difficult for a reason. If the gas detect is every bit skilful every bit Interoil claim it is as well as thus the administration sold it for a song.
There are smart shorts as well as smart longs inward this stock. I swear in that place are.
Today they all await stupid.
The shorts may claim victory - but they await stupid too.
John
Disclosure: Short. I made a net turn a profit but await stupid. Hey, its non how smart you lot are that counts.
J
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