OTCPK:ICPVF - Post by User
Comment by
mmodanoon Aug 14, 2017 10:09am
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Post# 26577756
RE:Raymond James analyst - PT lowered to $26 from $30
RE:Raymond James analyst - PT lowered to $26 from $30A commodity exposure with the PDH-PP project? Mr. Cox and I did not listen to the same conference call last week. 100% of the contracts will be at fixed price, and educating customers about this new way of doing business requires more time than expected.
I am convinced that this project will be realized. I couldn't care less about the delay. If it takes another 2 years to gather all the commitments, then fine.
I am satisfied with the management's prudent approach: let's get the contracts first so we can announce a 100% derisked project that will not fluctuate with the commodity prices.