TSXV:ESR.H - Post by User
Comment by
ironman311on Nov 20, 2009 10:16am
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Post# 16507336
RE: RE: Opportunity
RE: RE: OpportunityThe stock is cheap and there are enough marcro reasons that we don't have to blame it on company insider secrecy. Until Exxon Mobil announces a build decision for a LNG facility on Papau New Guinea (or Interoil Corp. beats them to it) LNG is going nowhere. This point is approaching in the next few weeks with Exxons deal in the final lap of announcing financing and a build decision and Interoil recently announcing a flow test of their Antelope 2 well. Expect Interoil to have a larger flow than their country record well (per Guiness Book fo World Records). Expect Interoil to have look for a condensate rich zone or even an oil zone that can save the company a billion a year in imported oil to there refinery.
I am still buying as the stock price goes down on low volume. Still buying what could be in retrospect the gift of the year.