RE:RE:RE:RE:RE:RE:Iae gooing to be sold at a $1 imoKensho
Please show me a post where I said, or implied that there was a high probability of the Saudis cutting production on Dec 4th.
Two weeks ago, Iae wasn't at 0.62, it was much closer to $1. So obviously at that point I wouldn't think that Iae could be bought out for $1. If the data changes, you have to change your conclusion.
Why in the world would Iae allow Delek on the board if they knew that Delek would eventually offer something low? Well why in the world do people get married if they know they are gonna get divorced? The point is they don't know beforehand. Iae is not in control of what Delek does, nor could they know what Delek eventually might do. I am not saying that Delek planned to low ball from the get go, but you have to be "slow" if you don't think Delek would ponder it.
Your meteor Anaolgy is pretty silly. If you think the the chances of Delek putting in a low offer are the same as being hit by a meteor, well I can't help you.