RE:RE:RE:Book Value?
Motown, thanks for the numbers. Ya, if we can scratch and claw our way up to $1.50ish over the next 6 months then we probably would see something over $2.00 on a takeover (here’s hoping). Hopefully we get a bump in the PoO with the April 17th meeting coming up and then another after the June OPEC annual meeting. With any luck we are in the $50 range and the FPF-1 is on-site. Then again, if there were any mention of OPEC contemplating cutting production during/after their June meeting, we could conceivably see oil much higher than $50. Personally, I place a lower probability on that occurring, but if OPEC comes out with that statement well all bets are off at that point. Maybe IAE finally catches some luck and OPEC announces cuts just as the FPF-1 starts sailing. Wouldn' that be a nice change.
Which brings up a question. Given that in their last news release, Petrofac stated that the FPF-1 was back on track and would sail sometime in Q2, does anyone recall how long IAE estimated it would take for the FPF-1 to actually get hooked up and producing? Was it a couple of months (can’t recall and can’t find it). A couple of months would take us to the start of September. If you are in the camp that IAE gets sold with Stella coming on track, our little company may only have 3 – 5 months left.