quote:Originally posted by TimW: That PR is just the one lining us up for what we are expecting today..
"With execution of a shareholder agreement covering the Papua New Guinea liquid natural gas (LNG) project by the company and these lenders on or before July 31, 2007"
We had good news about it back then.. and today is the day they said it would happen.. lets see!!
Good DD TimW...You and Toothpick have been keeping this thread alive
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posted
InterOil Sets Second Quarter 2007 Earnings Release and Conference Call Dates Wednesday August 1, 9:11 pm ET
TORONTO, ONTARIO--(MARKET WIRE)--Aug 1, 2007 -- InterOil Corporation (Toronto:IOL.TO - News)(AMEX:IOC - News)(POMSoX:IOC) announced that it will release second quarter 2007 earnings after the market closes on Monday, August 13, 2007 with full text of the news release and accompanying financials available on the company's website at www.interoil.com. A conference call will be held on Tuesday, August 14, 2007, at 7:30 a.m. Central (8:30 a.m. Eastern) to discuss the quarter's results, as well as the company's outlook for the remainder of 2007. ADVERTISEMENT
The conference call can be heard through a live audio web cast on the company's website at www.interoil.com or accessed by dialing (612) 288-0329. A replay of the broadcast will be available afterwards on the website.
COMPANY DESCRIPTION
InterOil Corporation is developing a vertically integrated energy business whose primary focus is Papua New Guinea and the surrounding region. InterOil's assets consist of petroleum licenses covering about 9 million acres, an oil refinery, and retail and commercial distribution facilities, all located in Papua New Guinea. During 2006, the company announced a gas and condensate discovery, completed an optimization program at the refinery, and doubled the downstream business by acquiring Shell's distribution assets in Papua New Guinea. In addition, InterOil initiated development activity related to a liquefied natural gas (LNG) project.
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posted
yes i woke up and saw 27.65 yessssss finally. how long have i been waiting for lol. well done TimW our patients paid off! and stupid amount of reading hahahaha.
what price are u planning to hold to?
recon it will drop to the $20 level again like 4-5 weeks ago where it peaked at around $26.6 - $27 and droped back o the $19-20?
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Only 67,000 volume after a huge run to pull it back 10%.
Could be since most after hours is done between brokers that we will see the price get pulled down on those tiny blocks so they have a better chance to cover $ cheaper in the morning.., that is if the brokers were the ones that had it mostly shorted the 8 million.
Shorts gotta be close to covered within a few days so affter that im sure they wont interfere so much with the PPS.
posted
i sold at $30. happy with my $5 gain per share although looking back i think i should have only sold half and i didnt expect IOC to hit $30 last night (for me) so my settings auto sold at $30.
will look forward to a dip so i can pick some up again! haha
good luck TimW! what price did u by at?
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Still waiting for 40+, and definetly holding until elk-2 results are made public.
Unless of course, something drastic happens.
You might get a dip to rebuy, but i wouldnt count on it being large. If anything itd be the intraday dips that the stocks becoming accustomed to in the mornings.
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Thats all up to you.. I wouldnt imagine itd dip down to $25 though.. seeing how its at $31 that would require a 15% drop. Usually its only been pulling back a a dollar or two before moving again.
Personally i wouldnt try to catch a dip and would buy at market at open.
You can either;
buy at a high open and it pulls back but climbs steadily again.. you get marginal gains if any for the day.
buy at any open and it steadily climbs, full days gains for you.
look for a gap and missit due to opening and climbing straight up
buy on a high gap and have it isntantly drop down and keep going.
buy at the dip only to realize its moving down and have it tumble from there
get 100% lucky and buy on a dip and have it climb from there.
All up to what you feel. Do you think you can guesstimate the low price for the day? Do you care if you lose a days gains?
All up to you. Like i said I would probably just put in an order to fill at market at whatever the going rate is first thing. Just because it hasnt been pulling back a whole lot lately.
Disclaimer: If you lose all your money, ill happily take your wife.
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posted
damm man, i really regret selling all in one go now. really should have sold half.
i partly blame it on the time diff cause its not possible for me to be at the computer watching the movement for the whole trading day without looking like a zombie at work.