I don't think IOC should be placed in the speculative category at this time.
Not sure what Canadian law has to say about CEO's telling fibs, but per the company's presentations over the last 6 months,
3 IB were hired to screen buyers
25-32% of Elk/Antelope is up for sale, along with a commitment to fund LNG plant
"Conforming" bids have been received and finalists have been determined
The highest bids are at "multiples" of market cap
RJ says company is worth $100 if E/A assets sold at $1MCF (and no value given for T-2 well/field or other land).
PRE's deal for T-2 assets is for ~$2.35 MCF. T2 may be as big as E/A per some.
Exxon on same island doing LNG.
