This follows well on Umbra's comments regarding the (my take) depth of negotiation ramifications. The results of each aspect of each deal have the drill down capabilities deeper than the Blk 1 test well. What is happening locally (GOG)will ripple out internationally and that is not BS. It is as obvious as Miss Kitty's mole.
Jim
Disclosure: I own shares. I am employed, live in Virginia and am trying to read the signs of the times just like the rest of posters.
I read two days ago about CNOOC making a deal for $4.5b to buy 45% of a company that would be online in '08. It didn't say which company. I think it's us. 45% of sharecount into 4.5b by my calculations puts the buy-in @ $8.39pps, perhaps some of you number crunchers can look it over.
The real questions to me are, "will we still be a company?" and "are we merging with other players i.e. Centurion, EEL?"
The most important concept I learned in grad school: EQUILIBRIUM. The political/economic issues at play here between China and us are demonstrating and will continue to demonstrate this concept. -J
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