Stocklemon Updates Interoil (AMEX:IOC)
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Stocklemon Updates Interoil…Is The Story Out of Gas?
As of our last writing on Interoil (AMEX:IOC), we told our readers that we were no longer following the story. Yet, in the past two months, the story has become so entertaining, in a mystery novel sort of way, they we can’t help ourselves but to comment.
In a time when Exxon is exiting LNG projects in remote regions due to the cost of construction, we are to believe that Interoil will be an LNG leader in the next 10 years. This is from a company that has no proven reserves, has collateralized all of its assets, and has barely enough cash to make it out of the year.
This report will address two issues that have been positive influences on the stock price over the past few months.