Last week Inter-oil corporation (IOC) liquidated 38% of their company to finance the building of natural gas and oil rigs in Paupa New Guinea.
The projected profit from the rigs is said to be $4 billion-- which is $1 billion over the market cap.

The drop of $30 a share last Friday would scare any analytic investor but keep in mind that it was to finance a project worth a billion dollars more than the company as it was then. Accordingly, upon completion of the project the stock will rise above what the stock was worth before the liquidation.

IOC closed today at $61.. $5 higher than last week's close at $55.19. This is very substantial taking the price of this stock into account.

I made around $10,000 and 21.5% returns in one day just day trading this stock. I am very convinced that the price of each share will continue to rise.

Here are some sources for you to look over, so they may help you determine if you want to invest in IOC.

http://finance.yahoo.com/news/nyse-stocks-posting-largest-percentage-174225292.html
http://seekingalpha.com/article/1885751-interoil-sell-off-provides-a-big-opportunity?source=yahoo
http://www.fool.com/investing/general/2013/12/09/is-interoil-a-bargain-after-its-recent-fall.aspx

and for shits and gigs here's me, ranked #1 out of 95 in my econ class



Yes IOC is in red. I bought it right before market close because I think it's going to jump substantially again tomorrow. It dropped in price by 2 cents a share right after I bought it.

This post was edited by thorsjsp on Dec 9 2013 07:03pm

Will buy it with my play/practice account instead of my real account.
and will QQ all day if it does as good as you say.

stock being hyped? what could go wrong!

interesting to say the least

Haha tbh I don't like it much when people tell me to buy into stuff... but I do feel very confident in this one.

good joke though. I lol'd.

Bhp billiton lost 17 billion in risky trading, i would never buy into oil or mining, also ppng is a VERY dangerous area.

why would you never buy into oil or mining?

bp is on an uptrend
http://finance.yahoo.com/echarts?s=BP+Interactive#symbol=BP;range=3m

chevron is best described as homeostatic, so you generally know a good time to buy in
http://finance.yahoo.com/echarts?s=CVX+Interactive#symbol=CVX;range=3m

exxon is also on an uptrend
http://finance.yahoo.com/echarts?s=XOM+Interactive#symbol=XOM;range=3m

I made $30,000,000 in my econ class fucking with penny stocks.



Errybody mad.

/e gunna marry Hannah Newmann.

This post was edited by CatFunt on Dec 9 2013 08:06pm

Oil has always been a staple investment in any decent sized diversified portfolio.

Nice job picking up IOC on their rebound and ranking 1 in ECON, haha. How did you lose your 12% to begin with?

Means jack shit.

My brother ranked #1 in under a week after being 2 months behind everyone else. If you know anything about trading you can easily dominate some scrubs in econ.