Iofina Share Discussion Threads

[freshvoice] 14/11/2014 00:33

Ammons
Yes

[stevo2011] 14/11/2014 00:07

HOUSTON - Two of the world's biggest oil field service companies are in talks to fuse their businesses together and end decades of rivalry in a deal that may be valued at more than $20 billion.Shares in oil field services giants Halliburton and Baker Hughes, both based in Houston, surged in Thursday trading after reports surfaced that they were in talks for a merger. Baker Hughes confirmed it was in preliminary talks with Halliburton."These discussions may or may not lead to any transaction," Baker Hughes said in a written statement issued after 5:30 p.m. It said it wouldn't comment further.The Wall Street Journal, citing unidentified people familiar with the matter, said talks were progressing quickly and a deal, in which Halliburton would buy Baker Hughes, could come soon. The sources didn't discuss the price but said it would likely rise above Baker Hughes' market value, $25.4 billion on Thursday.Halliburton has so far declined to comment.Both firms draw the majority of their revenue from North America, and most that stems from their operations the post-drilling processes that secure wells and extract oil and gas, known as completion and production.Of those, the biggest business is pressure pumping, the key to the hydraulic fracturing, which, in combination with horizontal drilling, has turned North American shale plays into playgrounds for firms that sell and operate oil-field equipment.Oil fields in Texas, North Dakota, Colorado and elsewhere have seen drilling rigs return from faraway places in recent years as oil production has surged to 9 million barrels a day, setting the United States on track to become one of the world's biggest oil producers.Behind it all, Halliburton, Baker Hughes and their competitors have blasted apart shale rock with the millions of gallons of water, chemicals and sand in hydraulic fracturing.Analysts say Halliburton's strengths in logistics and infrastructure in the U.S. hydraulic fracturing market, and Baker Hughes' technology bent and its in-demand services in the Gulf of Mexico would make for a good corporate marriage.Halliburton has the largest share of the U.S. hydraulic fracturing market, with 2.5 million pressure-pumping horsepower, while Baker Hughes has 1.83 million horsepower. Combined, they would share 23 percent of the market.In a relatively flat day for the market overall, Halliburton shares rose 56 cents to $53.79 and Baker Hughes rose $7.77 to $58.75 at the close of trading, not long after the Journal reported the talks online.The two firms are both among Houston's biggest local employers. According to a Chronicle survey earlier this year, Houston's Baker Hughes had 8,000 local employees and 59,000 employees in total. Halliburton, which has main offices in both Houston and Dubai, had about 7,500 local employees and 75,000 worldwide.Baker Hughes is worth more than $25.4 billion on the stock market, while Halliburton is valued at $45.6 billion.The U.S. benchmark oil price, West Texas Intermediate, fell $2.97 on Thursday to $74.21, its lowest point in years.

[dcgray21] 13/11/2014 22:45

Thanks Bobby

[rogerbridge] 13/11/2014 22:42

Quite agree Bogg1e. War chest growing by the day IOF on Tom of list followed by QFI and FUM.

[woolybanana] 13/11/2014 22:29

So, risers might be IOF, NANO, QFI, VLS, all technologies and companies posed to take off, despite the headbangers trying to do harm.

[bogg1e] 13/11/2014 22:24

spideyy, the water permit is a lot to us but pocket money to halliburton.

One thing to remember, is that this bear period is going to last a while, that's actually good for long term holders. I noticed when there have been bearish downturns post the 2008 crash, all shares would be affected, but the companies perceived to be able to grow even during a downturn, recover the fastest and tend to go on to all new highs, simply because people are generally "risk off" and looking for a share that is perceived to be safe to put their bored money into. Now Im sure that the JV announcement, plant review and new infrastructure will put IOF back into growth mode. If Lance gets the minis right, the return on capital employed is phenomenally fast and therefore it may take until next june, by which time the market should be beginning to appreciate that fast growth is becoming apparent. Im sure we shall hit a new high above 250p by next summer.

[superg1] 13/11/2014 22:24

Heart is was producing .7 mt per day from 18.7k bpd (250mt per year) so it can on higher bpd and more.

The facts are in production news.

The io2 site got to 51k bpd before all the frac disruption started. then oil issues which have been solved by the SWD upgrade I'm thinking the next 5 to 15 years not Oct, Nov, December.

There must be some OAPs about with perfect roofs that need victimising at this time of year, I'm surprised you are not out in your van pointing out the loose tiles.

[freshvoice] 13/11/2014 21:47

Ammons,

I know what I meant. Just hope the bears stay where they are for another week.
;-)))

[spideyyy] 13/11/2014 21:45

Hi.news tonight of a merger of Halliburton and Baker Hughes.information on Bloomberg tv that Halliburton are in a relatively strong financial position.does this possibly bode well for our water permit?

[bobbyshilling] 13/11/2014 21:23

dcgray21, perhaps I should guide you to read my post 26600.

[dcgray21] 13/11/2014 21:10

Bobby - bit cryptic for my simple brain . Could you elaborate ? Thanks

[bobbyshilling] 13/11/2014 20:46

He didn't mean this year.......but keep watching.

[heartwell] 13/11/2014 20:34

To be fair Lance has been saying IO2 can produce 300mt per year by itself.
Opps one too many zeros.

[arlington chetwynd talbot] 13/11/2014 19:59

This obsession with production is interesting, especially when it shifts focus away from actually manufacturing & selling the stuff in a weak market.

Your focus is too blunt, not well-rounded.

Lance says 'bottom line is everything', yet I see no evidence of that supposed focus until I read the annual results that have been properly audited... and see losses.

[ammons] 13/11/2014 19:52

Freshvoice, interesting choice of words, post 26674. Record for THE month.... Not for ANY month, just the month of October......... Have I read your post correctly?

[stevo2011] 13/11/2014 19:50

Nettley wrong then wrong now , you are the weakest link good bye

[arlington chetwynd talbot] 13/11/2014 19:43

Alas & alack, I vote nobody up on here. Wrong then, wrong now.

Such a thick body of posters.

Start bidding 30, let's start taking out the trash.

[henry9th1] 13/11/2014 19:38

Bear trap set, time to buy, tallyho!

[freshvoice] 13/11/2014 19:33

Hope heartwell/ Nutters/ACT has his money where his mouth is AND KEEPS IT THERE TILL NEXT WEEK.


LOL

[freshvoice] 13/11/2014 19:31

Don't panic. It is a fact that the production in October was a record for the month.
If you don,t believe it contact the company.

[1madmarky] 13/11/2014 19:16

Fun and games again I see.
One thing that I did not appreciate when I first invested here. Was the true value of IOC as a defence for times of weak iodine prices. Very much bread and butter with the excess raw production as the desert.
My interest was just the raw side as the growth potential is greater. so learning a little more.
GLA

[sandbag] 13/11/2014 18:54

I see Heartwell got 2 up votes for his post 26667. That would be one from ACT and one from Netley then.

[arlington chetwynd talbot] 13/11/2014 18:50

Wrong then, wrong now.

[stevo2011] 13/11/2014 18:49

Next you will be saying u r not nettley