Sunday, May 13, 2007

Interoil Corp. (IOC) Earning Report Monday After hour

IOC is a highly controversial winner (so far)

I am very bearish on its long term future, however it did have surprising
uptrend until now.

This ER will be critical and interesting to watch, and the post-ER momentum will be huge. Prepare for bi-directional with bearish bias. So I have the trading focus on Tuesday.

Don't bet ER though, as a trading rule (my own, if you want to bet, I would
say airforce it) on any highly controversial ones, no matter winner or loser.

So what did this company do in the previous earning reports?
Mar-06 Jun-06 Sep-06 Dec-06
EPS Est -0.15 N/A -0.06 0.03
EPS Actual -0.49 -0.55 -0.25 -0.13

ER out -19c vs. -1c(estimate)
we will see very interesting day tomorrow


Fred said...


Yong said...

InterOil Announces First Quarter 2007 Results
Monday May 14, 5:01 pm ET

TORONTO, ONTARIO--(MARKET WIRE)--May 14, 2007 -- InterOil Corporation (Toronto:IOL.TO - News) (AMEX:IOC - News) (POMSoX:IOC) today announced first quarter 2007 net loss of $5.7 million, or $0.19 per share (diluted), which represents a 60% improvement compared with $14.4 million net loss or $0.49 per share diluted in the 2006 first quarter. Earnings before interest, taxes, depreciation and amortization (EBITDA) were $2.7 million in the first quarter, up strongly compared with a negative $9.1 million in the same quarter last year. The first quarter 2007 net loss includes $3.4 million associated with the expensing of the Elk trend seismic program.


Robin said...

bad ER, going down

Anonymous said...

totally confused. Why it's still going upwords?

Robin said...

I missed the conference call, and try to catch up. basiclly the management made another promise saying the on going elk 2 well has great potential and shows pressure better than expected.

Robin said...

after watching today's trading, I would say IOC will be week for a while, their earning ability is simply not there, you just cannot keep promising and never delieve