Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



Why InterOil Shares Popped Today

Don't let it get away!

Keep track of the stocks that matter to you.

Help yourself with the Fool's FREE and easy new watchlist service today.

Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of energy explorer InterOil (NYSE: IOC  ) jumped 18% today after the company reported earnings.

So what: Third-quarter revenue dropped 6.6% to $305.2 million and the company swung to a net loss of $6.3 million, or $0.13 per share. Management also announced a $250 million secured syndicated capital expenditure facility, which will fund the company until it can complete asset sales.  

Now what: The loan is a lifeline that will keep InterOil afloat until assets in Papua New Guinea are up and running or other asset sales are completed. The company is making progress in Papua New Guinea, announcing a seismic data acquisition and drilling program that will drill six wells in the area. This has been a high-potential stock for a long time, but with the loss last quarter and many unknowns in the future it's too risky for me to bet on right now.

There are safer bets in energy
InterOil may be high risk, but there are companies that play a vital role in the energy industry. The Motley Fool's chief investment officer has hand-picked one such opportunity in our new report: "The Motley Fool's Top Stock for 2013." To find out which stock it is and read our in-depth report, simply click here. It's free!

Read/Post Comments (0) | Recommend This Article (2)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2724079, ~/Articles/ArticleHandler.aspx, 9/29/2016 1:40:50 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated Moments ago Sponsored by:
DOW 18,172.66 -166.58 -0.91%
S&P 500 2,153.76 -17.61 -0.81%
NASD 5,278.88 -39.66 -0.75%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/29/2016 1:24 PM
IOC $50.68 Down -0.68 -1.32%
InterOil CAPS Rating: *