I don't think that there is any fantasizing here about a take out, we will make more money over the next couple of years if Ithaca stays independent. Mid caps have the same reasons for taking out smaller companies as the large caps do. A lot of Ithaca shareholders are sitting on a triple bagger now anyway, that is no fantasy.
Monkey spank . Never a truer word said . Spot on with your earlier post . In the same way that IAE acquired assets in the North Sea as the big boys started bailing out . The top tier oil companies are more likely to be gunning for hundreds to billion barrel fields and not grubbing about a bit here and there . It is why we have seen them moving away from the North Sea and showing more interest in other parts of the World .
We can all fantasize about being taken out by a Total or BP or even better a Shell, but that kind of takeover is not going to be happening to IAE for the simple reason that the fields that they have are simply not large enough. If you read the article you will clearly see that the M & A that are shown as examples are all companies and fields that are many times larger than what IAE has under its control. Now this is not to say IAE will not be acquired sometime soon, but it it won't be… Read More
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