We are just below 90p now. The oil sector at large will move up largely in line with the oil price. Such is the pent up value within Ithaca, that even if the oil price remains below $55, first oil leading to full production may well take the share price to around £1.50, which may well trigger the Delek bid.
So what is your point Vlad, I hear you ask, surely a higher oil price is good for Ithaca as it is for the sector at large?
Yes, but my point is that if the oil price stays below… Read More
Art was ALWAYS striking sweet deals. This is nothing new. He was actually the Master of the Sweet deal until he wasn't. I am not suggesting people don't invest with Art, but again, I STRONGLY recommend that people do a deep, deep dive on this guy before investing in anything he is a part of. And with that said, I will say no more. Caveat Emptor is the phrase to apply here.
Not sure about that big of bench. Within OPEC, Iraq are number 2 in terms production, with only Saudi producing more. It's a spanner in the works, but it could also just be posturing / positioning before the meeting at the end of November.
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