Ithaca Energy Share Discussion Threads

[bountyhunter] 07/10/2016 12:37

laserdisc - thanks, added to header

[whiskeyinthejar] 07/10/2016 11:55

Malkys comments today:

"Ithaca Energy

Ithaca continues to deliver the goods and is a worthy member of the bucket list, yesterday it delivered 3Q figs and an operational update that beat market expectations. Production in the 3Q was 9,900 b/d giving an average of 9,550 for the ytd, neatly above the 9/- b/d guidance. FPF-1 is all hooked up and first production is expected in November, this is key, it will add 16/- b/d of production and to use an overused word, will indeed be transformational to Ithaca. That will get better when the pipeline comes into operation next year after the initial export by tanker. The increased revenue next year will dwindle the debt and give the company many opportunities to grow, nearby there are such opportunities which I expect IAE to take advantage of."

[laserdisc] 07/10/2016 11:30

bountyhunter another link for vessel charters

[melody9999] 07/10/2016 11:24

yep added a few more earlier at 75p. the strong update plus firm OP should take us to 100p +

[gersemi] 07/10/2016 10:36

The price is now breaking upwards with 80-81p showing some resistance

[gersemi] 07/10/2016 10:01

breaking out now

[freddie ferret] 06/10/2016 16:37

Nice close.

[whiskeyinthejar] 06/10/2016 16:18

Yes thats for the Norpipe connection of course. I guess they have the pumps on order. Will be nice to see the fpf1 running with just the tanker connection though.

[the monkster] 06/10/2016 15:41

72 here we come

[whiskeyinthejar] 06/10/2016 15:03

Current market doesn't value non producing assets very well I think. Much more attractive to have actual production numbers coming through rather than forecasts. Obviously the risk lifts rather too.

I didn't think they'd have the spur to Norpipe built by now. Doesn't sound like much work remaining to connect. Hopefully then well see hub running at full capacity in early 2017 then.

Anyway I think the trend is your friend here.

[gersemi] 06/10/2016 12:27

The real gains will be made when the company start the 'process' of debt reduction. Debt is a drag on a company's valuation. Too see what happens when a company with sounds assets, rising income and a solid trading platform repays debt one only has to look at LMI...that big pile of debt was like a huge weight dragging down, when the weight was removed you had a BOING upwards

[the monkster] 06/10/2016 12:03

normal business will be resumed this afternoon dont worry. close at 72 or less would be my bet. I need another quid on that to b/e unfortunately

[gersemi] 06/10/2016 11:57

This is on the verge of breaking out..