Ithaca Energy Share Discussion Threads

[georgie pie] 13/6/2016 09:36

Ftse coming back...only 0.2% down so the mass hysteria in asian markets was as usual completely over done...a lemmings chain reaction while the patient investors mop up bargain shares and profit on the day. If only i had a pound for every time ive seen this!!!!

[georgie pie] 13/6/2016 08:56

Very quiet here this morning chaps?

While the rest of the market quivers in the shadow of looming brexit, Ithaca is rock solid....surely sail away this week will keep IAE bucking the market trend, with fed meeting Wednesday nothing to get excited about so all looks good for us imho.

[deanroberthunt] 10/6/2016 15:00

no stopping this beauty

[deanroberthunt] 10/6/2016 13:17

80p, then we'll get a reasonable pullback

[georgie pie] 10/6/2016 13:11

We going blue again???

[deanroberthunt] 10/6/2016 12:57

just sell all for £4 in 2018

[laserdisc] 10/6/2016 12:51

yes staying long here normally at 100% would be tempted to sell 1/2 but that does not apply

[deanroberthunt] 10/6/2016 12:48

equilibrium now, shortages before year end, and then worsening...watch those inventories plummet

[deanroberthunt] 10/6/2016 12:44

that was your pull back.......

this situation is nothing like 2008/09, it's the opportunity of a generation.

Nigerians blowing up more ENI pipelines and big ones.....as we speak

Massive supply shortages coming, and sooner than most think

[laserdisc] 10/6/2016 12:05

yes 127% showing for me this is my best performer got in Jan anyone who followed malcys blog will have done well

[gersemi] 10/6/2016 11:36

18p-65p since Dec 2015. That type of price rise is not to be sniffed at in this market. In fact I suspect some are sat on life changing profits!

I reckon there's far more to come in the years ahead across all small-medium producers with decent reserves, strong balance sheets and decent mgt..

once those debt levels start to fall at IAE, TLW, PMO, ENQ etc etc these stocks will fly...falling debt, rising equity = it's a simple financial formula

[georgie pie] 10/6/2016 11:30

I would think/hope the rig would be en route by then....although a bit of expected profit taking had dipped us today I can see it coming back towards the end of the day....I doubt many would want to risk being out come Monday morning as we could well see FPF1 underway.

[cfccfc1970] 10/6/2016 05:54

I see IAE presenting on the 20/06/16 at Macquarie Oil & Gas Leaders Conference....lets hope they can talk about sailaway!!!!

AGM 22/06/16...fingers crossed June is a good month!!

[georgie pie] 08/6/2016 22:23

Brent @52.67 and the Dow finished over the magiacal 18,000. Another blue day tomorrow and 53 bucks on the cards.

[o1lman] 08/6/2016 15:54

By Dan Molinski

U.S. crude stockpiles declined slightly more than expected in the week ended June 3, while inventories of gasoline and other fuels surprisingly increased, according to data released Wednesday by the Energy Information Administration.
Crude-oil stockpiles fell by 3.2 million barrels to 532.5 million barrels, but remain at historically high levels for this time of year, the EIA said. Analysts surveyed by The Wall Street Journal had predicted supplies would fall by 3.1 million barrels on the week.
Oil stored at the Cushing, Okla., delivery point for U.S. stocks, decreased by 1.4 million barrels to 65.6 million barrels, the EIA said in its weekly report.
Gasoline stockpiles increased by 1 million barrels to 239.6 million barrels. Analysts were expecting a 500,000-barrel decline.
Distillate stocks, which include heating oil and diesel fuel, jumped by 1.8 million barrels to 151.4 million barrels, leaving them well above the upper limit of the average range, the EIA said. Analysts had expected supplies to decline by 300,000 barrels from a week earlier.

[deanroberthunt] 08/6/2016 15:48

$200 Oil, that's what this has set up.

[o1lman] 08/6/2016 15:42

Rich73 8 Jun'16 - 15:26 - 18480 of 18482 0 0

I agree with the gersemi, the key is recognising a completely oversold market. Anyone in the oil business could see (sub)30$ oil had gone way too far, and like every other swing will probably correct too far.

[deanroberthunt] 08/6/2016 15:39

Inventory draw bigger than expected

[rich73] 08/6/2016 15:26

I agree with the gersemi, the key is recognising a completely oversold market. Anyone in the oil business could see (sub)30$ oil had gone way too far, and like every other swing will probably correct too far.

This sector had the look of late 2008 into 2009 all over again, and multiple sector companies will multi-bag, some good and some bad. So no need to congratulate yourself too much as momentum will probably make some unwise decisions come good, but the key, as during the last cycle is knowing when to get out. Some will go too early and regret it, some will stay too long and regret it. A lucky few will be near the top.

Good luck and may the oil trend continue for now.

[whiskeyinthejar] 08/6/2016 15:10

Storage won't reverse the trend. Don't forget demand is growing. The appeal of storing oil grows as traders eye the shortage.

[ngms27] 08/6/2016 14:51

Don't forgot storage, probably 3 months equivalent oil

[whiskeyinthejar] 08/6/2016 14:37

I think that's changed. Shale is much more efficient now.

But we don't need complete collapse of shale to see oil surplus turning into deficit. Another 10% fall in production IIRC is forecast this year by IEA and that will do nicely IMO.

[georgie pie] 08/6/2016 14:07

some shale is profitable at 60 bucks but only just... eagle ford basin I think....no company goes in to make a tiny profit as getting backing is not as easy as it once was ....but most need 90-100 for a proper operating profit so we are a while away form that at the moment. by the time oil is back to $100 we will be at £4!! :-)