Ithaca Energy Share Discussion Threads

[fsawatcher] 26/7/2016 19:14

if big draw number comes in on eia tomorrow, you gonna see 55p to 60p quick on this one

shorters had some good fun from poo at 54 down to 44 and norm they close out before month ends

they holdin out for bad eia numbers but if they dont come, they close out and mini relief rally comin

[freddie ferret] 26/7/2016 17:21

POO falls price falls.

[georgie pie] 26/7/2016 14:00

total oversold and a bargain at this price..the shorters have had their game with this stock and I hope they get burnt to bits when rns announce rig it at stella and hooking up....10-12 weeks this will be back and surpass 76p high of recent weeks.

[whiskeyinthejar] 26/7/2016 13:03

Good volume today. Seems to be support at these levels anyway.

Ithaca has similar gearing to Premier just now, but Stella is transformational for Ithacas debt.

Last October RBC reckoned that not only should Ithaca reduce debt, but it could actually pay off the RBL debt by 2018.



Oil price outlook has deteriorated since then, but March this year RBC note progress in reducing debt:



And Moodys last week changed their stance on Ithaca debt to "stable" as they see Ithaca debt is declining. They expect Stella to contribute two or three months production this year. Linky is in header.

Stella is just such a big deal that I doubt sail away is priced in. Look what happened last week when fpf1 unexpectedly moved back into dock after finishing the inclination tests. Will the market continue to worry about problems of hooking up FPF1 or will excitement build as we watch FPF1 move towards Stella? We'll soon see.

[bountyhunter] 26/7/2016 12:12

the market may have been told but it's not there until it's there, there have been so many delays in the past; it will be an element of uncertainty removed when it finally arrives at it's destination;
the declining oil price is having a negative impact right now for sure

[fsawatcher] 26/7/2016 11:46

market already been told when fpf1 sailin and arrivin at stella

tsx short term bottom look like 75cents

only nuther 14 cents away so easy to punch that card in

about 42p uk money

can see this testin 38p again if they get more delays

I cant see them doin first oil in 2016 but reckon directors will make sure it flow before 31st dec to save keep some face

proper job production start in 2017

Poo goin to $41 on wti soon

[bountyhunter] 26/7/2016 11:36

Boa Bison next charter Ithaca Energy 06/08, currently in Bergen
...not sure how that fits into the picture, not necessarily related to the FPF1
hxxp://www.spoton.info/#/spotlist
hxxp://www.spoton.info/#/vessel/31387

[fsawatcher] 26/7/2016 11:07

Canuks goin to take this lower like they did last night

iae gettin shorted across pond and currency not helpin

down to 45p odds on if poo go to $41

oil consumption figures out of US tonight and Eia numbers tomorrow

shorters go for big push if these numbers weak so they get calls filled at $41

IAE done well but lookin like a 30p to 40p stock until poo get past 50 again

delays on stella now mean they goin to miss debt repayment plans unless poo get over 60 in 2017

companies with high debt now back in sights of shorters

that why PMO and ENQ drop hard over last month and IAE follow

i cant see how they can use new pipeline route without addin in more delays

but they not tell you that yet

[gersemi] 26/7/2016 10:31

Well, this is looking a tad weary!

[johnrxx99] 26/7/2016 10:04

Could be 45p then.

[kaytom] 25/7/2016 16:41

Over 26% down in the last 16 trading days, thats more than it being a geared oil price play.
Olympic Octopus (if involved)now showing booked from 31/07.

[cfccfc1970] 25/7/2016 16:14

Finn Cap Broker Note dated 22/07
FPF-1 update BUY
As part of its pre sail away testing, the company has successfully
completed the inclination test. The platform will now be moved to a deep
water position offshore Gdansk for trials ahead of sail away to the Stella
field.
Project details. Post sail away, there is a clearly defined series of activities to
be completed once the platform reaches the field, resulting in the field coming
onstream. Stella adds 16,000boe/d of net new production. The company
recently announced that it had secured access to an export pipeline rather than
relying on tankers. The result of this will be a 10-15% reduction in opex, which
enhances the overall project economics even further.
Outlook. The purpose of this facility is to act as an infrastructure hub in order
to bring satellite fields surrounding Stella onstream cost effectively. Planning
work is already underway to bring the Harrier field onstream to maintain the
company’s production profile at 25,000boe/d. In our view, the sail away of FPF-
1 and the eventual turning on of the taps at Stella are the two keys events for
the company in 2016 and are therefore major share price drivers to be
anticipated.

[laserdisc] 25/7/2016 12:33

C usually means on a t20 settlement which would have to be settled by 22/08/16

[oxie] 25/7/2016 08:42

Looking at the trades on ADVFN there are a number of 'O' trades with a 'C' suffix. Are these cancellations?
TIA

[bountyhunter] 24/7/2016 18:21

thanks but can't get that link to work