Ithaca Energy Share Discussion Threads

[allotment] 29/7/2016 16:45

another bunch of shorters who dont like it up em...gd wkend all

[allotment] 29/7/2016 16:39

Le edge le edge...the hedge...who is this numpty we are reducing debt read the announcements....struth where do these uneducated idiots come from spouting their own book

[ngms27] 29/7/2016 16:23

I don't argue with the breakeven figure, but look at the cash flow required to service the debt and to start paying it down. They won't meet the debt arrangements with oil below something like $70

[jonc] 29/7/2016 16:02

I would have thought that the recent fall in the POO and the retrace in IAEs share price indicate that ng is correct in saying that IAE is a geared play on the POO.

Sure sale away will be good but the price is dependent on the POO.

[whiskeyinthejar] 29/7/2016 15:44

Youve been asked repeatedly for evidence of your "research". But you have none of course.

The company says break even is below $30 post Stella. Without hedges. Ive already posted links, but Ill post them again if you are still confused.

Everything above break even is free cash flow.

Maybe you should have a think about the fca warning on the page about making misleading statements?

[ngms27] 29/7/2016 15:17

Some of us have researched and analysed where the cash flow will take us. The answer is a potential Afren mark II unless there is a significant rise in POO in 2017.

NAV means absolutely nothing in this Sector, it's all about free cash flow.

[allotment] 29/7/2016 15:04

some people cant research...we are significantly hedged at US$60/barrell into 2017 with a nav of circa £1.50.......ah well back to sleep

ngms what dont you get?

yawn zzzzzzzzzzzzz

[georgie pie] 29/7/2016 14:50

maybe correct who knows...but they would have the cash to pile in and swallow up IAE...being the lowest cost producer and new pipeline deal is a massive bonus especially when the oil share price returns to normal levels (whatever that is nowdays!)

[ngms27] 29/7/2016 13:50

I don't think any majors are interested in any new North Sea assets, too expensive and discoveries are too small to spend management time on.

It's a pool for mid and small caps now.

[ngms27] 29/7/2016 11:59

I doubt sail away will have any impact on the share price It's a pure play on POO at the moment and will become more leveraged if oil stays below $60 for the next 6 months given the debt situation.

[georgie pie] 29/7/2016 11:40

nice to see IAE holding firm...should tick up nicely today as rig sail away RNS could well be Monday

[flyingbull] 29/7/2016 07:36

Feel the Heat! :-) At least in US anyway. Henry Hub gas price jumped ~8% yesterday.

The monthly oil challenge is on.....deadline for entry is midnight this Sunday.

[whiskeyinthejar] 29/7/2016 07:32

The Balder Viking and Tor Viking have both reappeared off Denmark. On way to Gdansk.

Think I was wrong to suggest they'd turned off tracking. Tracking just doesn't cover sea areas too far from land.

[oilretire] 28/7/2016 20:52

Sun on Mon at earliest....

[georgie pie] 28/7/2016 13:38

sea trials must be near enough done & dusted....be nice to finally see FPF1 on way to Stella

[whiskeyinthejar] 28/7/2016 08:52

The Balder Viking and Tor Viking both have destination changed to Gdansk.

Both seem to have turned off their tracking transponders, but give their ETA at Gdansk as 31st July.

[bountyhunter] 27/7/2016 13:21

...agreed

interesting to note that Brent's premium to WTI is not as great right now (proportionally) as it was...

[fsawatcher] 27/7/2016 12:01

it make me laugh when you see api numbers or eia numbers and they all 'draws' but now not enough draws

oil got hammered when oil stock was buildin and now it jus draw after draw after draw.

it inevitable where oil is goin and that be up

but spivs want $41pb so get nice 50% profit rally goin into 2017

nuffin wrong with that but they all buyin when they pump out stories of doom and gloom

[georgie pie] 27/7/2016 11:39

Plenty buys returning today...I'd happily say the bottom was reached yesterday.

[georgie pie] 27/7/2016 11:39

Plenty buys returning today...I'd happily say the bottom was reached yesterday.

[bountyhunter] 27/7/2016 08:51

aligning with yesterday evening's rise in Canada at the open