Ithaca Energy Inc. (IAE.TO) Buy, Sell or Hold

Ithaca Energy Inc. (IAE.TO)

Wealthica The ultimate 360° Tracker Your financial life in one place, automatically

0.00

-0.00 (0.00%)

48 watching

BUY

Poster child for a small oil stock that has been lambasted. A development well they drilled came in wet so they could not meet their production forecast. 2.3 times cash flow. He is looking at buying it.

BUY

North sea so there are British tax increases. They had production misses. Still remains a big production co. and one they like.

STRONG BUY

Has come off for a couple of reasons. 1) British raised their royalties on North Sea oil but this company is entirely unaffected as they have 3-4 years of tax pools. 2) Had a couple of pump failures in a well, which is normal. Good management. Terrific buying opportunity and could be one of the top performers for the year.

COMMENT

North Sea producer of about 5,000 barrels a day. Has been a lot of noise in the North Sea recently including tax increases, abandoning liabilities and mitigation of tax changes. North Sea is very difficult because of high costs, very weather dependent, hostile environment in winter. Cheap at 2.5X price to cash flow. Enough cash for funding another year or two. Expects a big production bump in Q4 so there will probably be a bump in the share price.

BUY

North Sea oil. Debt free. Produce about 4,500 barrels a day. Another play, Athena, will be producing about 5,000 later on. Attractive.

WAIT

Explosive growth 24+months out. Has owned it in the past. Might add some in the summer.

BUY

A great time to buy. 5 wells they are drilling this year. You buy this and you are rewarded over time.

BUY ON WEAKNESS

UK has recently raised taxes and the stock got hit. Has some very good plays in the North Sea and their funding is in good shape. If you own, stay with it and Buy on weakness.

BUY

One of his largest positions. North Sea oil producer. Terrific management brought it back from $0.22 to $3. Came off a little, largely because of the tax issue. UK government sideswiped the oil producers by putting some higher royalties on them. Expecting them to increase production dramatically over the next couple of years.

TOP PICK

Oily, North Sea. Dip recently when UK government raised tax on North Sea production. They have tax losses to avoid the tax for 5 years. Markets aren’t pricing in the increased cash flow from an acquisition that is almost completed.

BUY

Explorer and developer in the North Sea. Doing quite well in bringing older fields into production and exploring for them. Enjoying the higher prices they have been getting in the last little bit, which benefits their cash flow. Doesn’t see any impediments on regulatory issues.

BUY

Pure play in the North Sea, primarily oil with a bit of gas. Producing around 5500 BOE’s a day. Will be doubling production in each of the next 2 years. At $90 oil it has a 2 P/NAV of $3.55, about 30% upside. At $100 it has a NAV of $3.90. Fully funded. Lower risk because it is not pure exploration. Good management and a pretty good balance sheet.

COMMENT

Expect it could have a little more upside but it won’t be a lot. Would wait for a much more significant pull back such as $2.50.

TOP PICK

(A Top Pick Jan 20/10. Up 94.96%.) North Sea oil/gas producer. Was extremely cheap at 1X cash flow. Did a funding last year so have capital to execute their program and are on track to triple production over the next couple of years.

BUY

Is a recent purchase of his just before it ran. Still buying on this little dip. North sea oil producer. Pretty big production gains coming late 2011-13. Stock is very cheap. Could still double from $2.40.

Showing 76 to 90 of 113 entries

Most Recent Experts

Joe Terranova

Virtus Investment Partners

Stephen Weiss, Founder, Short Hills Capital Partners

Short Hills Capital Partners

Rob Sechan, Managing Partner, New Edge Capital

New Edge Capital

Gordon Reid

GoodReid Investment Counsel

Jim Cramer - Mad Money

CNBC

Stockchase, in its reporting on what has been discussed by individuals on business television programs (in particular Business News Network), neither recommends nor promotes any investment strategies.

We paraphrase the experts by hand, we watch the shows and write down what we understood from the experts’ comments. We are human and can make mistakes, help us fix any errors. If you see something that you know is not right or if there is a problem with the site, feel free to email us at : [email protected].

Summer Sale

Ithaca Energy Inc. (IAE.TO)