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

Ithaca Energy Inc. (IAE.TO)

0.00

-0.00 (0.00%)

48 watching

COMMENT

A North Sea play. Had a major disappointment last year when decline rates in their fields where a lot faster than expected.

TOP PICK

One of the great plays in the North Sea, not far offshore. Wonderful management team. Strong balance sheet. Very smart. Will be a significant beneficiary when BP has to start shedding assets after the Gulf disaster.

TOP PICK

Wonderful energy company in the North Sea. Terrific management. Will be increasing reserves substantially in the North Sea through the drill bit. Also looking to acquire some North Sea properties from BP (BP-N). Speculative.

BUY

Disappointed the company did a financing it $1.70. An excellent balance sheet and didn't need the money but have pre-funded all of their major developments for the next year or two. Good management.

DON'T BUY

Very cheap at about 1.9X Debt Adjusted Cash Flow basis. Did large equity financing at inopportune times over the last couple of years. Recently did a substantial equity raise. Fully financed until about 2013 for the 2 North Sea projects. Would like to own it when it reaches full development.

BUY

Was negative for some time and then started buying it a month or so ago. The outlook on the company is very, very good. No exploration – it is pure development.

HOLD

A little bit gassy but otherwise it is okay.

BUY

Loves this stock. Story just keeps getting better. Just got financing to help develop more of their properties. Can double production over the next few years.

COMMENT

One of the cheaper stocks as it has been a turnaround and is in the North Sea, which has a very short reserve life. Next 2 weeks should give news on their Stellar well, which should tell whether the stock goes up or down.

BUY

Great balance sheet and strong management. Prospects and acreage are very good. As appetite for risk increases in the market, stock will do very well. (Optimistic on the economy for this year but not forecasting beyond 12 months.)

BUY

Did a brilliant job of surviving the meltdown. Likes their North Sea projects but can they take on bigger projects without taking on more debt or a partner. Feels they will have to make a deal but doesn't think it will put the company at risk.

DON'T BUY

He tries to stay away from these types of things. He waits for predictable, stable and cheap enough.

RISKY

Has had a lot of new executives come into management and it is a strong team. Solid asset base. The cost of the wells are so much for a company of this size that you have an incremental level of risk. The big discoveries have been made in the North Sea.

BUY

Been through the worst and still have about $60 million of cash. One of the cheapest stocks at 2.5X price to cash flow. Have been outperforming guidance and estimates.

DON'T BUY

North Sea is a very difficult environment to operate in, in the energy sector. Would prefer something in Colombia like Gran Tierra (GTE-T). Decent enough company. Could be a homerun or a strikeout.

Showing 91 to 105 of 113 entries

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

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)