Ithaca Energy Inc. (IAE-T) Stock Predictions - Stockchase
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Ithaca Energy Inc. (IAE-T)

ON STOCKCHASE SINCE Aug 2008

Delisted June 2017

oil/gas

Ithaca Energy Inc.

IAE-T

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Ithaca Energy Inc. (IAE-T) SAVE Dec, 31, 1969, 7:00 pm

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Ithaca Energy Inc.(IAE-T) 

January 18, 2017

This has a stellar project in the UK. They’ve had lots of delays in getting the platform, and basically there was a lot of expectations for them to have a massive increase in cash flow a long time ago. It does look like it is going to hit this year, even with another delay. They’ll probably get production going substantially above previous levels. The stock is very, very cheap. They’ll take the cash flow and bring down debt, and the stock should get re-rated. There is plenty of potential if things go right.

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This has a stellar project in the UK. They’ve had lots of delays in getting the platform, and basically there was a lot of expectations for them to have a massive increase in cash flow a long time ago. It does look like it is going to hit this year, even with another delay. They’ll probably get production going substantially above previous levels. The stock is very, very cheap. They’ll take the cash flow and bring down debt, and the stock should get re-rated. There is plenty of potential if things go right.

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Peter Hodson

CEO & Head, 5i Research Inc....

Price Price
$1.670
Owned Owned
Unknown

COMMENT
Ithaca Energy Inc.(IAE-T) 

December 22, 2016

This is a North Sea play. Their biggest field, Stella, is expected to come online in January. Assuming it comes online as planned, the stock looks very cheap, trading at about 4.5X debt adjusted cash flow. Its peers are trading more at 6-8 times. Expect there will be some re-rating once the Stella field comes online.

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This is a North Sea play. Their biggest field, Stella, is expected to come online in January. Assuming it comes online as planned, the stock looks very cheap, trading at about 4.5X debt adjusted cash flow. Its peers are trading more at 6-8 times. Expect there will be some re-rating once the Stella field comes online.

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James Hodgins

Chief Inve, Curvature Hedge Stra...

Price Price
$1.530
Owned Owned
Yes

COMMENT
Ithaca Energy Inc.(IAE-T) 

January 14, 2015

Had really liked management, but they had rebuffed a couple of takeover offers, so he sold his holdings. The North Sea is an expensive place to produce oil. They are prudent managers, so he expects they probably have a third to a half of their production hedged for 6 months to a year.

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Had really liked management, but they had rebuffed a couple of takeover offers, so he sold his holdings. The North Sea is an expensive place to produce oil. They are prudent managers, so he expects they probably have a third to a half of their production hedged for 6 months to a year.

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Michael Decter

President , Lawrence Decter Inve...

Price Price
$1.120
Owned Owned
No

DON'T BUY

Base building through mid-’13 to mid-’13.  Now it is going through a horizontal trading range.  $2.30 is important support.

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Base building through mid-’13 to mid-’13.  Now it is going through a horizontal trading range.  $2.30 is important support.

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Ron Meisels

President, P & C Holdings...

Price Price
$2.500
Owned Owned
Unknown

DON'T BUY

It should be getting Brent prices, but he has never been a fan of the North Sea.

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It should be getting Brent prices, but he has never been a fan of the North Sea.

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Mason Granger

Portfolio , Sentry Investments...

Price Price
$2.660
Owned Owned
No

DON'T BUY

(Looking for a short term trade.) Had a couple of tests of just under a $3 resistance point. Couldn’t break that and the most recent support of $2.54 was take out. Technically he would be a little nervous of it and would like to see it break $2.50 before getting too excited.

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(Looking for a short term trade.) Had a couple of tests of just under a $3 resistance point. Couldn’t break that and the most recent support of $2.54 was take out. Technically he would be a little nervous of it and would like to see it break $2.50 before getting too excited.

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Keith Richards

Portfolio , ValueTrend Wealth Ma...

Price Price
$2.470
Owned Owned
No

SELL

Believes this is worth more than what it is trading at. He exited his position because he was very frustrated that they didn’t take any the offers that came their way. Although he has a high regard for management, one of the issues is that management is well paid, but they don’t own a lot of stock, so there is no big incentive for them.

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Believes this is worth more than what it is trading at. He exited his position because he was very frustrated that they didn’t take any the offers that came their way. Although he has a high regard for management, one of the issues is that management is well paid, but they don’t own a lot of stock, so there is no big incentive for them.

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Michael Decter

President , Lawrence Decter Inve...

Price Price
$2.490
Owned Owned
No

DON'T BUY
Ithaca Energy Inc.(IAE-T) 

April 16, 2014

Was supposed to be a takeover quite a while ago and he lost patience with it. This one always seems to be next year’s story.

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Was supposed to be a takeover quite a while ago and he lost patience with it. This one always seems to be next year’s story.

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Jerome Hass

Portfolio , Lightwater Partners...

Price Price
$2.650
Owned Owned
No

COMMENT
Ithaca Energy Inc.(IAE-T) 

December 16, 2013

Essentially a play on North Sea oil. A development company that just manages to find ways to never deliver, it is always next year’s story. He just got tired of the name.

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Essentially a play on North Sea oil. A development company that just manages to find ways to never deliver, it is always next year’s story. He just got tired of the name.

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Jerome Hass

Portfolio , Lightwater Partners...

Price Price
$2.700
Owned Owned
Unknown

SELL ON STRENGTH
Ithaca Energy Inc.(IAE-T) 

December 3, 2013

Buy at $2 and sell at $2.75-$3.  The Street loves it.  Trading well below NAV.  It could be in play.  Take a little profit above $2.60.

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Buy at $2 and sell at $2.75-$3.  The Street loves it.  Trading well below NAV.  It could be in play.  Take a little profit above $2.60.

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Irwin Michael,

Portfolio , ABC Funds...

Price Price
$2.580
Owned Owned
Yes

COMMENT
Ithaca Energy Inc.(IAE-T) 

November 15, 2013

Stock has done well and still has lots of upside in bringing on new production. If you want an alternative involved in the UK North sea, look at. Sterling Resources (SLG-X). (See Top Picks.)

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Stock has done well and still has lots of upside in bringing on new production. If you want an alternative involved in the UK North sea, look at. Sterling Resources (SLG-X). (See Top Picks.)

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Josef Schachter

President, Schachter Asset Mana...

Price Price
$2.460
Owned Owned
Unknown

BUY on WEAKNESS
Ithaca Energy Inc.(IAE-T) 

November 8, 2013

Exited his position a couple of months ago when they announced the Stella results and the stock bumped about 30% in a month. It always looks cheap. Because it is the North Sea with $50 million per well, some times it takes a long time. He would look at buying it back, but closer to $2. He can see $3.20 but based on track record, that would be the 2015 target.

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Exited his position a couple of months ago when they announced the Stella results and the stock bumped about 30% in a month. It always looks cheap. Because it is the North Sea with $50 million per well, some times it takes a long time. He would look at buying it back, but closer to $2. He can see $3.20 but based on track record, that would be the 2015 target.

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Bruce Campbell

President, Campbell and Lee Inv...

Price Price
$2.440
Owned Owned
No

BUY
Ithaca Energy Inc.(IAE-T) 

November 7, 2013

There is continued development of the Greater Stella field in the North sea. Production has been pretty strong. Feels this is a pretty solid name. Had a few challenges with operational misses a few years back but, in the international space, this screens quite well. Looks quite attractive.

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There is continued development of the Greater Stella field in the North sea. Production has been pretty strong. Feels this is a pretty solid name. Had a few challenges with operational misses a few years back but, in the international space, this screens quite well. Looks quite attractive.

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John Stephenson

President , Stephenson & Company...

Price Price
$2.380
Owned Owned
No

BUY
Ithaca Energy Inc.(IAE-T) 

September 20, 2013

North sea oil producer. Feels it has an NAV of $3-$3.50. They were under a lot of pressure. When they took over Valliant energy and paid it off in stock, a lot of the Valliant shareholders liquidated their stock. In the Greater Stella, the 1st well came in at over 10,000 barrels a day and they have 3 or 4 others, which got people all excited. The Valliant acquisition took them up to a higher level and it should be and could be a takeover candidate, but it is no longer a small cap, it is now a mid-cap, which should gather a lot of people’s attention. Cheap.

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North sea oil producer. Feels it has an NAV of $3-$3.50. They were under a lot of pressure. When they took over Valliant energy and paid it off in stock, a lot of the Valliant shareholders liquidated their stock. In the Greater Stella, the 1st well came in at over 10,000 barrels a day and they have 3 or 4 others, which got people all excited. The Valliant acquisition took them up to a higher level and it should be and could be a takeover candidate, but it is no longer a small cap, it is now a mid-cap, which should gather a lot of people’s attention. Cheap.

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Irwin Michael,

Portfolio , ABC Funds...

Price Price
$2.470
Owned Owned
Yes

COMMENT
Ithaca Energy Inc.(IAE-T) 

September 11, 2013

Excellent flow results coming out of the 1st well from Stela. There are 4 being drilled. This justifies the $3+ NAV so it is one of the cheapest. You are paying about 1.5X cash flow which is ridiculously cheap. But, it’s North sea so it is riskier and it is $20 million a well. This will be quiet now for a couple of months.

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Excellent flow results coming out of the 1st well from Stela. There are 4 being drilled. This justifies the $3+ NAV so it is one of the cheapest. You are paying about 1.5X cash flow which is ridiculously cheap. But, it’s North sea so it is riskier and it is $20 million a well. This will be quiet now for a couple of months.

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Bruce Campbell

President, Campbell and Lee Inv...

Price Price
$2.350
Owned Owned
Yes

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