Ithaca Energy Inc.

IAE-T

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Analysis and Opinions about IAE-T

Signal
Opinion
Expert
HOLD
HOLD
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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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.

COMMENT
COMMENT
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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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.

COMMENT
COMMENT
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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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.

DON'T BUY
DON'T BUY
July 21, 2014

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.

DON'T BUY
DON'T BUY
June 24, 2014

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.

DON'T BUY
DON'T BUY
May 27, 2014

(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.

SELL
SELL
May 14, 2014

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.

DON'T BUY
DON'T BUY
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.

COMMENT
COMMENT
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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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.

SELL STRENGTH
SELL STRENGTH
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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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.

COMMENT
COMMENT
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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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.)

BUY WEAKNESS
BUY WEAKNESS
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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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.

BUY
BUY
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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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.

BUY
BUY
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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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.

COMMENT
COMMENT
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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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.

COMMENT
COMMENT
August 13, 2013

North sea oil producer. Have just gone through a big acquisition so it is in transition in terms of future growth profile. It is a higher risk. Reserves and developments they have cost a lot of money but it is a “future” story. The next 3-4 years should be pretty good. Likes the management team. In terms of North sea exposure, it is one of the better companies.

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North sea oil producer. Have just gone through a big acquisition so it is in transition in terms of future growth profile. It is a higher risk. Reserves and developments they have cost a lot of money but it is a “future” story. The next 3-4 years should be pretty good. Likes the management team. In terms of North sea exposure, it is one of the better companies.

DON'T BUY
DON'T BUY
July 16, 2013

Why is this so discounted compared to some of the Western Canadian producers when it is getting world prices? He couldn’t understand this either but finally got so fed up he just sold his holdings. It has chronically disappointed over the last 3 years in terms of production.

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Why is this so discounted compared to some of the Western Canadian producers when it is getting world prices? He couldn’t understand this either but finally got so fed up he just sold his holdings. It has chronically disappointed over the last 3 years in terms of production.

BUY
BUY
June 21, 2013

Stock is cheap. Have lagged on their production guidance. Brought Athena on line a couple of years ago and the well behaviour disappointed the market. However, they are about to bring on Stella in 2014. There may be more ramp up issues that have to be faced. At a 1 to 2 times cash flow kind of valuation over the next year, 2014 earnings, she feels the stock justifies the downside risk. If Stella comes on, this could get back to the $2.25 range.

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Stock is cheap. Have lagged on their production guidance. Brought Athena on line a couple of years ago and the well behaviour disappointed the market. However, they are about to bring on Stella in 2014. There may be more ramp up issues that have to be faced. At a 1 to 2 times cash flow kind of valuation over the next year, 2014 earnings, she feels the stock justifies the downside risk. If Stella comes on, this could get back to the $2.25 range.

PAST TOP PICK
PAST TOP PICK
June 13, 2013

(Top Pick Jun 22/12, Down 2.19%) They made a major acquisition. It was sold only because they didn’t know the company. This is North Sea oil and they are now producing more of it. Ripe for take-over. Thinks the stock is cheap.

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(Top Pick Jun 22/12, Down 2.19%) They made a major acquisition. It was sold only because they didn’t know the company. This is North Sea oil and they are now producing more of it. Ripe for take-over. Thinks the stock is cheap.

BUY
BUY
June 11, 2013

(Market Call Minute.) Thinks it is the cheapest oil company in the world, trading at about 1.5X cash flow.

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(Market Call Minute.) Thinks it is the cheapest oil company in the world, trading at about 1.5X cash flow.

BUY WEAKNESS
BUY WEAKNESS
May 22, 2013

North sea operator, so a lot of abandonment liability. In terms of overall, he thinks it looks fairly attractive. Wait until the summer weakness he is predicting subsides to get your position.

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North sea operator, so a lot of abandonment liability. In terms of overall, he thinks it looks fairly attractive. Wait until the summer weakness he is predicting subsides to get your position.

PAST TOP PICK
PAST TOP PICK
April 5, 2013

(A Top Pick June 11/12. Up 2.35 %.) Sold her holdings but just bought back in yesterday. Production has been fairly disappointing however, valuation has gotten to a point where it is trading at 1X cash flow. It now looks very attractive to her technically.

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(A Top Pick June 11/12. Up 2.35 %.) Sold her holdings but just bought back in yesterday. Production has been fairly disappointing however, valuation has gotten to a point where it is trading at 1X cash flow. It now looks very attractive to her technically.

BUY
BUY
March 26, 2013

In the middle of a takeover of Valliant Petroleum in the UK and some of it is for stock so hedge funds are shorting it. At the current price, it is a good buy. Will be trading at 1.5X cash flow which is amazingly cheap. Once the deal closes (April 18?) he expects the stock will rebound.

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In the middle of a takeover of Valliant Petroleum in the UK and some of it is for stock so hedge funds are shorting it. At the current price, it is a good buy. Will be trading at 1.5X cash flow which is amazingly cheap. Once the deal closes (April 18?) he expects the stock will rebound.

COMMENT
COMMENT
March 1, 2013

North Sea production. Felt that the stock had an NAV of at least $3 and they’re sitting on a lot of cash, but just announced a proposed takeover today of Valliant Energy which changes things. If this goes through, the company will be a lot larger.

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North Sea production. Felt that the stock had an NAV of at least $3 and they’re sitting on a lot of cash, but just announced a proposed takeover today of Valliant Energy which changes things. If this goes through, the company will be a lot larger.

WATCH
WATCH
February 15, 2013

There has been quite a lid on it since mid 2012. You need to see it break out of the $2.50 range. Otherwise it could retrace back to the lower end of its trading range.

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Ithaca Energy Inc. (IAE-T)
February 15, 2013

There has been quite a lid on it since mid 2012. You need to see it break out of the $2.50 range. Otherwise it could retrace back to the lower end of its trading range.

HOLD
HOLD
January 15, 2013

Concentrating on the Greater Stella Area and the growth of production looks quite strong. Doesn’t see any balance sheet issue. Not sure why it hasn’t performed better but that can be said for many of the juniors/intermediate players.

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Ithaca Energy Inc. (IAE-T)
January 15, 2013

Concentrating on the Greater Stella Area and the growth of production looks quite strong. Doesn’t see any balance sheet issue. Not sure why it hasn’t performed better but that can be said for many of the juniors/intermediate players.

BUY
BUY
December 28, 2012

6000 barrel per day producer out of the UK North Sea. Brent prices are significantly higher than both WTI and Canadian. They will generate excellent cash flows. Put themselves up for sale earlier this year. With no buyers, the stock dropped to about $1.50 and is now inching its way back up. A good hold in the intermediate oil/gas space.

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Ithaca Energy Inc. (IAE-T)
December 28, 2012

6000 barrel per day producer out of the UK North Sea. Brent prices are significantly higher than both WTI and Canadian. They will generate excellent cash flows. Put themselves up for sale earlier this year. With no buyers, the stock dropped to about $1.50 and is now inching its way back up. A good hold in the intermediate oil/gas space.

HOLD
HOLD
December 10, 2012

Fundamentally in good shape. Disappointed last quarter. No catalyst going forward but there is nothing wrong with the name.

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Ithaca Energy Inc. (IAE-T)
December 10, 2012

Fundamentally in good shape. Disappointed last quarter. No catalyst going forward but there is nothing wrong with the name.

PAST TOP PICK
PAST TOP PICK
November 23, 2012

(A Top Pick Dec 16/11. Up 9.04%.)

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Ithaca Energy Inc. (IAE-T)
November 23, 2012

(A Top Pick Dec 16/11. Up 9.04%.)

BUY WEAKNESS
BUY WEAKNESS
November 16, 2012

Have baggage because of being an object of a takeover that never took place. North sea gives you a premium to WTI. More and more production, excellent balance sheet. And he things it is still in play. Buy under $2

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Ithaca Energy Inc. (IAE-T)
November 16, 2012

Have baggage because of being an object of a takeover that never took place. North sea gives you a premium to WTI. More and more production, excellent balance sheet. And he things it is still in play. Buy under $2

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Ithaca Energy Inc.(IAE-T) Rating

Ranking : 1 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 0

Stockchase rating for Ithaca Energy Inc. is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Ithaca Energy Inc.(IAE-T) Frequently Asked Questions

What is Ithaca Energy Inc. stock symbol?

Ithaca Energy Inc. is a OTC stock, trading under the symbol IAE-T on the (). It is usually referred to as or IAE-T

Is Ithaca Energy Inc. a buy or a sell?

In the last year, there was no coverage of Ithaca Energy Inc. published on Stockchase.

Is Ithaca Energy Inc. a good investment or a top pick?

Ithaca Energy Inc. was recommended as a Top Pick by Peter Hodson on 2017-01-18. Read the latest stock experts ratings for Ithaca Energy Inc..

Why is Ithaca Energy Inc. stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Ithaca Energy Inc. worth watching?

0 stock analyst on Stockchase covered Ithaca Energy Inc. In the last year. It is a trending stock that is worth watching.

What is Ithaca Energy Inc. stock price?

On , Ithaca Energy Inc. (IAE-T) stock closed at a price of $.