moonie2
07 Feb 2017
Re: Exchange rates This offer is oppurtunistic - the're using the exchange rates, and before Stella comes online. If people sell now Delek will be buying. Fed up being shafted by the market i.e GKP, Excite....I sold Cove on their first approach! I've actually bought bought some more, as I don't think this is final.Management, and Delek have only got 30% approx so far. Hold out for an improved offer...
c3pow
07 Feb 2017
Re: Exchange rates When the pound bought more, Can $, Now Canada gets more £ to the $ so 9 months ago this offer would have been much lowerLooking at it that way the offer is poor.To a Canadian this looks like a sub£1 offerSo this offer is low ball. Subterranean even
onedb1
07 Feb 2017
Currently trading below offer which is surreal . Heck even 1.95 / 1.63 = 119.6p To answer Lupo's question when Sterling bought more the offer would have been even more terrible . You want a weaker sterling not stronger here GBP / CAD at say 2 would have given you 97.5p.... Its 1.63 as I type .
jaxonsax
07 Feb 2017
Re: Long time holder breaks voyeuristic ... Agree completelyAll upside from here....why sell if you dont need the cash.....Been there before and sold out and lived to regret it when another bidder appeared and an auction started. Sitting tight this time
Lupo di mare
07 Feb 2017
Exchange rates The offer is priced in CA$. That being the case, am I right in thinking that we in the UK would have got a better price back when the £ bought more?
neepshed1
07 Feb 2017
Re: Suspicious There's a saying: buy cheap pay dear.The dodgey wiring is the result of a third party contractor most likely cutting costs in order to get the project finished and keeping manager and shareholders happy. Ithaca were at the mercy of these sharks hiring cheap labour.
Simbrad
22 Jun 2016
Two broker notes out today, FirstEnergy Capital & finnCap, both on research tree... FirstEnergy Capital: "Market reaction: positive. We view the pipeline export solution for Stella as being very good news. This has historically been a source of concern for us given the risk of downtime associated to weather. Exporting through a pipeline would boost uptime and will reduce opex/boe by US$1.5/boe. In addition, this will likely result in an increase of recoverable reserves (lower cost implies longer economical life of the field). The change over from tankers to pipeline in 2017 is expected to result in minimal down time." finnCap: "Ahead of today’s AGM, the company has provided an update on its operations at Stella. The sail away of FPF-1 is expected either at the end of June or early July. The company has also gained access to an export pipeline. Stella update. It is encouraging to see that commissioning activities at FPF-1 are reaching a close and sail away is imminent."
josmith70
17 Jul 2015
ABERDEEN-based Ithaca Energy has reported a strong operational update 17th July 2015 from its oil producing assets in the second quarter. North Sea-focused Ithaca told investors that average production in quarter two had been 12,667 barrels of oil equivalent per day (boepd). ... [link]
