Lots of moving partsEvery oil and gas company on the planet has outages and maintenance issues with there fields??
Ithaca has 11 fields so of course you are going to have these ups and downs. The focus should be what will this company look like in 12 months???? They have done some pretty good hedging from what I can see and the price of Brent is very strong so more hedging at these higher prices will also take place.
If the price remains low at these levels and the production starts to climb as it should, then you can count on it that somebody will be looking at them as prey and will take them out.
12 short months will tell the tale of this company. As we speak it looks like Stella is on schedule and that is great!!!
If we can hit that 25,000 boepd by this time next year and Brent is strong then look out.
Once again you should be buying when the mood of the crowds are sour and people are questioning every single small detail of this company. Ithaca now has a lot of moving parts folks and that is something you just have to get used to if you invest in it.
Stay the course and wait 12 months.