RE:$114.00 Brent4.5% pop in the price of brent in a few days? check.
It would be nice if it keeps climbing. Most oil stocks are valued on future potential (which Ithaca has gobs of btw) but these guys are producing now and not being given credit for it.
If any oil stock should be at least moving up in step with the jump in oil, it should be this one.
But that just isn't going to happen as long as this CIBC/Anon manipulator is intent on keeping the sp under $1.90.
It looks to me like he is trying to shake the tree and grabbing everything weak hands let loose right now. Makes me wonder why, and how much longer they can get away with it in the face of jumping Brent Crude prices.
At $114 Brent, they are literally cash flowing their market cap at the moment. What other oil stock can you say that about today?
$114 x 365 x 14000 = $582,540,000