RE:RE:Target up to $ 3.50 this AM.It was good to have the RBC target raise announced today. The release of an increae in target from $3.20 to $3.50 really helped keep the heat off of Ithaca. It was up nicely until the oil sector selling came crashing down. Poor Bankers (along with most crude leveraged producers) was really beat down but bounced back a little. For Ithaca to close flat on a say like today is great. We need Saudi Arabia to real in the production buy about a million bbls per day. The greedy turds are pumping 10.4 million bbls per day of late. They of course realize that it is counter productive to over produce in an over supplied market. But of course greed trumps common sense just about each and every time!!
I really hope that A2 is as good or better than A1. If it is, the share price will definitely test $3 and stay in the high twos as Stella for all intents and purposes would be pretty much fully de-risked so there would not be much doubt as to the initial production level of 30,000 BOEPD.