RE:Great Q. Looks in line with expectations.ERTguy....granted IAE has sprung back , but only after dropping to its recent lows of January.
In fact for those who have been around for a number of years, IAE is performing poorly.
Since the drop in the POO in the Summer of 2014 , IAE remains at half its price , when in fact
the larger SU, CVE, CNQ...and even the XEG Index have all performed much better.
Don't get me wrong , I think it is finally in a position where the SP will rise, but even if POO rises by 50% I don't think we will see $2.50 short of another Offer.
Most of us longs would still be suffering without averaging down when it tanked last January.
Todays activity was a disappointment...it will prob pull back again to the $1.20s and then move up leading into the upcoming NR.