RE: Ithaca no longer a junior Naka2112 wrote:
"2013 cash flow rises from $0.40/share to $1.30/share, which is more than triple. 2013 production will now jump to around 16,000 boe/d, with stella coming on just down the road 400 million cash flow for 2013"
imagine Billy Mays voice: BUT WAIT, THERE'S MORE! At today's share price, that's roughly 1.5:1 CF multiple with CF set to almost double over the next two years. We should be trading at a minimum of 3:1 CF given the growth profile. 2014 CF is projected at 600 Million with 2015 around 700. Stunning. Will IAE start giving out a dividend after debt is payed down or will they just continue eating up other companies with their own cash flow (I figure it's less than two years for this acquisition to pay for itself).