RE:waiting for crow...
Very obvious that there are some people on the board that only read bad into every NR. Let me put it to you this way ......................did Ithaca have to make the Summit acquisition???? I think not but they know that even though they are making it with 8.125% interest money that it is still a screaming buy for them. They will have this Summit deal paid for very quickly once Stella is on line.
If you do not like the management team and the direction of the company then just move on.
You should all be buying this company at these low prices now as the story will only get better from here on in. Once again, the road will have it's bumps but that is only because these guys are taking on a huge under taking and some people out there would just love to see them fail.
What do you think Ithaca will be doing when they gather up some cash from the Stella oil???? Most likely buying assets that are worth a billion dollars.
This has always been their plan so don't get wrapped around the drive shaft every time they make a deal.
I would buy these notes if I could as this is a great deal for all the players involved.
Buy on any dips in the SP and it will be paying off in spades soon enough.
The deal is out now and the notes have already been sold/sold/sold.
Great company/ Great management team and we also have Great production and a Great Brent price.
It's all good folks.