Quality of this board has gone to hell.
Used to be knowledgeable posters who could discuss the company intelligently, both the risks and the upside. Now all I see are bashers and cheerleaders calling names. I'm sure at least some of you can actually discuss the company intelligently still. I have a friend going to Gdansk soon to supervise a ship construction project. I should see if he can get any info regarding the floating platform while there.
As to the rhetoric, like IAE 'blowing up', the company is on sound financial footing and has strong cash flows. In fact, the 1 yr projected cash flows are close to equalling the market value of the floated shares (not adjusted for debt). The cure for low oil prices will be low oil prices, as it always is. The glut of unconventional frack job oil from the US will dry up quickly - the depletion rates of most of those wells is pretty high (much higher than UK NS for example). China may have slowed it's economy, but it's still growing by 6% a year and the cost of maintaining the conventional oil production is trillions of dollars a year and is still resulting in lower conventional oil production. Shoulder season will soon be over and we'll see a bounce in energy prices. If the lower prices inhibit drilling (and in fact drilling has dropped significantly in many oil producing countries already) we'll see even higher oil prices next summer than this summer. I've seen silly commentaries saying things like "oh, but the 5 year commodities strip is so cheap right now, it must mean low oil prices for years to come!", but this blindly ignores the fact that futures that far out are always discounted by smart investors by 10%+ compounded annually.
Anyway, IAE is financially sound, producing around 12k boe/d and on track to more than double produciton next year. At this price it's a very compelling story.