I'm believe Delek knows what their doingDelek invested about 100 million CAD into iae at $1.05, yet there are some armchair critics worth a few grand here who claim to know better. Seriously, do these people believe that Delek didn't do their due diligence? Craziness.
Iae has has amazing hedges that protect part of their production
They will be producing close to 30,000 boe/d by the summer. They just redetermined their loans and have lots of financing room.
keep in mind today's volume was low, which simply suggests those with the nervous nellies are selling. Then someone dumped a thousand shares right at the close so that it would close down. That's manipulation that anyone with an iq of 4 or more can see through.
Jmo