RE:RE:No Turn Around in Price of Oil Anytime Soon
impega go to sedar and read their complete finacial statements and then explain to me how the H you think iae is cash flow positive???????????????????????????
Iae would be so far in the hole, and probably not even solvent if they had't monetized a lot of their hedges, sold the norwegian assets and got a nice capital infusion from delek ( by giving up 20% of the company). IAE is quickly running out of options to make people like impega to think they are cash flow postive ( and I mean after capex and opex)
cheers ferret