Voya Asia Pacific High Dividend Equity Income Fund T.IAE

Pescod

[SIRCOOP]

Blurb from Pescod "Ithaca is now probably the cheapest oil stock on the face of the planet".

 

  We’ve been writing about  Xcite Energy for the last two

months now as we suspect with current oil prices, the North
Sea is going to become the center of attention once again
for those playing the oil sector.  The North Sea lost favour in
the financial collapse as high profile and highly leveraged
Oilexco hit the dirt and  Bow Valley barely escaped bank-
ruptcy as well.
In the meantime, the companies that did survive such as
Antrim Energy, Ithaca Energy, Xcite Energy and others, saw
their stocks fall to ten cents on the dollar of where they had
been...or even worse.  Now the world is resuming its ways
and many of the aforementioned such as Ithaca, are now
trading at incredibly cheap cash flow multiples (Ithaca is
now probably the cheapest oil stock on the face of the
planet).