BNN - Decter's top picksSummary of Michael Decter's discussion on IAE:
- wonderful energy company in the North Sea
- terrific management team, smart engineers
- likes that IAE is aggresive at looking at how to get more oil out
- at Stella, put bigger pumps down the wells and putting in two pumps at new wells drilled
- BP looking to shed properties in the North Sea; IAE is well positioned to do some buying
- have a lot of money to pursue their program and pursue acquisitions
- had a price target of $2.75 when they met with IAE four trading days ago
https://www.bnn.ca/Shows/Market-Call.aspx
click on the Market Call Top Picks segment...IAE is the first company discussed