RE: RE: Hope we see above $3 today. Glta."Getting a little ahead of itself again."
I hope you are right as I just freed up some cash by selling SOQ as it has run it's course for the time being. I agree with your analysis (unless there's something we don't know - and there's always *something* we don't know). The only surprises to the upside I could think IAE would come up with are acquisitions. Over the years I've come to realize that "sell in may and walk away" is a great strategy, however I'm not certain it will work this year with IAE. It is definitely getting in to overbought territory based on fundamentals, but this might now be a technicals situation, which I'm not really qualified to analyze all that well. If IAE drops back to anywhere under the 2.70 range I'll be adding. I think the recent analyst estimate of 0.65/share cash flow for 2012 is likely a bit on the low side. Of course, who knows what NG prices will be like in 2012 and I haven't factored NG vs Oil for 2012 production yet.