IAE price from RBC Dominion Sec. Ithaca Energy (IAE-TSX)
Close: $1.52, down 4¢
Ithaca Energy Inc. has confirmed production problems at its Athena field in the North Sea. It's the second blow to Ithaca following the recent end of takeover discussions. RBC Dominion Securities says the well problem is temporary and continues to give the company an "outperform" rating, although it's chopping its target price.
Downside: RBC cut its target to $3.15 from $3.70.