RE: RE: RE: RE: Too late now... muskwa, coop has got baggage here, he sold out his position in Jan 2012, reporting it on here, a few days before the takeover announcement and the 60% rise. He is clearly still smarting from that expensive mistake.
Value here, is best demonstrated by the fact that in a market where it is fiendishly difficult to raise cash, Ithaca energy has raised a line of debt nearly equivalent to their current market cap!
This would be an exceptional achivement in a raging bull market. In today's depressed market it is simply unprecedented.
IMO - The risk/reward here at the current share price, over a 2 year outlook is extremely compelling and should reward investors handsomly.