RE: RE: RE: RE: Bailing IAE for INA... I maintain a partial position in Ithaca, but I feel INA has better short/medium and possibly even long-term potential at this point. However, INA has more risk associated with it in my opinion as well. You can argue about risk levels in both cases though and look at it from different angles. Ithaca's potential is certainly not risk free either. Both are fully funded to some major projection increases in the next 24 months.
Remember that INA was previously (and basically still is) trading aweful close to cash value and has potential to actually be ahead of Ithaca in production for at least a portion of 2013. A lot of 'could' and 'should' on both sides but looking at downside risk vs. upside potential makes INA look really good.
If INA comes through with over 14,000 boepd in 2013 there's a ton of upside there - probably more upside than Ithaca.
I own some of both.