RE: RE: RE: RE: Out of Ithaca Re. INA: there is some real risk that this production estimate may not meet expectations and like Athena experience a more steep decline rate than is anticipated...
I doubt it... Huntington is a major field, one of the largest found in the NS in recent years. Plus production will be choked given limiations of fluid handling on the FPSO, so highly unlikely production will be lower than stated. Same goes for declime rates given choke and size of field. Plus big upside for INA on the Fulmar. And they did not overpay on any metric I'm aware of. INA's acquisition of Huntington is a company maker that will have them producing >8K bopd in a few months (that's more than IAE now). That's a $1 stock minimum in short order or I'll eat my hat.
You're either not doing your homework db or you're making it up as you go. Stop missing the gains and get on board, the recent volume alone should tell you something.
COOP