September will have significant news flow..........and the major event will be the Stella clean up flow test rate ! The share price has been up well over 10% the last week. I get the feeling that the flow test rate is going to be strong and the share price seems to be telling us that to some extent.
Every stock has its day of recovery if the fundamentals are indeed there. Bankers Petroleum (I know I said it before) had the tar beat out of it last winter and spring because they HAD ISSUES and the market could not see through them so the market pounded the share price all the way down to $1.37. Since that time they have come back operationally with a vengence and now generating significant free cash flow. There last quarter was a knock out and now the share price finally has broken out to the upside and now sits at $3.61 and climbing. Ithaca will experience a near doubling of its share price over the next year if they deliver. Patience and fortitude will be rewarded. All we have to do is see the future a little. When they are reporting CFPS of 40 - 50 cents per quarter the market will do the math and demand for the the stock as a cash flow machine will really pick up resulting in the share price being really pushed up.