RE:RE:Positive news
hey crow, how much interest is the bank chargin ya for that loan on your huge 100 share purchase, lol. if you bought my shares you paid just under $2.80 for them and i thank you very much, lol.
at least on the last good drill result the stock went up about a nickel. I am supprised it didn't go up a nickel here, price of oil is up today, good news etc. it must suck to hold iae these days.
i'll give you my honest take on iae for the near future. obviously the vote in scotland is having some effect, but not as much as you may think, even if the yes wins they won't raise taxes much if at all for a while, they need the investment. stella is not a thick field the 1st the wells were drilling the same area at the same depth pretty much so they should have been the same. stella will not start without lots of glitches, they never do. the decline will be huge probably before the end of the 1st year.
you have the north sea winter on it's way, probably more shutdowns etc. on a positive note the 5th well is targeting a new zone, if that well hits you well get a nice sp increase. like i daid before all these wells came in pretty much as they should have, if they didn't iae would be much lower.
still too many things can go wrong in the meantime. the market is looking ahead and iae will never get full credit sp wise when stella comes on unless new discoveries happen. it will go up but not nearly what some of you expect. (huge caveat here price of oil could sink this company) won't matter how much they produce, look at the oil futures. it is still a show me stock and will be untill stella is producing as planned. lots of time to buy iae in the meantime.
oh and why no update on how much they are producing after their well workovers and recent purchase??????????? not as much as you think it is i bet and u won't find out the bad news till next q as usual.
cheers ferret