RE:RE:RE:Let the games begin...
i'm not usually a day trader, most of my 30 plus stocks i buy and hold. just saw a possible very short term gain with no downside risk for 1 day at least. I didn't really expect it to work out as i stated before i thought it would swing maybe a nickel or so.
iae used to be my favorite int. oil and gas stock over a year ago, that has obviously changed as you can see by posts. I'v bought iae on 5 different occaisions, i made good money on 3 and broke even or made a few pennies on 2 including this one. not saying how many shares i trade as now one would believe me anyhow, just as i don't believe crow.
you will (or should, nothing is a given) make some money on iae if you hold thru to stella production.I've stated why i won't many times but will retstate them now.
1. is my belief that the price of oil will continue to drop, so far i'm right
2. rising costs of doing biz in the north sea, iae's break even numbers will be higher than u think
3. i honestly don't believe iae is capable of coming in anywhere close to the top end of guidance and i see more glitches and possible delays ahead
4. i think you will see an equity issue before stella comes on stream
5. north sea winter could play havoc with production
6. i really don't like the fact that we don't see updates after workovers on production rates, look at 2 q's ago, they come out with average production of approx 9,000 boe/d wtf was that!!!! i don't trust them. why haven't we seen an update after all these recent workovers???
7. decline rate will be high on stella
8. debt could become an issue if oil drops low enough, luckily they have some hedges.
only 2 posters on here that are way out to lunch imo are obviously the crow, and debeauty with his preposterous numbers he comes up with, only to be proven wrong when the q report comes out. i think iae will be lucky to be producing 12,000 boe/d by the time stella comes on, jmho. no one here seems to factor in decline rates and shutdowns, lol.
the crow laughs at my plus .02 today, LMAO i'm laughing at all his dozens of buys (if he really did buy) all the way down from 2.80 ROTFLMFAO
iae will be back in the 2.20's next week and lower within the next month. i will buy when a lot of these above risks are mitigated or we see a plunge down to the 1.80 area. not a good time to be holding iae imho.
cheers ferret