One has to laugh.....(but not necessarily ones a$$ off)At the fact that just 3 months ago the world though that Brent was worth $113 per bbl and now just $92 (LOL). I suppose that some knew that Brent would drop over $20 per bbl since late June. You know....the real smart prognosticators that post here (unfortunately). However the current price has much more to do with the market fickleness than with IAE. Bankers was $7.50 in June and now at $4.90 (despite them still generating almost $400 Million next 12 months at $92 Brent). Ithaca has a huge amount of production hedged at $103 per bbl.....looking pretty cleaver right now! There balance sheet has been much strengthened with the recent $300 M debenture. They are still generating ~$265,000 million in cash flow and at a debt to cash flow multiple of 2.45 which is better than many peers. And currently trading at 2.4 times cash flow. Sometimes one just has to laugh (but not necessarily ones a$$ off)