Ratings changeFor what its worth RBC commented on Moodys reaffirming Enquest and Ithaca's debt facility ratings and outlook change to negative to reflect increased risk from lower oil prices in 2015, which is expected to result in lower cash flow than previously expected. " We are more positive on Ithaca than Enquest as Ithaca's $100/bbl hedges should provide protection through H1/15 and from Q3,15 the newly developed Stella field should result in a material increase in the company's production and cash flows . We are forecasting a year on year increase in cash flow despite the lower oil prices. I don't think these low prices are here forever. There should be some supply slowdown at some time and I think Ithaca's timing for increased production from the GSA may work out . JMHO. B