reason for oils drop todaytoday is the day the weekly production numbesr for total us domestic crude oil is published. the saudis watch this number and are basing their pricing on it. their was an article on this a week or so ago. they are looking for the number to decrease. my initial purchase yesterday of iae was based on my thinking that this number would decrease a wee bit causing a bump in oil prices and stocks. well the wily ferret wasn't so wily as the number actually increased by a miniscule amount causing a 3 buck drop in oil. the difference was from 9,004,000 to 9,083,000 bod a measley 79,000 bod increase, but not what the prince charmings were looking for, lol here is a link
https://www.eia.gov/dnav/pet/PET_SUM_SNDW_DCUS_NUS_W.htm
as far as iae being a takeout candidate, i don't think so, i would say less than a 5% chance, no company wants to take on the debt and no large companies want to deal with all their smaller fields, plus the stella field isn't really that thick. iae better pray for a relatively good north sea winter, any major hiccups will cause major damage to iae and it's already getting stretched balance sheet.
dabeauty and others keep bringing up the rbc comments!! WHY do you people not undrstand the relationship rbc has with iae, i posted it before, they are paid by iae to write most of these reports, they hold most of iae's debt, they are the broker for iae among other things, RBC WILL NEVER SAY ANYTHING TOO NEGATIVE ABOUT IAE>>>>>>>> GET IT!!!!!!!! take anything they say with a grain of salt.
I actually posted the link to that moody's report before kensho did but you had to copy and insert into the url i think, tryin to figger out how to post the link properly, lol. will not be buying any more unless we see maybe low .80's for now, looks like oil could got 50 or so. buy the nat gas stocks with little debt today, nat gas is actually up in price put they are caught up in the run on energy etf's and mutual funds and the tax loss selling. with these stocks u are not at the whium of the prince charmings at least plus you have the benefit of coming of lng in the us and possibly bc which would put us more inline with world prices, these stocks have already ridden out 2 buck nat gas and survived. sorry for the long post
cheers ferret