This level is screaming buying op.All Factors considered:
Oil commodity is in oversold territory. Any hint of supply/demand reversal and we will see a 10-20% spike in the commodity
Lawsuits will likely get tossed as there is really little way to prove that Ithaca was in the know about FPF delay when they released their guidance in January.
The stock itself is in oversold territory, as well as most of the TSX which is due for a strong bounce
Ythan if it's a gusher will be a nice addition to their core assets.
Most people who say they "are waiting for Stella" At that point if it's successful you will probably be way too late to get in at an attractive price. IMO as we move closer to first oil and continuing progress, investor confidence will move this stock higher. Sucessful project completion transforms this company into a mid-cap play.