RE:RE:Ride It outAnd that is the gamble Kensho, Delek did not come on board for $35.00 oil but I believe with $35.00 oil they are going to take advantage of all the good deals on reserves that are located very close to the GSA. Everyone wants out but Delek wants in. This story is bigger than just the GSA. The platform is where the money is and that platform will be producing oil for years to come. Delek knows that oil will return to much higher prices and when it does Delek will be ready. They will have the platform, the reserves to feed this platform for years to come and they are going to make lots of money. You actually need bad times for the buying of these reserves. Delek will buy Ithaca as planned and thats that. This low oil just may have made things sweeter. The market will get news of the plan soon enough but for now all you can do is buy another 50,000 shares for Xmas. Everyone is getting beat up in this market and many companies are going down and they are not coming back up. Your getting a great deal at these prices and even you know that Kensho.
Ithaca has a plan even in this market.