RE:Bretn Sneaking up to $36.17 on FridayI am not sure that the saudi's and Russia can wait that long. Both are effectively insolvent states at current prices with increasingly anxious creditors on the sidelines. Great and growing pain is being undured by companies and producer states alike with alarm bells ringing over the state of balance sheets all around the globe. A lot of protective hedges have recently dropped off, creditors may hang back to see if recent oil price rises continue, but if we drop back into the $20s again the calling in of debts will accellerate before this quarter is through.
I suspect that deals will be done imminently to push the price up but even that won't prevent a sharp price spike, probably commencing around late 2016 to mid 2017.
The key for Ithaca shareholders will be not to take profits until the stock is over valued or at least fairly priced - I am conditioning myself as much as anything here - similar scenario to Chrysler in the late 70s again Crow - as previously discussed.
Doug