RE:RE:RE:Looks like the 2009 build up to first oil from JackyOf course we do not know exactly what oil prices will do, or which country will change policy, or which country will start the next war.
We all think that Delek will only take out Ithaca after first oil from Stella but for all we know they may take them out next week. It's a big world out there with curve balls that 99% of the people do not see coming.
Ithaca is on the verge of basically driving production from around 9,000 boepd to aprox 25,000 boepd and for all we know it might end up being closer to 30,000 boepd.
I think Delek will get a good deal when they buy Ithaca but I don't think they will steal the company.
Once again only guessing but I think they will pay somewhere between $2.75 to $3.25 and it will happen this year.
I'm pretty sure we get a reserve update this year and those numbers will also be interesting.