RE:RE:Does Anyone Know What is Behind the Price MoveI think it's just that time is running out and the market is finally figuring this out. If OPEC wants $65.00 oil then that's what they will get. Ithaca has no choice but to continue to go up as it is probably the best game in town. Delek knows the value and the deal was linked to oil when they bought in many months ago. I see easy $1.50 and higher coming down the track folks and then the real action starts.
Like many others here I believe we are going to see oil spike much higher than what everyone thinks. Ithaca could not be bringing on an additional 16,000 plus boepd at a better time.
We all know that they truly understand the hedging game.
Think big folks because this is exactly what the FPF-1 is...........................MAJOR BIG!!!
Rumors of a sale will soon be swirling around and we know what that brings.