RE:RE:RE:RE:Headless Chickens and the Voice of ReasonIt has been a while since we have been in a true oil bull market and because we have been pounded down by this bear market we forget the "irrational exhuberance" that comes with a bull market. Companies that have slashed exploration and Capex to the bone need to replace reserves and production. Ithaca could produce a premium valuation in a takeover. They have after all taken all the risk, so they should garner a premium valuation in a takeover.
Oh yeah, I guess the tax losses would be welcome to the right buyer too. Anything is possible Kensho. Never say never Kensho.
$5.50 may be a stretch but anything is possible right?