RE:RE:The Great Ithaca Sail Away Contest . ..
I expect the sail date to be within 7 days with a peak trading price of $1.49 the day of the announcement and a close of $1.40. Over the following months, assuming stable oil prices (Brent at $50, plus or minus) and no forthcoming offer, I think the share price will drift between $1.25 and $1.50. It's all been factored in.
I don't see the price of oil getting over $60 this year and averaging $50 for the remainder of the year baring major geopolitical crisis. Any price deviations of the Commodity outside the ~$50 range will be the driver of IAE's future share price. I’m bearish on Global markets in general over the next 6 months however.
IMHO, $60 oil is an upper end, self-limiting price of Oil for the 12 months. Should an offer by Delek appear in 2016, I wouldn’t expect much higher than a 50% premium over trading price so I’ll say $2.50 on Takeout in Q4. Lower than most would like but still much higher than recent trading.