Range bound despite OPECI am more confident that ever that OPEC et al want $55+
The recent statement to that effect means to me that they are collectively fed up with their recent choke-out approach. It failed....and miserably.
At that level IAE is a bit of a Cash Cow. The hedging will make Mgt look like geniuses...much alike the goood old days of Barrick.
In my view, short of a general Mkt pullback in the DJIA, all opportunity to get in at under $1.40 is all but lost and the stock is range bound until the next NR.
Imagine if this is the time where IAE finally comes with a repair ahead of the recent miserable NR.
In any event, the next run is to $2..... that is, without any further delay lol