Re Trolls keep off our site discussion - LSEThe case for Ithaca looks pretty clear to me despite the share having multi-bagged already, sometimes the best buy has already made major price moves. When I look at my two favorite oilers, Ithaca and Faroe, Delek's favorite two also I might add, whilst the gap between them has closed up a little in terms of value opportunity due to Ithaca's price gains, in the shorter term Ithaca still remains the slightly stronger buy in my view. Once full production is established and volumes confirmed in the Spring I expect to equal out my holding between the two and hold them both together for several years all being well. But for now Ithaca remains my largest holding.
I have never seen Ithaca as just being about GSA first oil, I knew Ithaca pre-GSA development, the cash flow from GSA will allow Ithaca to return to its former self, aggressive, acquisitive and wholly profitable growth orientated, there will be a stream of developments, deals and possible acquisitions post GSA production.
Doug