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Message: Ithaca Buys North Seas assets ..

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Re: Ithaca Buys North Seas assets ..

posted on Aug 16, 10 02:11AM

Well andy you called it right I wondered why Suncor shares moved up when most oil plays were flat or down Iae just flat or down a touch which should be expected usually the case when a company does a purchase so perhaps the suncor deal is done and news coming. Economic news not the best at the moment so most of the energy plays not performing very well. Look at this as a buying opportunity just waiting and holding and trying to determine which way the market is going to go. Some of the mining plays seem to be starting back up again. When things hit the skids a year or so ago the mining sector was the first to recover then oil prices and energy stocks. Still have faith that Sept to dec will be strong, just a hunch nothing concrete. If that is the case with the purchase Iae should be in a good postion for the sp to move back up to its high or close to it. Stay in touch andy always appreciate your insight and posts

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