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Message: Suncor sells ND north sea assets to Dana Petroleum

Thanks andy it has been a nice run up. Did lighten my position should have bought back in at 28.5 but did get back in at 32 so will wait and see where it will head from here. As far as Iae is concerned I think we are still in the spill over from the BP deal, investors are a nervous bunch and if it happened to BP it could happen to ithica. Its a good company no debt, money on the books and what appears to be a great find . Going, to hold it for now and wait out the short term down side, I can see a mid to long term price of 4.00 which would be nice. The world still needs oil. Hope you are right about suncor I benefit both ways on that side I own suncor as a long term hold and the more assets they sell the higher the price goes, If iae picks them up it increases their growth potential and ultimately the SP. I like the move, good management spend , aquire and grow, bad management cut and eventually stiffle the SP.

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