Q: Hello Peter et al.
I am wondering if you think Ithaca Energy is now hit its low because it seems to be in a trading range of $1.00 to $1.25. It has twice tested $1.27 but has not exceeded it yet. I still believe that oil has not hit its low for the year yet and I am hoping that Ithaca hits a lower price due to this drop so I can pickup some more. However it also has some developments (Stella) that could really increase the price.
Also I was wondering what you think of the Rockefellers getting out of oil all together (selling their $50 billion) back in Sept. Did they know something the rest of us didn't know. Did they know the Saudis would be pumping oil no matter what the market does? How does the little guy get ahead in this environment?
Thanks
Brendan
I am wondering if you think Ithaca Energy is now hit its low because it seems to be in a trading range of $1.00 to $1.25. It has twice tested $1.27 but has not exceeded it yet. I still believe that oil has not hit its low for the year yet and I am hoping that Ithaca hits a lower price due to this drop so I can pickup some more. However it also has some developments (Stella) that could really increase the price.
Also I was wondering what you think of the Rockefellers getting out of oil all together (selling their $50 billion) back in Sept. Did they know something the rest of us didn't know. Did they know the Saudis would be pumping oil no matter what the market does? How does the little guy get ahead in this environment?
Thanks
Brendan