Street Smart Investor
Long-term horizon, energy, natural resources, micro-cap

Ithaca Energy: Upside Delayed, But Not Denied

Initiation Summary

Stock upside for investors in Ithaca Energy has been delayed, but not denied.

Ithaca Energy (OTCPK:IACAF), an oil & gas producer in the North Sea has moved sideways for a large part of the last one year and is currently trading at $2.24.

Prior to that, Ithaca Energy's stock had surged by 53% in just one month. Ithaca Energy went up from $1.67 on August 20, 2013 to $2.56 on September 18, 2013.

This initiating coverage relates the above stock price action with key events in the company and discusses the reasons for believing that Ithaca Energy is due for a major upside anytime over the next 12-18 months.

I therefore recommend Ithaca Energy as a...

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