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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: Veteran98 who wrote (161800)	6/1/2009 11:54:56 AM
From: marcos	1 Recommendation Read Replies (2) \| Respond to of 313035

iae.v - well over half a million loonies revenue every day, more than the market cap on an annualised basis, and their future is dependent on getting new loans? ... this is not how my business used to work, maybe the oilpatch is different, but LC's take on it seems more plausible, depends on where crude goes, in the short term who knows, mid term up, long run way up

To: Veteran98 who wrote (161800)	6/1/2009 12:05:02 PM
From: Veteran98	1 Recommendation Respond to of 313035

Yup I agree... was surprised by the lacklustre review but then I guess there are always two sides to every coin. I'm betting IAE goes much higher I'm loaded from the low .50's for my core holdings and have not yet entered into any trading position but will add on traders on weakness..... investorvillage.com 7850 net at $61 Brent = ~C$126MM annualized = ~C$0.78/sh annualized cash flow. But there will be natural declines, so say $0.60/sh cash flow. Slap a 3x cf multiple and IAE should be trading at $1.80. I remain mystified that anyone is selling at these levels.