ICN 0.00% 0.6¢ icon energy limited

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  1. 1,223 Posts.
    The main assumption with this stock is gas resource equals sp appreciation, which is not always correct. There's many companies out there with enormous resources in the ground who are valued at next to nothing. The potential here lies in the takeover potential, which may take years or never eventuate. I wouldn't be buying a company at this price with 40% of a contingent resource, not long term anyway. It's a great buy at the moment but when the shale buzz peeters it will be sell the news. Volume is good at the moment but like me many traders will be looking to cash out at some stage. No advice intended, just my view.

    Good luck to the long termers and traders on this one.
 
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