ITC impress energy limited
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It is an interesting equation evaluating the worth of a large...

  1. tui
    6,163 Posts.
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    30/04/09
    19:57
    Post #: 5076088
    It is an interesting equation evaluating the worth of a large successful oil play in this fairway.

    On the one hand VPE is influenced by CSG and then secondly by oil. On the other hand ITC has pretty well only got this going for it.

    But we also need to remember that ITC has about 3 times the shares on issue. But overall, yes, ITC has more leverage than VPE on this oil play.

    Cant wait for the drill. It is only 900 mtres from Santos's Charo-3.
    ITC Price at posting: 3.2¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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