agree. While it feels horribly cheap on the face of it, Igas is now in box seat for a takeover and in a real position of strength to get a good price x3 plus near term if a few things line up.
UK need gas, northsea is drying up, they can not upgrade nationwide infrastructure over a 5 year period or less, or even 10-20 year, for other forms of heating for homes, they need gas hence the govt. stance backing shale.
Im definately holding the igas shares, might take some profits if price goes over say 170-200p in near term on news/optimism. Igas director brought big at 160p remember.
DTE Price at posting:
13.5¢ Sentiment: Buy Disclosure: Held
