I wonder if a viscous cycle has started where igas SH's are considering dilution by dte and valuing dte at ever decreasing SP, which in turn lowers igas SP, which in turn lowers dte SP...
The whole 12 hour time difference in trading both can't be helping.
I would be not be upset buying igas at these levels (actually at 0.82GBP if buying dte shares at 12c as I have been doing lately). The have price targets over twice this level.
They produce oil, and this production is increasing, and I am a big believer in the combined shale assets of igas+dte being worth a lot more than the 2 if held separately (mainly looking at this from majors wanting to buy in as we have already seen, the price paid will now be higher).
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I wonder if a viscous cycle has started where igas SH's are...
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