AutosimeCan I refer you to ITC;s presentation recently which...

Autosime

Can I refer you to ITC;s presentation recently which should give you a sound bit of data to which you can make some decision.

I am biased about this stock as I think it is a no brainer, have been with them for several years and been very patient. I don;t trade it like some do. Your friends have differing perspectives on why to buy stocks. They both have a big reliance on wanting to know reserves but for me I don;t think it is overly relevant at this stage of their development. Their reserves will only increase with 3d assigment to better know the Growler and Snatcher fields. Their current share price really only reflects their reserves and cash. No upside for their acreage, exploration and plant is factored in at all. I would expect 2010 to be the year for a rerate especially as the drilling program will not be until Feb now. Their earnings will underpin further exploration and if the oil price moves up will only strengthen their position.

Good luck with your decision.. You will do alot worse than ITC. It isn;t a trade - it is an investment.