"I bought 10,000 shares of yesterday's pick, at $0.75 and sold all my shares at $0.98, I didn't sell at your recommended target price but I'm definitely with 8.36% profit, that may seem like a lot but I don't know anybody personally who can make an 8% profit in one day. I'm going to get rich trading your stocks."
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Ithaca Energy Inc. (TSX: IAE.TO) Releases Disappointing News Regarding Production Wells, Shares Tumble
Shareholders of Ithaca Energy Inc. (TSX: IAE.TO) were none to pleased with the oil and gas exploration, development and production company's news on Monday as shares have nosedived from a 1.83 closing on Friday down to 1.52 today, a six-month low, following an operational update regarding their Athena field in which they said only three of the four production wells are flowing as a result of a "suspected downhole restriction" in one of the wells. According to IAE's press release on Monday "Testing has shown that there are no issues with the integrity of the well or performance of the reservoir in the area of the field drained by the well. The changeable flow rates achieved from the well during testing indicate that the restriction is likely attributable to a blockage in the production tubing located within the well. Diagnostic work is ongoing to identify the nature of the b...
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