Strategic review sets oil and gas company alight
From Stockhouse | 2010-02-05 02:00:29
<div id="subtitle">Shareholders hope for bigger gains</div><div><p>Iteration Energy (TSX: T.ITX, Stock Forum) shares jetted 13% higher to $1.63 after it announced that it would conduct a review of strategic options, which is often used as shorthand when companies offer themselves for sale.
</p><p>The company said that its options include a possible corporate reorganization, or a sale of some of its material assets. It has production assets in Alberta and British Columbia.
</p><p>On the company Bullboard, posters tried to get a handle on how high the share price could climb.
</p><p>“I am not selling at these levels... nice try! But you are not getting my stock,” wrote Newt3. “2.00 is not even close to what ITX is worth... HAHA ....I have a wheel barrel full of your cheap stock.... You win some You loses some...eh.”
</p><p>Rudee pointed out: “ITX hit $1.93 earlier in the morning today but has since pulled back significantly.”
</p><p></p><img src="http://admatch-syndication.mochila.com/images/ad.gif?aid=68484626&bid=informcom" /></div><div id="copyright"><div>
Copyright 2010 <a href="http://www.stockhouse.com">Stockhouse</a></div></div>
Related Video by 5min
Related Blogs
- Citroen teams up with British GQ for a Special Concept Car Luxist | 2010-03-16 03:44:00
- Edmunds Roundup: March 16, 2010 Edmunds' Strategies for Smart Car Buyers | 2010-03-16 16:25:32
- Bugatti 16C Galibier Spreads Its Doors Open Wide [Concept Cars] Jalopnik | 2010-03-16 14:20:16
- One Small Step For A Fiat, One Giant Leap For Electric Cars [Concept Cars] Jalopnik | 2010-03-15 18:19:34
- Bugatti Shows the 16C Galibier in Black Luxist | 2010-03-16 21:21:05