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.”
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Copyright 2010 <a href="http://www.stockhouse.com">Stockhouse</a></div></div>
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