Avoid Ithaca Energy following its IPO - it looks expensive compared to its peers and has high levels of debt and liabilities
By Gary Newman | Saturday 12 November 2022
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
It’s been a while since we’ve had a new IPO of a large oil and gas company in the UK, so Ithaca Energy (ITH) caught my attention, especially as it is a company that I had followed previously when it was listed.
Premium content is for paid subscribers only
ShareProphets is reader-supported journalism
Become a member starting at £6.99 per month for all articles, the Bearcast, and our seven year archive.