Peak, for the record I am completely out of INA as well - that is generally what "all cash" means. Other than that you have basically come to the same timeline I have when you say "o&g will recover by end of year or early first quarter 2013" - I just happen to be a bit more pessimistic than you. Relating Nexen takeover to Ithaca being taken over ? Huh ? Talk about apples to oranges. If Ithaca were to be taken over there would be zero interest by the Harper government in blocking it - we are talking about some dinky little company in the North Sea - not some large behemoth with large interests in Canada. Could see the $1.60 entry point return for Ithaca and then I would take a kick at this can again.