Ithaca Energy Plc - Company Profile
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Ithaca Energy Plc (Ithaca), a subsidiary of Delek Group Ltd, is an oil and gas company with focus on the North Sea. Strong support from parent company, improved operational performance and presence in Greater Stella Area are its strengths, even as net working capital deficit could be a cause for concern. Nevertheless, strategic IPO, strategic acquisitions and increasing global demand for oil may provide adequate growth opportunities to the company. However, fluctuations in oil and gas prices, stringent regulations, and exploration, foreign currency fluctuations could affect its operations.
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