It appears for a fee the ADR's can be exchanged for underlying Bank shares currently traded on Irish and London exchanges. Date IREBY goes away is probably April 22. Any opinions on if Bank of Ireland stock will be traded OTC or pink sheets in the US when the ADR's go away?????
What will happen to IREBY on April 22nd???
Effects of lower Oil Prices:
Motorists trade in compacts for Pick ups and SUVs
More driving + lower MPG = increased gasoline demand
Production shifts from domestic fracking to cheaper pumped foreign oil
Increased fuel consumption + shift to off shore crude = higher tanker utilization
Therefore, rates should rise while fueling tankers should show cost savings.