RE:back in money printing zoneI don't know if it will be $3.50 but it won't be what is presently being showed on Yahoo(88 cents based on 5 analysts)
In january, we will see big upward revision from these analysts
IFP made $2.23 / share in Q4 of 2020.
I would be very surprised if they don't make more in this coming quarter
First:Total profit were divided on 65,964,153 shares.This year it will be on 60,757,625.
Second:Production capacity has increased 625 mbf / year.So sales will should be higher.
Third: Average selling price in Q4 of 2020 was $842 CDN or about $648 US.I took a look
at the future price of Q4 2020,the range was about from $624us to $796 us.
So far in this quarter it's been from about $572us to $1114 us.While future prices are not what
producers gets, it give us an idea if selling price on a comparable basis will be higher or lower.
So for me selling price should be higher this quarter vs last year.
The CDN$ is a bit stronger (about 3%) so a bit negative on the forex side.
All in all, EPS should be higher then last year.We will find out in early feb.
This year's exeptionnal profitability has transformed the balance sheet.
They are not getting the credit for all the great move thay have done.
The new management proved that they are great capital allocators
We will see much higher SP in 2022.
Sorry for all the spelling mistakes, i am french
Merry X-mas to all