IFR at the moment The title of this monthly post says it all.At the moment zero price movement and for the last month essentially zero price movement. Indeed over the last month of trading there were three days it did not trade. Indeed look for another stock if you are looking for excitement or trading
Market comments. I think there are plans by three o&g firms to build a LNG plant at Kittimat at least that is something I read in the O&G Journal. This mag.is slanted to the industry it serves in its editorial viewpoint IMHO. Also in the more neutral paper the Petroleum News published in Anchorage AK. they also mention the proposed LNG plant at Kittimat.
Now taking a look at the MGP, how could anyone building that line figure out the price of Natural Gas in the next seven years? The folks at stakehoder Imperial Oil estimate that they cannot make a decision until three years from the present time add about 4 years to build and you have 7 years from now.One thing I think that lots of folks have a lots of money invested, now and lots more money going out the door every day.
I know that I prefer operational O&G firms. With a risk management approach i do not buy addional shares in IFR. To me it is a non operated long term speculation on the future energy requirements of the world. Tech.is becoming better everyday in extending the life of many oilfields.
Until next month, Best regard to all shareholders of IFR.