OTCPK:ICPVF - Post by User
Comment by
hawk35on Jul 04, 2019 1:54pm
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Post# 29887144
RE:Second quarter earnings forecast to be another weak number
RE:Second quarter earnings forecast to be another weak number
Nice to see expectations are so low. Makes it easier for IPL to outperform the numbers.
And this makes sense. The previous Alberta NDP government put a cap on oil production that would be factored into the analysts numbers. The production cap has been increased faster than expected allowing oil output to rise, so IPL may indeed have the opportunity to outperform these numbers. Regardless the expectation for Q2 were already factored into analyst outlook for the rest of 2019.
Sirius1421, if your trying to knock down the IPL share price so you can buy back in, you will need to try harder.