repost with permission from myselfI have posted this on other boards I am reposting here in order to stimulate some discussion concerning IPCO. I see that there are a lot of readers but very few posters. This company's share price is probably low due to its relative unfamiliarity among Canadian Investors and resulting low trading volumes. Maybe this can be changed. At least we have a troll free environment here for discussions
A simpletons guide to the future.
Decrease in production in the US now vs 12 months ago 1.9 milion BPD OIL
Temperature independent imbalance in US vs 12 mos ago 8.4 BCFD nat gas
drilling rig count 12 mos ago vs now = (802 -320) = 482 fewer
drilling productivity report november 2019 projected increase in crude oil production = 49000 bpd per month projected increase in nat gas production =263 mmscfd per month
Therefore if the rig count was to rise tomorrow by a factor of 2.5 it would take 39 months for crude oil and 32 mos for nat gas to return to necessary levels for a post covid world,
This will be ample time for investors to at least double their money.
In my opinion debt concerns are history. the only concerns now are pipeline and processing restraints.
A happy weekend to all