OTCPK:ICPVF - Post by User
Comment by
Maxmoeon Nov 30, 2020 9:25pm
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Post# 32006685
RE:RE:RE:Pep Talk
RE:RE:RE:Pep TalkWorth repeating this post. Ipl has traded between 12 and 14 for 6 months because all the potential catalysts remain months in the future. In a market of flippers and penny traders, that's not going to change .....until it changes due to one of those catalysts. So lay down and relax, or have a nap, the sleeper must awaken.
Maxmoe wrote: There are plenty of catalysts coming for ipl but it's not a high torque oil producer, so it's not for flippers. Which is a nice peaceful place for some of everyone's portfolio. The petrochemical biz is looking much better on the demand side as the economy ramps up, and capex is funded to completion. In addition we could see further storage asset sales, a partial dividend reinstatement, a partner, a takeover, some rate base expansion etc etc in 2021. Getting back to precovid level of the $20's is my target for 1 year out. Try not to fall asleep watching. Cheers.