RE:As Oil is trending up The deal announced in December has some huge upside potential. IFR can only gain when the JV is basically paying the bills and the area has a lucrative oil setup. Management pushed IFR from a few cents to $0.40 in 2017 when oil was lower in price compared to now, so they can do it again. Insiders own 16% or 40 million shares, so it's in their best interest.