RE:RE:RE:STILL LOOKING FOR $6.00.I keep going over my numbers. The trick is that IPCO has low debt leverage but it has relatively high pricing margin leverage on heavy crudes and fantastic rates of return on Malaysian drilling.
All in all an easy double from here. FCF will be spewing out so I imagine they will either be buying or (hopefully) drilling soon. Unfortunately, they have destroyed any goodwill they may have created with their share buyback program. Perhaps a dividend this time?
My bank is RBC they margin at 50%. Like you, previously, I was elsewhere where margin was harder to come by. Fellow posters tell me that Interactive Brokers are easier still. At my age I still prefer bricks and mortar. But they may be right for you.
On a side note, I noticed that they are reclassifying post 2040 2P reserves in France to contingent reserves. I presume that by 2040 The French will all be operating on energy provided by poussieres de fee ( Fairy Dust)