RE:RE:RE:RE:RE:RE:RE:BlackrodIt still won't let me margin IPCO but maybe that is a good thing. Lol I am others that I can margin.
If a pullback in IPCO ever happens i don't have to worrry about margin call so maybe a blessing.
I have traded into IPCO at least 4 times since 2019 and I always have managed to make a profit and known when to get out.
Was a similar theme why I profit take IPCO all the time...such low investor interst in this in Canada. A person has to be pretty harcore to even know about IPCO.
A company like Surge has way more retail following and IPCO is so much biiger.
I have always thought IPCO needs some kind of catalyst to get more analysts and retail following and that would be a divy.
IPCO management team has been solid for ahwile...they have a track record of debt reduction fast and for generating free cashflow and not just talking about it.
I liked the buy of black pearl assets. IPCO was on the light side for reserves and black pearl s assets take care of that. Huge reserves there.
And the granite oil buy looked odd on the surface...like wtf would IPCO buy them. Small and long live with not much growth but the granite assets are perfect to be in a dividend model as such low sustaining capex.
I think if Covid wouldnt have hit, IPCO would have bought more similar smaller light oil if the price was right.
IPCO sustaining capex makes them perfect to be a divy payer and paying a dividend will get more attention from a larger audience.
Or IPCO could take the position of consolidator for older long life fields that become available.
I don't think many companies bidding on conventual oil assets with little drillign prospects.
I think IPCO should try and get to 70-100k BOE and divy at the same time over the next 5 years.
LIke take a company like Bonterra...they have a bank review on June 30th and if they happen to get squeezed....would a company like IPCO take a stink bid run....
quote=Oldnagger]Welcome back !! Personally I am hoping that management will develop its huge resources at Blackrod. Probably very stupid of me since at my age I should be looking for much quicker returns but OTOH there can be a magic for growth companies that far outweighs that for cos that merely return capital to their owners !! How do I pay myself ? Margin Baby ! How stupid can one be??[/quote]