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International Petroleum Ord Shs T.IPCO

Alternate Symbol(s):  IPCFF

Energy Oil & Gas E&P
International Petroleum Corp. is a Canada-based international oil and gas exploration and production company. It has a portfolio of assets located in Canada, Malaysia and France. Its oil and gas assets in Canada are located in Alberta and Saskatchewan. The Suffield area oil and gas assets and the Ferguson oil asset are high quality conventional assets located in southern Alberta. Its principal assets in northern Alberta and Saskatchewan are the Blackrod and Onion Lake projects, which are heavy crude oil assets applying conventional and steam assisted development methods. Its oil and gas assets in France are comprised of operated assets in the Paris Basin and non-operated assets in the Aquitaine Basin. It holds a 100% working interest and operatorship in the Bertam field producing light high-quality oil. The Bertam field is located 170 kilometers offshore to the east of Peninsular Malaysia in Block PM307. It consists of an unmanned wellhead platform and 14 active horizontal wells.


TSX:IPCO - Post by User

International Petroleum Ord Shs
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Post by kavern23on Jun 24, 2021 9:01pm
219 Views
Post# 33448799

Valuation...

Valuation...IPCO should trade at the minimum of twice of what Cardinal Energy trades at..so currently 3.68 *2 = 7.36.   That's ,min and the case to be made that IPCO should even be at 7.50-8:00 when Cardinal is at 3.68.  But 2 times for sure...

IPCO first Quarter was amazing.

But Q2 here...IPCO is going to have debt to Cf (annualized) of 1 times....how many companies do you know that will achieve this by June 30th 0f 2021.......

IPCO didnt announce a capex increase so they must be working on some sort of deal.

Without any type of deal...IPCO is on pace to have debt under 100M by Q4....
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