RE:RE:RE:RE:RE:RE:RE:RE:BlackrodGood Analysis , I originally bought in with BlackPearl based on the metrics at he time looking better than Athabaska (based on my desire for the highest reserve value per buck). Both Black Pearl and Ipco were part of the Lundin group so they merged them. Ipco was designed to hold the Lundins oil assets outside of Scandinavia. It has been increasingly difficult for Scandanavian cos to continue to invest in petroleum. Hopefully that difficulty won't be extended to Ipco. Ipco trades mainly on the Stockholm exchange which probably explains its thin trading value in Canada and its low relative valuation. One cure for low valuations as you know is share buy backs. That is why I blew a fuse when management created a share bonus program for themselves. Hopefully they will sort that one out .
Could Ipco be a heavy crude consolidator . seems they are already on that path. Personally I think they are an opportunist type company , constantly looking for where to best place their CAPEX.
The problem for the moment is that we don't know, and that is probably because they don't know.
Hopefully they will sort things out quickly so that we can all get on our way once again !!