RE:RE:RE:Relatively new to this name, but wow the valuationsAn important thing to always remember with Ipco is the more than 1 billion barrels of contingent reserves that are presently held on Ipco's books at zero value. The economics of developing the bulk of the those reserves (SAGD at Blackrod ) has improved dramatically over the past year.
Ipco has long held approval to develop phase 1 for 100,000 BPD. Three pilot wells and particularly the latest and longest one are clearly demonstrating the viability of this project. A go ahead for the project and inclusion of even a DCF value of only 1$ per barrel will cause an additional $6.50 per share in Reserve values .
Canada will soon have almost a million bpd of spare pipeline egress, with the new CAP reversal and a link by TMPL to ASIA The link to Asia is important as the Americans have already overloaded the Panama canal with LNG and LPG cargoes .Much better days are upon us and Ipco is one of the best vehicles for that trip !!