It had me at UnhedgedUnhedged oil producers are the new gold, and there are very few as unhedged, and as oily as IPCO.
Its also substantially cheaper on P/CF, EV/CF and EV/FCF than MEG, CJ, and other unhedged names I like (Only YGR compares)
Already buying back its own shares on a regular basis...even better.
This is the perfect company for this environment, and I'm happy to be on board with a meaningful stake over the last week.