RE:BNN says, CNQ buying someone out???International petroleum company (IPCO) has 1.4 billion barrels of heavy oil with their Blackrock project
The oil is still classified as contingent , but only because IPCO doesn't have enough cash flow to develop it quickly. Ipco has recently been buyng back up to 15 % of its own shares using available cash. Also its share price has been growing rapidly in spite of the curreny weakness in Canadian Heavy Crude prices
Home - International Petroleum (international-petroleum.com)