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 Oldnaggeron Nov 20, 2024 9:38am

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Post# 36321466

Gold to oil ratio

Currently , it takes 39 barrels of crude to buy one ounce of gold

Now each share of Ipco represents 13 barrels of crude reserves (including contingent reserves )

The only problem is that you will have to wait about 90 years to collect all your barrels.

The good news is that 3 shares of Ipco will cost you about $46 , while an ounce of gold will cost you
C $ 3678.27

So unless you are getting married soon , it will pay you to wait !!

https://www.visualcapitalist.com/visualizing-the-gold-to-oil-ratio-1946-2024/