International Petroleum Ord Shs T.IPCO

STILL LOOKING FOR $6.00.

[ariesleaf]

New target date June 08/21

[Oldnagger]

Just bought back in. I am not too late for this party. Kavern has it right, these guys are now spewing cash flow. BTW IPCO is marginable at 50 % with the banks !!

[kavern23]

Oldnagger and I messed up here. I took advantage when that block of 1.5m shares was for sale in IPCO at like 4.50 ish.  It artifically was supressing IPCO and i was fairly sure this would rock upwards as soon as the wall was taken out.  This part I did smart.  But I got frustarted with my broker not letting me margin. I am not used to putting it up dollar for dollar on a stock 4.50.

[Oldnagger]

I keep going over my numbers. The trick is that IPCO has low debt leverage but it has relatively high pricing margin leverage on heavy crudes and fantastic rates of return on Malaysian drilling.  All in all an easy double from here. FCF will be spewing out so I imagine they will either be buying or (hopefully) drilling soon. Unfortunately, they have destroyed any goodwill they may have

[Oldnagger]

Two things I forgot to say. First , the best way to buy or sell is to set your price with a limit order then make it good for a month say. Most likely the market makers will take you out fairly quickly as they don't want you clogging up their system for a month !! level 1 and level 2 quotes are for the most part meaningless. the market makers (banks) run the show and use these quotes to