Bullboard - Stock Discussion Forum 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... see more

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TSX:IPCO - Post Discussion

International Petroleum Ord Shs > Gold to oil ratio

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Post by Oldnagger on Nov 20, 2024 9:38am

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/