Isn't it amazing, an oiler that already makes a profit on high margins, generates cash flow, has oil reserves, is developing high margin gas, etc etc
It even has some pretty interesting underhyped exploration opportunities now.
...and it is floundering on a PE of 6, a prospective (Dec 09 FY) PE probably closer to 4 than 5.
Better to chase all those cash black holes that might make a dollar someday, and if they do will no doubt pour it straight into a bigger black hole.
Patience.
EL
IPM
incremental petroleum limited
arrived and no one wants it
-
- There are more pages in this discussion • 16 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)