IPM incremental petroleum limited

phone call from ipm, page-11

  1. MrGordon
    12,108 Posts.
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    16/10/08
    18:29
    Post #: 4397760
    Auto, It seems you have a real bargain at present prices but you may wish to consider the currency factor as well.AUD has fallen not only relative to the USD but also to TRY [new turkish lira].This of course is a real benefit to Aussie oilers that are unhedged.I am not sure where IPM stands,maybe EL can enlighten us.
    IPM Price at posting: 79.5¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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