Dazzler ...correct me if i am wrong, but it seems that IMP are paying for these new wells with their own earned money and not loan money.
Hence, the current low nett profit returns.
IMP shares tend to dip in their cycle around this wintery time of year, when drilling slows. Hopefully, those Yanks will start turning up their thermostats again and gas will be in higher demand ...and higher supply pricing results.
Hope you didn't lose too much from sales this last week, Dazzler.
This discussion so far has been helpful, but maybe we should be making a few calls to someone high up in IMP, to get their explanation, before the AGM?
Add to My Watchlist
What is My Watchlist?