great buying opportunity

Check out their web site and read the two broker reports; IPM is a boring oil stock nobody notices.
- pays dividend (12% forecast for 2008)
- earnings per share around 20 cents, 43 cents forecast in 2008
- zero debt
- brokers like them (see attached); valuation at $2.28
- $18 million cash flow
- Enterprise Value versus 2P reserves of $7.13 per barrel (i.e. you are buying oil in the ground at $7.13 per barrel at 50% probability of getting it out); Looks like the best oil value right now

- acquisitions being considered in gas business