Why is this stock neglected? Looks great.....and hugely leveraged to oil price with no hedging.
Check out their web site and read the two broker reports; ..
- 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 .Looks like the best oil value right now
- acquisitions being considered in gas business
IPM
incremental petroleum limited
oil experts please comment
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