IPM incremental petroleum limited

oil experts please comment

  1. 2,123 Posts.
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    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

 
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Currently unlisted public company.

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