imp 4th well success. news of 5th well due, page-15

IMP is basically Recession Proof ...but I have been wondering why it is in a lull stage at the moment.

But then when you go back to the times when they drilled in 2006 and 2007 we find similar lull days with low low volumes. Just goes with the territory as they say.

Also, we are now in the last couple of weeks before 30 June and traditionally the Market balances up the books and sells some shares ...sometimes at a loss to reduce levels of tax.

Added to that the US DOW has been heading south and that has left a-wait-and-see pall of fog over things for awhile.

IMP however is Recession proof because:

Natural gas and to a lesser degree Coal Gas, seem to be excellent Recession proof investments ...provided that it is a low cost reliable producer like IMP, with a sound steady-at-the-wheel management approach. That's why IMP is good.

They are more recession proof than oil because at we have seen from the nasty Veranus blow out ...all the pipes are connected to the commercial industrial and residential markets ...and those people are totally dependant on it ...moreso than oil.

And just like TAP was INSURED for that sort of disaster, so is IMP.

It is especially Recession Proof because it is right next to the huge market place of North America.

And here's another reason for IMP being Recession Proof ...in colder climes than ours ...if people don't have nat gas ...like in the huge market place near IMP wells ...they could actually freeze to death, without the warmth delivered by gas.

Recession or no recession ...people don't like freezing to death ...so they turn the thermostat up.

Ohhh by the way ...those 40+% hiked up USA prices for Nat Gas at now $13+ ? They are only Summertime demand prices.

Guess what?

Just imagine what will happen to Nat-clean-smelling-burning-gas demand $$$prices ...when those Yanks need to keep their little tootsies warm in the next few months ...when the chill winter winds start blowing?