IMP imperial corporation limited

I certainly hope so. In terms of reserves, IMP has 1PV10 gas...

  1. 76 Posts.
    I certainly hope so.

    In terms of reserves, IMP has 1PV10 gas reserves of $100M (more if you factor in the slow decline of the wells and do a 1PV30) - the shallow wells not affected by the NY ban on hor. frac.

    Management slackness at getting attention plus all assets being US + complexity of analysing the assets given their uniqueness (multiple formation gas wells) + ban in NY - this stock doesn't make me optimistic this is going to end up on anyone's radar anytime soon.

    Management also history of not giving anything to shareholders but paying themselves a nice fat salary.

    The only thing that will save these guys is a dividend.

    s
 
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