Hi Folks,
At great risk of talking to myself, and to reduce the risk of indigestion from nearly singlehandedly gourging on these bargains I post again.
What other high margin, low decline, producing oiler can you buy on a current revenue multiple below 1.5 ?
One of the cheapest in terms price for reserves. Yes, proven, developed P2 reserves, not some dodgy virtual oil not yet tested by the RLD.
A historical PE of 6, forward of less than 5.
6% div yield.
Management with serious oil credentials, not finance people, not West Perth "lunch club" geologists.
Gas just added with no sp recognition.
Rock bottom sp, rising fundamentals, still distressed selling in a rising market. One of the last bargains? Perhaps. DYOR.
EL
IPM
incremental petroleum limited
perhaps best leverage to rising poo
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