Added to YB: 2024-10-09
Pitch date: 2024-10-05
IPCO.TO [bullish]
International Petroleum Corporation
+42.87%
current return
Author Info
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Company Info
International Petroleum Corporation explores for, develops, and produces oil and gas. It holds a portfolio of oil and gas production assets and development projects in Canada, Malaysia, and France.
Market Cap
CAD 1.4B
Pitch Price
CAD 17.89
Price Target
N/A
Dividend
N/A
EV/EBITDA
4.76
P/E
14.92
EV/Sales
2.00
Sector
Oil, Gas and Consumable Fuels
Category
growth
RV Capital New Position: International Petroleum Corporation
IPCO.TO: Oil & gas co w/ 46-48K boepd, 468M boe reserves. Grew 16x since 2017 via M&A & ops. Lundin family owns 34%. CEO Will Lundin impressive. NAV SEK 757-1228 by 2029. $900M-$1.8B FCF 2024-28 (65-131% mkt cap). Cheap valuation, strong culture, rational capital allocation. Blackrod project adds 30K boepd.
Read full article (7 min)