Added to YB: 2025-02-14
Pitch date: 2025-02-12
IPCO.TO [bullish]
International Petroleum Corporation
+57.46%
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 2.2B
Pitch Price
CAD 19.16
Price Target
27.00 (-8%)
Dividend
N/A
EV/EBITDA
10.34
P/E
70.73
EV/Sales
3.79
Sector
Oil, Gas and Consumable Fuels
Category
value
Cheap, Well-Managed O&G Producer on the Cusp of an Inflection
IPCO.TO: Cheap O&G producer (5.5x 2024 EBITDA, 7.7x FCF) with Blackrod growth optionality. Lundin family (34% stake) has strong track record. Blackrod Phase 1 (30k boepd) to drive FCF inflection. 40%+ upside to C$27 target. Risks: Blackrod delays/overruns, oil price volatility. RV Capital involvement adds credibility.
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