International Petroleum: A Second Less Mentioned Story Is Every Bit As Important As Blackrod

International Petroleum (IPCFF) benefits from the Blackrod Project coming online amid rising commodity prices. Consistent share buybacks and a no-dilution policy have increased per-share production. Management argues IPCFF’s stock price lags its production growth. Industry volatility remains high due to low visibility and geopolitical factors. The energy sector’s current out-of-favor status and market uncertainty appears to be reflected in poor stock price valuations throughout the industry. This should correct.