IPCO SS

International Petroleum Corp.

Energy


Presented:10/17/2019
Price:SEK34.76
Cap:$0.69B
Current Price:SEK126.00
Cap:$1.85B

Presented

Date10/17/2019
PriceSEK34.76
Market Cap$0.69B
Ent Value$1.10B
P/E Ratio4.01x
Book ValueSEK43.46
Div Yield0%
Shares O/S163.72M
Ave Daily Vol591,300
Short IntN/A

Current

PriceSEK126.00
Market Cap$1.85B
International Petroleum Corp. engages in the exploration and production of oil and gas. It operates through the following geographical segments: Malaysia, France, Netherlands, and Other. The company was founded by Adolf H. Lundi in 2017 and is headquartered in Vancouver, Canada.

Publicly traded companies mentioned herein: International Petroleum Corporation (IPCO SS), Lundin Petroleum (LUPE SS) 

Highlights

The presenter is long shares of International Petroleum Corporation (IPCO) based on the Lundin Family’s success in building companies within the oil and gas sector. In April 2017, Lundin Petroleum (LUPE) spun-off its non-core producing assets outside of Norway into IPCO. Since it was listed in 2001, LUPE has compounded at ~30% per year in U.S. dollars. IPCO currently trades at ~$3.65/share, has 175MM shares outstanding, and a market cap of roughly $612MM. It is listed in both Sweden and Canada, but is more liquid in Canada. 

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