Opinions Rick Rule
International Petroleum CompanyIPCO.TOTOP PICKDec 13, 2024
Rick RuleStock price when the opinion was issued
As of Sep 11, 2026. Market Open.
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Its value and ability to generate cash returns to shareholders is understated by the market. It is the most financially sustainable in its field in North America. Heavy capital expenditures are behind them and the reserve base is extraordinary. It can distribute returns to shareholders and still have capital to fund expenditures and growth, Buy 11 Hold 4 Sell 0
(Analysts’ price target is $42.09)Rick Rule
Generates all kinds of money. Really clear pathway to growth -- fully funded, and will increase FCF. Very long-life production. Adult supervision from the Lundin family, which controls it.
Sees 45% production growth in next 2 years. Expects you’ll do well in share price appreciation and dividends for 2-3 years. In the 3-5 year timeframe, suspects it’ll be sold to a premium bidder. No dividend.
Rick Rule
Also a Lundin Group company. Consistent in buying back shares. Stock's substantially undervalued. Heavy oil producer. Potential beneficiary of de-bottlenecking Keystone. No dividend.
(Analysts’ price target is $20.27)