DVN - International Petroleum: This Low-Cost Producer Is A Bargain
International Petroleum (IPCFF) has recently reported solid Q4 results.
I encourage the readers to watch the company's 2019 Capital Markets Day webcast. It has a lot of useful information about the company's assets, guidance, organic growth plans, and market environment.
I would like to highlight that, for the FY2018, the company has:
- More than doubled revenue, EBITDA and operating cash flow.
- More than tripled net income.
- Multiplied by 2.2x its 2P reserves and by 13.5x its 2C reserves.
- Increased the Reserve Life Index ((RLI)) from 11 to 16 years.
- Repaid $198 million in debt.
- 2P