09:29:52 EST Sun 08 Feb 2026
Enter Symbol
or Name
USA
CA



International Petroleum Corp
Symbol IPCO
Shares Issued 113,278,532
Close 2025-09-03 C$ 24.88
Market Cap C$ 2,818,369,876
Recent Sedar+ Documents

Globe says Blackrod seen enhancing Int'l Petroleum

2025-09-03 07:34 ET - In the News

The Globe and Mail reports in its Wednesday, Sept. 3, edition that RBC Dominion Securities analyst Rob Mann began coverage on International Petroleum with a "sector perform" recommendation. The Globe's David Leeder writes in the Eye On Equities column that Mr. Mann set a share target of $26. Analysts on average target the shares at $24.71. Mr. Mann notes the "pieces falling into place" for International Petroleum, with the "transformational Blackrod Phase 1 project" expected to produce first oil in the second half of 2026, enhancing the company's long-life, low-decline production base. He decided on a "sector perform" rating given a 51-per-cent jump in its share price thus far in 2026 and a "premium" valuation compared with its peers. The Globe says he views its shares "as fairly valued, however, [we] do see the potential longer-term upside as Blackrod milestones are achieved in 2026-27 and beyond. International Petroleum has laid a strong foundation to set itself up for further success in the years ahead, in our view. International Petroleum's management team and board are also highly aligned with shareholders via its collective 4.2-per-cent direct share ownership and the Lundin family trust ownership of 37.6 per cent."

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