International Petroleum Corp (TSX:IPCO)
C$ 18.49 -0.11 (-0.59%) Market Cap: 2.31 Bil Enterprise Value: 2.36 Bil PE Ratio: 10.81 PB Ratio: 1.70 GF Score: 85/100

Q1 2021 International Petroleum Corp Earnings Call Transcript

May 05, 2021 / 07:00AM GMT
Release Date Price: C$4.61 (+5.73%)
Mike Nicholson
International Petroleum Corporation - President, CEO & Director

Okay. So a very good morning to everybody, and welcome to IPC's First Quarter Results and Operations Update Presentation. My name is Mike Nicholson, I'm the CEO of IPC. I'm also joined this morning by Christophe Nerguararian, who's the CFO; and Rebecca Gordon, who's our VP of Corporate Planning and Investor Relations.

I'll begin in the usual fashion by walking through the operations update, and then I'll pass across to Christophe, and he'll walk through the financial numbers for the first quarter. And then at the end of the presentation, we'll open up and you'll have the ability to ask questions, and we'll take those from the participants joining from the conference call or from the questions that are submitted online.

So to get started in the Q1 highlights. Very, very strong first quarter for IPC. For the first time in 2 years, we've seen synchronized strong Brent prices, very tight differentials, strong gas prices and exceptionally high uptime performance, which has led to very strong production.

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