-
International Petroleum Corporation (IPCO $35.19)
-
W&T Offshore Inc. (WTI $3.77)
-
Cardinal Infrastructure Group Inc. (CDNL $52.69)
-
Range Nuclear Renaissance Index ETF (NUKZ $73.92)
Grateful for your views on International Petroleum (IPCO-t), W&T Offshore(WTI-N), Cardinal Infrastructure (CDNL-Q) and Range Nuclear Renaissance ETF (NUKZ-n).
Would you be a buyer at this time and at what price ?
Gratefully,
Jacques IDS
With four securities we can only be brief;
IPCO is more expensive than many peers, but looks fine. Expected growth is solid, as is cash flow. Leverage is a bit high but will come down with cash flow. We like it.
WTI is still small at $568M market cap, even after its big gains. It is still losing money, and sales are lower than they were several years ago, even with better pricing. We would wait for this to consolidate somewhat.
CDNL, serving the utility sector, looks good. A bit expensive at 33x earnings, but the balance sheet is fine, revenue is growing nicely and cash flow is good. It is quite unknown, with only two analysts. It went public in December but has more than doubled since then. We like it.
NUKZ: we like the sector, and NUKZ has done VERY well, up 77.84% in a year. Fees are high at 0.85%, but we are very comfortable with its securities holdings. We would fine owning this for uranium exposure.