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An update from International Petroleum Corporation ( (TSE:IPCO) ) is now available.
International Petroleum Corporation has begun steam injection at its 100%-owned Blackrod Phase 1 heavy oil development in Canada, marking a key milestone toward first oil production, which the company continues to forecast for the third quarter of 2026, one quarter earlier than initially guided. The project, which targets plateau production of 30,000 barrels of oil per day within a regulatory framework that allows up to 80,000 barrels per day, remains on budget with forecast growth capital expenditure of USD 850 million, of which about 92% had been spent by the end of the third quarter of 2025; the scale of Blackrod’s reserves and contingent resources underscores its strategic importance to IPC’s long-term production growth and cash flow profile.
The most recent analyst rating on (TSE:IPCO) stock is a Hold with a C$25.00 price target. To see the full list of analyst forecasts on International Petroleum Corporation stock, see the TSE:IPCO Stock Forecast page.
Spark’s Take on TSE:IPCO Stock
According to Spark, TipRanks’ AI Analyst, TSE:IPCO is a Neutral.
The overall stock score of 60 reflects moderate financial performance and technical analysis, with valuation concerns due to a high P/E ratio. The positive earnings call, highlighting operational successes and strategic developments, provides some optimism. However, cash flow challenges and increased debt remain significant risks.
To see Spark’s full report on TSE:IPCO stock, click here.
More about International Petroleum Corporation
International Petroleum Corporation is an international oil and gas exploration and production company with a portfolio of assets in Canada, Malaysia and France, positioning it for both organic and inorganic growth. The company is part of the Lundin Group of Companies, is incorporated in Canada, and its shares trade on the Toronto Stock Exchange and Nasdaq Stockholm under the ticker IPCO.
Average Trading Volume: 118,462
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$2.85B
For an in-depth examination of IPCO stock, go to TipRanks’ Overview page.