Deep Dive: Jim Gillies Discusses International Petroleum Stock
It was a pleasure to have Jim back on the show. If you're interested in more of his work, you can find it here. These are the questions we asked him about International Petroleum:
What is International Petroleum?
Can you explain what countries it operates in, what type of resources it is producing, and in what way?
What is your thesis on the stock?
How important is the price of crude oil to this business? At what oil price does it revert back to unprofitability?
It has $1 billion in estimated property and equipment on its balance sheet. What are the major components of that?
Thoughts on management
Where do you see petroleum usage going over time?
What are the important metrics to follow for anyone looking at this business?
Major risks to this business outside of the price of oil dropping?
What are some things/events/numbers you are looking at to identify if things are going poorly for International Petroleum?
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Disclosure: The author and podcast guests are not your financial advisors. Ryan Henderson and Brett Schafer are general partners and portfolio managers at Arch Capital. Clients of Arch Capital may hold securities discussed on this show.