Investment
Features
FeesSafety
Academy
More
Pluang+

International Petroleum raises 2026 cash flow forecast amid strong Q1 results and Blackrod project progress

Company Fundamentals
05 May 2026
GlobeNewsWire
View Source
Bullish
pluang ai news

International Petroleum Corporation (IPC) reported strong first quarter 2026 results with average production at 43,000 boepd and operating costs below guidance. The company increased its 2026 capital expenditure due to higher commodity prices driven by Middle East conflicts, boosting its full-year operating cash flow forecast to $220-$340 million from $100-$250 million. The Blackrod Phase 1 development in Canada is nearing completion, with first oil expected in Q3 2026, a quarter earlier than planned. IPC maintains its 2026 production guidance and has strengthened its liquidity by extending its Canadian credit facility.

More News

Warner Bros. Discovery shares drop 4% after judge halts $110B Paramount-Skydance merger.

Warner Bros. Discovery shares drop 4% after judge halts $110B Paramount-Skydance merger.

Warner Bros. Discovery's stock fell 4% following a court decision to pause the $110 billion merger deal between Paramount and Skydance. The judge's intervention raises uncertainty about the future of this major entertainment industry consolidation. I...

Market News
Bearish
3 hours ago
Shiba Inu's token burn rate spikes 5,223% in a day, destroying 401 million tokens amid a $700M market surge

Shiba Inu's token burn rate spikes 5,223% in a day, destroying 401 million tokens amid a $700M market surge

Shiba Inu (SHIB) experienced a massive deflation event with its token burn rate increasing by 5,223% in 24 hours, resulting in 401 million tokens permanently removed from circulation. This surge coincided with a nearly 40% price jump and $700 million...

Market News
Bullish
4 hours ago
Bitcoin mining difficulty drops 0.74% amid price slump and shift to AI workloads

Bitcoin mining difficulty drops 0.74% amid price slump and shift to AI workloads

Bitcoin's mining difficulty fell by 0.74% at block 959616, marking the 15th adjustment in 2026 with more cuts than increases. The difficulty drop reflects a 13.82% decline since January, driven mainly by a 26% fall in Bitcoin's price and miners reall...

Market News
Bearish
4 hours ago
XRP community clarifies Ripple's escrow holds 32.445 billion XRP, confirming transparency amid social media confusion.

XRP community clarifies Ripple's escrow holds 32.445 billion XRP, confirming transparency amid social media confusion.

The XRP community has clarified that Ripple currently holds 32.445 billion XRP in escrow, addressing confusion from outdated figures circulating on social media. This number is verified by the XRP Ledger explorer XRPScan and confirmed by the XRP Ledg...

Protocol Fundamentals
Bullish
4 hours ago
Flare CEO unveils 6-month XRPFi upgrade roadmap aiming to boost XRP DeFi use and liquidity.

Flare CEO unveils 6-month XRPFi upgrade roadmap aiming to boost XRP DeFi use and liquidity.

Flare Networks CEO Hugo Philion announced a six-month plan to transform the XRP decentralized finance ecosystem, XRPFi, by enabling smart contract functionality on the XRP Ledger through Flare's programmable layer. This will allow XRP holders to use ...

Protocol Fundamentals
Bullish
4 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App