Japan Specialist

Mark Chadwick

Over 20 years experience in equities and asset management in Asia and Japan. Qualified CFA with experience analyzing companies as a buy-side analyst. In-depth knowledge of company fundamental analysis, corporate governance and valuations.

WTI 105 Rejection Sets up a Key Low at 89/85

Equity Bottom-Up

<ul>
<li>Oil prices have had a good run, and so have oil stocks, but INPEX can still double from here</li>
<li>High oil prices and rising production will generate strong operating cash flow growth</li>
<li>Total shareholder returns will be close to 10% this year, meanwhile the valuation languishes at 0.6x P/B, way below global peers</li>
</ul>


Oil prices have had a good run, and so have oil stocks, but INPEX can still double from here
High oil prices and rising production will generate strong operating cash flow growth
Total shareholder returns will be close to 10% this year, meanwhile the valuation languishes at 0.6x P/B, way below global peers


INPEX (1605) | The Cheapest Oil Stock in the World

Inpex Corp

INPEX (1605) | The Cheapest Oil Stock in the World