Imperial Petroleum Inc. IMPP

Earning of $4.1 Million in Q3. Yet borrow $28 million in Q4. That’s 7x debt to earning.

If Q3 looks like this, imagine Q4.

Let’s see here. 3rd quarter has poor earning. WTI didn’t do well until January 2022. Is it safe to predict that 4th quarter earning will just be as horrible as 3rd quarter ?

WTI has resistance at $107.50. Without news, it will
Move sideways today.

If IMPP misses earnings, it will dip for us to buy at huge discounts.

$1.50 dip ?

If earning missed, we will be able to buy in nice dips.

Waiting for earning. Better not be piss poor earning. Or else.

Lately market reacts negatively against earnings date.

Negative Earnings = Dump
Positive earnings = Dump

IMPP is RED with WTI down few % before earning. This doesn’t bode well.

Wow down another 4% before earning report. Not surprising at all. IMPP will probably drop close to $1 after potential missed earning. My orders will be filled at $1.