Hugo C. Picher
CFA, research analyst, value, special situations

Deep Value And Event-Driven Investment Idea: Interoil Exploration And Production

(Editors' Note: This article covers a stock trading at less than $1 per share and/or has less than a $100 million market cap. Please be aware of the risks associated with these stocks.)

Interoil Exploration and Production (US: OTC:IROIF) is a Norwegian petroleum company that operates mostly in Peru and Colombia. It is a small-cap stock with a market cap of $84M that is not much covered. The firm reported sales of $97M and a net profit of $19M for the year 2013.

I believe Interoil stock has a great price appreciation potential based on very low valuation and important catalysts. The following is a deep value and event-driven "buy" investment thesis.

Key drivers:

· The seismic acquisition in...

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