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InPlay Oil Corp. T.IPO

Alternate Symbol(s):  IPOOF

InPlay Oil Corp. is a Canada-based junior oil and gas exploration and production company with operations in Alberta focused on light oil production. It operates long-lived, low-decline properties with drilling development and enhanced oil recovery potential, as well as undeveloped lands with exploration possibilities. It is engaged in the acquisition, exploration and development of petroleum and natural gas properties, and the production and sale of crude oil, natural gas and natural gas liquids. Its operations are focused on its concentrated light oil asset base located in West Central Alberta. Its primary target is the Cardium Formation within the Pembina and Willesden Green pools. Its Belly River light oil property is located on the east side of the Pembina Cardium Pool. It holds rights to an evolving Duvernay light oil play that offers potential material upside to the Company. Its Cardium assets are located in West Central Alberta focused on the Pembina and Willesden Green pools.


TSX:IPO - Post by User

Comment by Hendrick3on Jun 21, 2021 8:19pm
75 Views
Post# 33425098

RE:RE:INPLAY OIL CORP (IPO:CT)1.22 0.08 (7.02%)

RE:RE:INPLAY OIL CORP (IPO:CT)1.22 0.08 (7.02%)

Not sure why you think OBE which has 4 1/2 times the production of IPO should only be 50% higher. I find when you consider all factors, OBE should be between 3 to 4 times IPO so right now they are about right proportionally speaking. I believe OBE is headed to $10 in the next 6 months which would make IPO worth between $2.50 and $3.33. 

I own both and have through 2020/2021. When OBE was less than 3 times I sold IPO and bought OBE. When OBE was more than 4 times IPO, I sold OBE and bought IPO. It worked like a charm because they seem to come back to the 3 to 4 ratio. Both are amazing value and represent almost my entire portfolio. 

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