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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

Post by Hendrick3on Aug 07, 2021 8:26am
125 Views
Post# 33668045

Upside Is phenomenal

Upside Is phenomenal One never knows the reason that someone sells a bundle of stock at a huge discount to projected value, but they must be desperate for cash or had a margin call. Next Wednesday the much anticipated 2q results come out and the corresponding increased projections for cash flow, free cash flow and production. At the old projections, using $60 crude, FCF was 25 cents per share. We now anticipate higher production from the world class wells, prices are close to $70 than the old $60 estimate so debt is coming off quickly. The average target price is over double by the analysts who cover this stock and pretty solidly rated a buy. I feel bad for whoever sold at such a discount. Their recent well performance may be the best in the Cardium. The good news is that those discounted shares have found a home with me and I am grateful to have them so cheap. 
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