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Bullboard - Stock Discussion Forum 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... see more

TSX:IPO - Post Discussion

InPlay Oil Corp. > Extra Possible ?
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Post by pennydredful on Dec 01, 2023 1:56pm

Extra Possible ?

I    wonder   if    will  see   a penny  or   two   extra  added  to   the final  dividend   of the year  ?   For   example   an   extra   of    .02     would   bring us   up   to    an    even    .20    for    the   year    ie   12 times .015  is   .18  +   .02  =   .20     .   A  little   Christmas   bonus     at   year   end.
Comment by pennydredful on Dec 01, 2023 7:05pm
Did   not  happen  but  regular   declared  .  Perhaps   they wish  to  retain funds   for  NCIB.  
Comment by Rational43 on Dec 02, 2023 8:03pm
It is amazing that a 7.7% dividend while paying off debt and growing production isn't enough to entice buyers, it would be nice to see the extra capex for growth stop, and split between buying back shares and giving a special dividend for Q4.   Oil industry executives are completely financially illiterate, and can't wrap their heads around that buying back 9% of the float is the ...more  
Comment by goldens on Dec 03, 2023 11:07am
I personally would not want a special dividend but rather more share buyback. I agree with reducing capex at this stage as well. Why spent more to sell it for lower prices especially since OPEC+ didn't cut and they may see a need to take a shot at NA production by letting prices fall if they continue to see increased production from NA. Just my opinion.
Comment by Varadero on Dec 03, 2023 6:13pm
I hope you are following the recent news! InPlay Oil receives TSX OK for share buyback renewal https://www.stockwatch.com/News/Item/Z-C!IPO-3477817/C/IPO INPLAY RECEIVES TSX APPROVAL TO RENEW ITS NORMAL COURSE ISSUER BID The Toronto Stock Exchange has accepted InPlay Oil Corp.'s notice of intention to renew its normal course issuer bid for a further one-year term. The previous NCIB ...more