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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, and 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 Cardium assets are located in West Central Alberta focused on 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 on an evolving Duvernay light oil play that offers potential material upside to the Company.


TSX:IPO - Post by User

Comment by Hendrick3on Mar 22, 2021 4:48pm
90 Views
Post# 32852246

RE:Low Activity on IPO

RE:Low Activity on IPOIt appears the sector in general is taking a rest after the big run up. Things can change quickly but if the malaise of today is any indication, this may be stuck in the 50's for a few weeks. The problem is if you wait to buy it, you might find yourself chasing it when it takes off. Even at today's pricing it looks like it will be over 25 cents per share free cash flow which is an exceptional rate of return. Everything in this sector appears cheap but this one seems extraordinarily cheap based on the fundamentals. 
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