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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

Post by drunk@noonon Jul 02, 2021 10:52am
182 Views
Post# 33481771

trouble is management is talking growth and aquisitions

trouble is management is talking growth and aquisitionsrather than keeping production steady and buying back shares. Given cashflow and NAV per share they should keep production at 5000 boepd,  pay down debt this year, and buy back a third of their shares next year. With oil at 70 dollars, the shareprice would have to double alone with a third few shares and minimal debt. Instead. like I said, they would rather grow and make aquisitons. 
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