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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 Rational43on Dec 02, 2023 8:03pm
290 Views
Post# 35765526

RE:Extra Possible ?

RE:Extra Possible ?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 same as growing production 10%, per share, and if everyone did it prices stay higher.  
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