InPlay Oil Corp T.IPO

Low Activity on IPO

[Hendrick3]

Not much happening post the results March 17. Next week the insiders will likely have access to buying shares for the first time since end of December. I presume some will want to add to their positions while the price is low. Free cash flow estimates suggest almost a 50% return on the share price. Add to that analyst upgrades and this should be 60 cents plus very soon.

[Hendrick3]

It 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

[littledave55555]

We will get over 60 cents this week and we will get to a dollar... as long as wti stays over 60 bucks a barrel... so enjoy the ride 

[kavern23]

It is still a tough energy market overall. I think YGR will trade at 3 times whatever IPO stock price s the closer we get to December 2021. I would do some friendly wagers with some of you stockhouse posters on this. In box me the stakes..dead serious...no crazy amounts of money. I like IPO but I think it will be challenging to break 60 -65 range without Q1 results. YGR will likely be the first

[kavern23]

Further to this post on YGR trading at 3 times higher then IPO....look at the last time oil spiked to 63 bucks...was like April 2019...YGR was at this ratio then...happened in the past. The higher oil prices are the greater chance YGR has of being 3 times higher then IPO.... Why I don't think IPO is undervalued in context of the market...

[Hendrick3]

Ya, that is all I need is more wagers in my life. I think my oil abd gas wagers are sufficient for my gambling addiction. I own IPO, OBE, YGR and a bit of BNE so I am loses up on Cardium players. Rather than say some are better than others, I hope they all climb. Of the four my least favourite is BNE and I hold a pretty modest position. The other three are all massively undervalued. The only knock

[BrownDog5340]

I thought you liked Tamarack Valley also?

[Hendrick3]

I don't follow Tamarack but when I looked at it a few months ago, it looked to be a good play but not as beaten down as some of the names I made an investment in. There is very little that is overpriced these days unless crude is headed back to sub $45. 

[kavern23]

Tough day for all Cardium players. I agree it would be nice if all did well by December. I agree it is not about saying one company is better then others..But I think if trying to predict on which one is likely to take off first it is worthwhile to look at what a fund investor is going to look for before investing.A stock afterall is only worth what the market will pay.... Are financial

[Hendrick3]

You make an excellent point about the ESG advantage of YGR which is why they were priced above OBE for most of last year. Those environmental liabilities come to the forefront when a company is in financial distress. These are very long term liabilities and they don't really matter at $60 oil which is why ObE blew past YGR. Suddenly the long term liabilities are long term again. So I agree

[kavern23]

But it all matters what investors want to park their money in...need more buying to move these stocks. It probably makes sense that YGR, IPO, BNE and OBE really havent moved yet...I mean oil was only 52 dollar in January for average price...not sure on Feb average butit felt like 57 ish too me...and March feels like 61.50 ish so far. Possible we need until end of April to get the investor notice

[Hendrick3]

Your first sentence says it all. So far this rally has been zmostly retail. The real moves will happen if institutions start buying the sector. That would favor the higher priced stocks as most institutions do not play penny stocks. The institutions may never get involved on ESG concerns of holding oil stocks. We may never get the full valuations we deserve as a result but I still think there is