InPlay Oil Corp T.IPO

trouble is management is talking growth and aquisitions

[drunk@noon]

rather 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.

[SC2021]

I agree; getting rid of the debt would be a prudent move as we do not know what will happen this fall-winter.  Governments are certainly unpredictable when it comes to this "virus" or a "new" variant.   We could see the World locked down again.

[Hendrick3]

Their current plan is to pay down debt with free cash flow. At these prices they will be under $45 million by year end. The wells they drill pay back in under 4 months and have a 200% IRR. They will be at 1 times cash flow to debt next year. Paying off all the debt (which costs around 7%)is not wise when you can drill wells at 200% IRR. Ideally they get debt to a more appropriate level such as 1

[viper2000]

do you think ipo's shareprice could hit 10 dollars in q2 of 2022? tia

[Sheshe1234]

Anything is possible??

[littledave55555]

makes great sence , its an interesting time in the world with opec ... keeping the oil price where it is .... all it takes is a couple of countrys to decided they are not happy with opec decision and they will start pumping more oil ... kinda like what the UAE wants to do... So i think you are right ... prices are great right now... why take a chance on getting bigger ... Pay down the debt and