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zhengzaishuru All figures are in CAD unless otherwise noted as that is the company’s reporting currency. My most recent article on InPlay Oil (TSX: IPO:CA ) was in May 2023 after Q1 2023 results were released where I made the following conclusion. The script has certainly flipped on this company as previous articles marketed IPO as more of a high growth at a reasonable price company. That is looking to no longer be the case as it looks to be positioning itself to return capital to shareholders rather than prioritizing growth. Management has indicated that this can be accomplished should WTI prices stay above US$55/BBL, I see this as optimistic given their natural gas curtailments and weaknesses in that market and would put that number at closer to US$60/bbl. I still firmly believe this is a low risk ~7% yield investment and investors should be able to realize double digit returns over the next few years through further dividend increases or share buybacks. Data by YCharts The stock has unfortunately been fairly flat since I wrote on it despite the recent increases in oil and natural gas prices. WTI averaged $85/bbl USD is August up from $65/bbl in May […]
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