Wednesday, January 26, 2022

InPlay Oil (IPOOF)(IPO:CA)
InPlay was the third best performer in the OTCQX 50 2022 list

As of April 24, 2020, Noble Capital Markets research on InPlay Oil is published under ticker symbols (IPOOF and IPO:CA). The price target is in USD and based on ticker symbol IPOOF. Research reports dated prior to April 24, 2020 may not follow these guidelines and could account for a variance in the price target. InPlay Oil is a junior oil and gas exploration and production company with operations in Alberta focused on light oil production. The company operates long-lived, low-decline properties with drilling development and enhanced oil recovery potential as well as undeveloped lands with exploration possibilities. The common shares of InPlay trade on the Toronto Stock Exchange under the symbol IPO and the OTCQZ Exchange under the symbol IPOOF.

Michael Heim, Senior Research Analyst, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

IPOOF ranks high in the annual OTCQX survey. The survey ranks over 11,000 stocks based on an equal weight of stock performance and average daily dollar volume growth in 2021. The shares of IPOOF, which rose 254% in 2021, continued their climb so far in 2022 reaching a peak of $2.69 or 937% above the starting point for 2021. The shares have fallen a bit in the last few days along with the overall market, but still remain near peak levels. Average daily volumes, which were below 5,000 shares at the beginning of 2021 have crossed 100,000 several of the last trading days.

There are many reasons for the share strength.  Certainly higher oil and gas prices have helped the shares. However, we believe the successful drilling of Cardium wells in the Pembina play was the primary reason for the share strength as management raised production and sash flow guidance several times. We are especially excited about a tuck-in acquisition that the company made in the fall that ...

This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision.