An announcement from InPlay Oil Corp. ( (TSE:IPO) ) is now available.
InPlay Oil Corp. announced its 2024 financial and operating results, highlighting a transformative year marked by the acquisition of Pembina Cardium assets from Obsidian Energy Ltd. This acquisition is expected to significantly enhance InPlay’s operational scale and financial performance by increasing oil production, improving netbacks, and reducing decline rates. The company plans to leverage these assets to strengthen its free adjusted funds flow, reduce debt, and enhance shareholder returns. InPlay’s disciplined approach in 2024 allowed it to capitalize on this acquisition, positioning the company for significant growth and long-term success in 2025.
More about InPlay Oil Corp.
InPlay Oil Corp. operates in the oil and gas industry, focusing on the exploration and production of oil and natural gas. The company is primarily engaged in developing assets in the Pembina Cardium region, leveraging its operational expertise to enhance production and efficiency.
YTD Price Performance: -7.06%
Average Trading Volume: 163,469
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$144.2M
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