Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
InPlay Oil Corp. ( (TSE:IPO) ) has provided an announcement.
InPlay Oil Corp. has announced a strategic acquisition of light oil assets in the Pembina area from Obsidian Energy Ltd. for approximately $309 million. This acquisition is set to significantly increase InPlay’s production capacity and operational synergies, with over 100% increase in production and a 170% increase in light oil output, strengthening their shareholder return profile and free funds flow, while maintaining low decline, long-life reserves.
More about InPlay Oil Corp.
InPlay Oil Corp. is a company operating in the oil and gas industry, primarily focusing on the production of Cardium light oil. They are active in the Pembina area of Alberta, seeking opportunities to enhance their market presence and production capabilities.
YTD Price Performance: 5.29%
Average Trading Volume: 85,525
Technical Sentiment Consensus Rating: Hold
Current Market Cap: C$161.3M
For a thorough assessment of IPO stock, go to TipRanks’ Stock Analysis page.
