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InPlay Oil Corp. ( (TSE:IPO) ) has shared an update.
InPlay Oil Corp. has announced its capital budget for 2025, outlining a program of $41 to $44 million aimed at enhancing financial efficiency and operational productivity. The company plans to increase production by 2% while reducing its capital budget by 33%, focusing on its most productive property, PCU7. This strategy includes reduced infrastructure spending and a lower corporate decline rate. InPlay projects a Free Adjusted Funds Flow yield of 20% and a dividend yield of 11%, positioning the company as a high performer among its peers. Additionally, InPlay intends to utilize excess funds to reduce debt, forecasting a net debt of $52 to $58 million by year-end 2025. The company anticipates increased market volatility due to global energy dynamics but maintains a forecast in line with peers.
More about InPlay Oil Corp.
InPlay Oil Corp. operates in the oil and gas industry, focusing on the exploration, development, and production of oil and natural gas. The company is positioned in Calgary, Alberta, and its market focus includes maximizing operational efficiency and financial returns within the energy sector.
YTD Price Performance: -1.46%
Average Trading Volume: 91,249
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$152.3M
See more data about IPO stock on TipRanks’ Stock Analysis page.
