Monday's Monster Stock (Nov. 20)

Hint...it's not mining

Author

Colton Griffith
November 20, 2023

What to expect in this Monday’s (Nov. 20) pick:

  • 6%+ dividend 💸

  • Steady increase in production 🏭

  • Strong base of shareholders 🎯

While we may typicaly be more biased towards discussing mining stocks, InPlay Oil Corp (TSE: IPO) is today’s Monday Monster Stock, standing out in the oil and gas sector impressive improvements and a committment to rewarding shareholders.

🛢️ Why InPlay Oil Corp. is Our Pick This Week

  • Solid Dividend: With a monthly dividend of $0.015 per share and an attractive dividend yield of 6.67%, InPlay Oil demonstrates its commitment to shareholder value and returning profits.

  • Strong Financial Footing: With a market cap of more than C$219 million (this isn’t a junior explorer) and a P/E ratio of 5.25, IPO showcases financial growth potential.

  • Production Levels: The company expects to maintain a production rate of 10,250 to 11,250 boe/d next year, building on a steady increase in production through 2023.

  • Environmental Consciousness: InPlay Oil's dedication to sustainability aligns it with the global transition to greener energy practices.

⚠️ Considerations for Investors

  • Market Fluctuations: Like any energy company, IPO's performance is linked to global oil price movements and market volatility.

  • Regulatory Challenges: Navigating the evolving regulatory landscape around oil and gas remains a critical factor for InPlay Oil.

  • Stock is down: Although $IPO is down ~30% from its C$3.35 52-week high, it is not indicative of the companies progress and should be viewed as an opportunity.

Our pick 🌟💰

InPlay Oil Corp, trading under the ticker IPO, is an example of a company with growth potential and financial stability.

Its production efficiency and shareholder-focused strategy are a beam of light in dark financial times.

Current Trading Details:

  • Stock Price: C$2.41

  • Mkt cap: $219M

InPlay Oil Stock Chart

Colton, Stock Monster.

P.S. Want to view our previous Monster Stock picks? View them here.

This newsletter is for informational purposes only and should not be considered financial advice. Always conduct your own research before making any investment decisions. We have not been compensated in any way for this pick or content; we genuinely just believe in its potential.