Company Highlights: 

  • InPlay is a Calgary based company with oil and natural gas production in the Cardium Willesden Green area of central Alberta.
  • Production in Q2/22 grew 68% to 9,063 boe/d (57% liquids) compared to 5,386 boe/d in Q2/21. A large part of the growth was due to the acquisition of Prairie Storm for $57M which added 1,800 boe/d. IPO also owns lands in the Duvernay oil play and may move on this in 2023. Funds flow in the quarter was $41M or $0.47 per share versus $8M or $0.12 per share in Q2/21.
  • IPO has 87M shares outstanding and a market capitalization of over $200M. Insiders own 7% of the shares.
  • We see IPO generating $1.63 in cash flow in 2022. Our Bull Market Peak Target for IPO is $10.00 per share.
Doug Bartole
Doug Bartole
President & CEO
Douglas J. Bartole – President and Chief Executive Officer
Mr. Bartole has been the founder, President and Chief Executive Officer of the Corporation since November 2012; prior thereto, Mr. Bartole was the founder, President and Chief Executive Officer of Vero Energy Inc., a public oil and gas company, from September 2005 to November 2012. Mr. Bartole was also previously Vice President, Operations of True Energy and held management and engineering roles at Husky Energy Inc., Renaissance Energy Ltd. and Pan Canadian Petroleum Ltd. He has also been a director of public and other private corporations. Mr. Bartole is a member of the Institute of Corporate Directors and governor of CAPP.