InPlay Oil: High Yield, Hidden Value In Canadian Energy

  • InPlay Oil is a high-yielding micro-cap E&P, focused on low-decline Cardium assets, offering a 12% dividend and strong cash flow discipline. Valuation is compelling: forward P/E ~8.5× and EV/EBITDA ~5×, with the market pricing in low growth and high risk, versus peers. Key upside drivers are higher oil/gas prices, efficient drilling in Cardium Unit 7, and disciplined capital allocation for free cash flow and debt reduction.