IPOOF - Comparing InPlay Oil With Cardinal Energy And Obsidian Energy
- In my last article on IPOOF, I said the stock is worth $5.29. Since then, IPOOF brought a 30% profit for its investors.
- Based on a WTI oil price of $110 per barrel in 2022, I estimate an average production (boe/d) of 9400, 24970, and 33000 for IPOOF, CRLFF, and OBE, respectively.
- I estimate 2022 total sales of CAD$283m, CAD$3533m, and CAD$3754m for IPOOF, CRLFF, and OBE, respectively.
- With upside potentials of 88% and 84%, InPlay Oil and Obsidian Energy are opportunistic stocks for investors optimistic about the oil industry.
- IPOOF has higher upside potential; however, buying OBE is a better investment as it is less risky.
For further details see:
Comparing InPlay Oil With Cardinal Energy, And Obsidian Energy