2024-01-30 10:30:00 ET
Summary
- InPlay Oil's updated guidance for 2024 shows a flat (or even negative) production compared to Q4 2023 output.
- The company anticipates a low single-digit decrease in production compared to Q4 2023.
- InPlay Oil's free cash flow is sufficient to cover its dividend payments, and the dividend yield is approximately 8% - a good enough reason to remain a shareholder.
Introduction
I have been bullish on InPlay Oil ( IPO:CA ) ( OTCQX:IPOOF ) for a while and one of the main elements to my bullish thesis was the anticipated self-funded production growth in 2024 and 2025 . Unfortunately, the company is now walking back on that promised production growth and the updated guidance for 2024 anticipates the production to remain pretty flat compared to the Q4 2023 output....
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For further details see:
InPlay Oil: Attractive 8% Dividend Yield Despite Weak Guidance For 2024