InPlay Oil [TSX:IPO] was recently rated a buy by Canaccord Genuity. The Armchair Trader also met with the management team recently at the Bally Capital Swiss Mining Institute conference in Switzerland. We were favourably impressed. The company has been able to post the top production growth in Cannaccord's coverage universe, a level of growth which is particularly impressive given that it is being achieved entirely through the drill bit.
InPlay Oil is still expected to post a debt-adjusted FCF yield (to EV) of around 21% next year. Needless to say, InPlay stock outperformed the sector by a wide margin in 2021, up over 850% compared to the Canadian small cap exploration and production AVERAGE of around 340%. This has been a really punchy market to invest in, and to beat those numbers so significantly is impressive.
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