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Investing.com - Roth/MKM initiated coverage on InPlay Oil Corp (TSX:IPO) (OTC:IPOOF) with a Buy rating and a price target of C$18.00 on Monday.
The Canadian oil-weighted exploration and production company currently produces approximately 18,500 barrels of oil equivalent per day (boepd), with operations focused on the Cardium formation in Pembina and Willesden Green.
InPlay Oil completed a significant acquisition in the first quarter of 2025, purchasing approximately 10,000 boepd from Obsidian Energy (TSX:OBE) for C$301 million.
The acquisition has enhanced InPlay’s oil weighting and improved its drilling inventory quality, according to Roth/MKM’s analysis.
Roth/MKM believes the acquisition positions InPlay Oil to generate sustainable free cash flow, which will support long-term returns and makes the company an attractive investment opportunity at current valuation levels.
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