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InPlay Oil

TSX:IPO
Snowflake Description

Fair value with imperfect balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
IPO
TSX
CA$7M
Market Cap
  1. Home
  2. CA
  3. Energy
Company description

InPlay Oil Corp. engages in the acquisition, exploration, and development of petroleum and natural gas properties in Canada. The last earnings update was 10 days ago. More info.


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IPO Share Price and Events
7 Day Returns
110%
TSX:IPO
15.2%
CA Oil and Gas
11.4%
CA Market
1 Year Returns
-89.6%
TSX:IPO
-41.5%
CA Oil and Gas
-22%
CA Market
IPO Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
InPlay Oil (IPO) 110% -76.1% -84.3% -89.6% -94.7% -
CA Oil and Gas 15.2% -37.6% -42.4% -41.5% -49.8% -53.6%
CA Market 11.4% -22.2% -23.5% -22% -19.8% -13.3%
1 Year Return vs Industry and Market
  • IPO underperformed the Oil and Gas industry which returned -41.5% over the past year.
  • IPO underperformed the Market in Canada which returned -22% over the past year.
Price Volatility
IPO
Industry
5yr Volatility vs Market

Value

 Is InPlay Oil undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of InPlay Oil to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for InPlay Oil.

TSX:IPO Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 12.3%
Perpetual Growth Rate 10-Year CA Government Bond Rate 1.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for TSX:IPO
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CA Govt Bond Rate 1.4%
Equity Risk Premium S&P Global 5.4%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.83
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.825 (1 + (1- 26.5%) (801.36%))
4.141
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.44% + (2 * 5.44%)
12.32%

Discounted Cash Flow Calculation for TSX:IPO using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for InPlay Oil is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

TSX:IPO DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CAD, Millions) Source Present Value
Discounted (@ 12.32%)
2020 4.29 Analyst x3 3.82
2021 4.50 Analyst x2 3.57
2022 4.65 Est @ 3.44% 3.28
2023 4.79 Est @ 2.84% 3.01
2024 4.90 Est @ 2.42% 2.74
2025 5.01 Est @ 2.13% 2.49
2026 5.10 Est @ 1.92% 2.26
2027 5.19 Est @ 1.78% 2.05
2028 5.28 Est @ 1.68% 1.86
2029 5.37 Est @ 1.6% 1.68
Present value of next 10 years cash flows CA$26.00
TSX:IPO DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CA$5.37 × (1 + 1.44%) ÷ (12.32% – 1.44%)
CA$50.03
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CA$50.03 ÷ (1 + 12.32%)10
CA$15.65
TSX:IPO Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CA$26.00 + CA$15.65
CA$41.65
Equity Value per Share
(CAD)
= Total value / Shares Outstanding
= CA$41.65 / 68.26
CA$0.61
TSX:IPO Discount to Share Price
Calculation Result
Value per share (CAD) From above. CA$0.61
Current discount Discount to share price of CA$0.11
= -1 x (CA$0.11 - CA$0.61) / CA$0.61
82.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price InPlay Oil is available for.
Intrinsic value
>50%
Share price is CA$0.105 vs Future cash flow value of CA$0.61026
Current Discount Checks
For InPlay Oil to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • InPlay Oil's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • InPlay Oil's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for InPlay Oil's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are InPlay Oil's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSX:IPO PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in CAD CA$-0.39
TSX:IPO Share Price ** TSX (2020-03-27) in CAD CA$0.11
Canada Oil and Gas Industry PE Ratio Median Figure of 55 Publicly-Listed Oil and Gas Companies 6.35x
Canada Market PE Ratio Median Figure of 499 Publicly-Listed Companies 10.74x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of InPlay Oil.

TSX:IPO PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:IPO Share Price ÷ EPS (both in CAD)

= 0.11 ÷ -0.39

-0.27x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • InPlay Oil is loss making, we can't compare its value to the CA Oil and Gas industry average.
  • InPlay Oil is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does InPlay Oil's expected growth come at a high price?
Raw Data
TSX:IPO PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.27x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
87.7%per year
Canada Oil and Gas Industry PEG Ratio Median Figure of 29 Publicly-Listed Oil and Gas Companies -0.04x
Canada Market PEG Ratio Median Figure of 234 Publicly-Listed Companies 0.69x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for InPlay Oil, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on InPlay Oil's assets?
Raw Data
TSX:IPO PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in CAD CA$2.31
TSX:IPO Share Price * TSX (2020-03-27) in CAD CA$0.11
Canada Oil and Gas Industry PB Ratio Median Figure of 198 Publicly-Listed Oil and Gas Companies 0.38x
Canada Market PB Ratio Median Figure of 2,352 Publicly-Listed Companies 1x
TSX:IPO PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:IPO Share Price ÷ Book Value per Share (both in CAD)

= 0.11 ÷ 2.31

0.05x

* Primary Listing of InPlay Oil.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • InPlay Oil is good value based on assets compared to the CA Oil and Gas industry average.
X
Value checks
We assess InPlay Oil's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. InPlay Oil has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is InPlay Oil expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
87.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is InPlay Oil expected to grow at an attractive rate?
  • Unable to compare InPlay Oil's earnings growth to the low risk savings rate as it is expected to be loss making during the next 1-3 years.
Growth vs Market Checks
  • Unable to compare InPlay Oil's earnings growth to the Canada market average as it is expected to be loss making during the next 1-3 years.
  • InPlay Oil's revenues are expected to decrease over the next 1-3 years, this is below the Canada market average.
Annual Growth Rates Comparison
Raw Data
TSX:IPO Future Growth Rates Data Sources
Data Point Source Value (per year)
TSX:IPO Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 87.7%
TSX:IPO Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts -4.8%
Canada Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average -3.9%
Canada Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 1%
Canada Market Earnings Growth Rate Market Cap Weighted Average 7.7%
Canada Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
TSX:IPO Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSX:IPO Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 65 21 -5 2
2020-12-31 59 18 -8 3
2020-03-28
TSX:IPO Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-12-31 69 28 -27
2019-09-30 63 26 -16
2019-06-30 68 32 -16
2019-03-31 68 29 -9
2018-12-31 68 30 -9
2018-09-30 73 32 -8
2018-06-30 66 24 -8
2018-03-31 60 24 -7
2017-12-31 56 23 -8
2017-09-30 49 17 35
2017-06-30 42 12 36
2017-03-31 34 8 24

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • InPlay Oil is not considered high growth as it is expected to be loss making for the next 1-3 years.
  • InPlay Oil's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
TSX:IPO Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from InPlay Oil Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:IPO Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 -0.03 0.04 -0.08 3.00
2020-12-31 -0.12 -0.05 -0.19 3.00
2020-03-28
TSX:IPO Past Financials Data
Date (Data in CAD Millions) EPS *
2019-12-31 -0.39
2019-09-30 -0.23
2019-06-30 -0.24
2019-03-31 -0.13
2018-12-31 -0.13
2018-09-30 -0.11
2018-06-30 -0.12
2018-03-31 -0.11
2017-12-31 -0.12
2017-09-30 0.62
2017-06-30 0.80
2017-03-31 0.74

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if InPlay Oil will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess InPlay Oil's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
InPlay Oil has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has InPlay Oil performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare InPlay Oil's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • InPlay Oil does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare InPlay Oil's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare InPlay Oil's 1-year growth to the CA Oil and Gas industry average as it is not currently profitable.
Earnings and Revenue History
InPlay Oil's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from InPlay Oil Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:IPO Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 69.20 -26.84 7.61
2019-09-30 63.43 -15.84 6.68
2019-06-30 67.85 -16.26 7.52
2019-03-31 68.21 -8.95 7.50
2018-12-31 68.41 -8.60 7.52
2018-09-30 73.07 -7.65 11.09
2018-06-30 65.90 -8.10 10.27
2018-03-31 60.33 -7.32 10.12
2017-12-31 55.97 -7.70 10.18
2017-09-30 49.36 35.32 8.91
2017-06-30 41.53 36.01 8.30
2017-03-31 34.23 23.86 7.64
2016-12-31 25.38 20.02 7.73
2016-09-30 22.68 -25.92 6.42
2016-06-30 23.92 -41.47 6.26
2016-03-31 26.16 -31.36 7.38
2015-12-31 29.57 -30.10 7.63
2014-12-31 14.31 -38.65 5.66
2013-12-31 0.05 -0.31 0.38

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if InPlay Oil has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if InPlay Oil has efficiently used its assets last year compared to the CA Oil and Gas industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if InPlay Oil improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess InPlay Oil's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
InPlay Oil has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is InPlay Oil's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up InPlay Oil's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • InPlay Oil's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • InPlay Oil's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of InPlay Oil's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from InPlay Oil Company Filings, last reported 2 months ago.

TSX:IPO Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 157.61 53.64
2019-09-30 176.41 52.01
2019-06-30 177.45 51.79
2019-03-31 184.88 50.21
2018-12-31 183.59 45.40
2018-09-30 190.61 54.77
2018-06-30 191.96 51.57 0.07
2018-03-31 191.87 45.91 0.80
2017-12-31 190.18 44.89
2017-09-30 187.86 36.91
2017-06-30 189.82 35.20
2017-03-31 188.97 35.79 0.12
2016-12-31 187.38 29.76 0.10
2016-09-30 42.55 59.24
2016-06-30 43.55 57.19
2016-03-31 56.68 57.90
2015-12-31 56.68 57.90
2014-12-31 81.69 39.47 0.27
2013-12-31 1.79 0.00 0.41
  • InPlay Oil's level of debt (34%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (48.4% vs 34% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Information is not available.
  • Unable to confirm if InPlay Oil has at least 1 year of cash runway based on growing free cash flows without relevant data.
X
Financial health checks
We assess InPlay Oil's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. InPlay Oil has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is InPlay Oil's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from InPlay Oil dividends.
If you bought CA$2,000 of InPlay Oil shares you are expected to receive CA$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate InPlay Oil's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate InPlay Oil's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
TSX:IPO Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
Canada Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 37 Stocks 8%
Canada Market Average Dividend Yield Market Cap Weighted Average of 327 Stocks 4.7%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.3%
Canada Bottom 25% Dividend Yield 25th Percentile 2.7%
Canada Top 25% Dividend Yield 75th Percentile 8.5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

TSX:IPO Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
2021-12-31
2020-12-31
2020-03-28

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as InPlay Oil has not reported any payouts.
  • Unable to verify if InPlay Oil's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of InPlay Oil's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as InPlay Oil has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess InPlay Oil's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can InPlay Oil afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. InPlay Oil has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of InPlay Oil's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Doug Bartole
COMPENSATION CA$728,100
AGE 53
TENURE AS CEO 7.3 years
CEO Bio

Mr. Douglas J. Bartole, also known as Doug, P. Eng. serves as Chairman at Inplay Oil Corp. and has been its Chief Executive Officer and President since November 2012. Mr. Bartole served as the President and Chief Executive Officer of Vero Energy Inc., since September 2005 until November 2012. Mr. Bartole served in various positions with True Energy from May 2001 to 2005, which include Vice President of Operations since April 2005. He held various positions with Renaissance Energy Ltd., from 1997 to 2000, which subsequently became part of Husky Oil Ltd. Prior to this he worked with Pan Canadian Petroleum and served in various operational positions with both major and junior oil and gas companies. He has been a Director at Inplay Oil Corp. since November 2012. He has been a Director of Invicta Energy Corp. since April 14, 2010. He served as an Advisory Board Member at RockBridge Resources Inc. until February 1, 2017. He served as a Director of Vero Energy Inc. since September 23, 2005. He served as a Director of New Sage Energy Corp. from May 19, 2008 to October 2011. He served as a Director of Royal Acquisition Corp. Mr. Bartole received a B.Sc. in Engineering from the University of Alberta in 1992 and a diploma in Petroleum Technology from SAIT in 1986.

CEO Compensation
  • Doug's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Doug's remuneration is higher than average for companies of similar size in Canada.
Management Team

Doug Bartole

TITLE
Chairman of the Board
COMPENSATION
CA$728K
AGE
53
TENURE
7.3 yrs

Darren Dittmer

TITLE
Chief Financial Officer
COMPENSATION
CA$462K
AGE
50

Thane A. Jensen

TITLE
Vice President of Operations
COMPENSATION
CA$462K
AGE
53

Kevin Yakiwchuk

TITLE
Vice President of Exploration
COMPENSATION
CA$462K
AGE
48

Mike Sandrelli

TITLE
Corporate Secretary
AGE
50
Board of Directors Tenure

Average tenure and age of the InPlay Oil board of directors in years:

5.8
Average Tenure
51.5
Average Age
  • The tenure for the InPlay Oil board of directors is about average.
Board of Directors

Doug Bartole

TITLE
Chairman of the Board
COMPENSATION
CA$728K
AGE
53

Dennis Nerland

TITLE
Independent Director
COMPENSATION
CA$52K
AGE
66
TENURE
6.7 yrs

Steve Nikiforuk

TITLE
Lead Independent Director
COMPENSATION
CA$52K
AGE
50
TENURE
3.4 yrs

Craig Golinowski

TITLE
Independent Director
COMPENSATION
CA$37K
AGE
39
TENURE
5.8 yrs

Dale Shwed

TITLE
Independent Director
COMPENSATION
CA$44K
AGE
60
TENURE
6.7 yrs

Jackie Bentley

TITLE
Independent Director
AGE
48
TENURE
0.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
21. Jun 19 Sell Sprott Resource Holdings Inc. Company 20. Jun 19 20. Jun 19 -400,000 CA$0.67 CA$-268,200
X
Management checks
We assess InPlay Oil's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. InPlay Oil has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Health Check: How Prudently Does InPlay Oil (TSE:IPO) Use Debt?

Debt and other liabilities become risky for a business when it cannot easily fulfill those obligations, either with free cash flow or by raising capital at an attractive price. … TSX:IPO Historical Debt, August 16th 2019 A Look At InPlay Oil's Liabilities According to the last reported balance sheet, InPlay Oil had liabilities of CA$15.5m due within 12 months, and liabilities of CA$130.5m due beyond 12 months. … For riskier companies like InPlay Oil I always like to keep an eye on the long term profit and revenue trends.

Simply Wall St -

Could The InPlay Oil Corp. (TSE:IPO) Ownership Structure Tell Us Something Useful?

Insider Ownership Of InPlay Oil The definition of company insiders can be subjective, and does vary between jurisdictions. … But other times, private equity is selling out, having taking the company public. … Public Company Ownership Public companies currently own 9.8% of IPO stock.

Simply Wall St -

Those Who Purchased Inplay Oil (TSE:IPO) Shares A Year Ago Have A 20% Loss To Show For It

But in truth the last year hasn't been good for the share price. … Inplay Oil isn't currently profitable, so most analysts would look to revenue growth to get an idea of how fast the underlying business is growing. … When a company doesn't make profits, we'd generally expect to see good revenue growth.

Simply Wall St -

Should You Take Comfort From Insider Transactions At Inplay Oil Corp. (TSE:IPO)?

Inplay Oil Insider Transactions Over The Last Year. … In the last twelve months, the biggest single purchase by an insider was when Chairman of the Board Douglas Bartole bought CA$99k worth of shares at a price of CA$1.80 per share. … Notably Douglas Bartole was also the biggest seller, having sold CA$80k worth of shares

Simply Wall St -

Is Inplay Oil Corp (TSE:IPO) A Financially Sound Company?

Investors are always looking for growth in small-cap stocks like Inplay Oil Corp (TSE:IPO), with a market cap of CA$90m. … However, an important fact which most ignore is: how financially healthy is the business? … in particular ones that run negative earnings,

Simply Wall St -

Why Inplay Oil Corp's (TSE:IPO) Investor Composition Impacts Your Returns

In this article, I will take a quick look at Inplay Oil Corp’s (TSE:IPO) recent ownership structure – an unconventional investing subject, but an important one. … A company's ownership structure is often linked to its share performance in both the long- and short-term. … TSX:IPO Ownership Summary August 22nd 18

Simply Wall St -

Is Inplay Oil Corp's (TSE:IPO) Balance Sheet A Threat To Its Future?

While small-cap stocks, such as Inplay Oil Corp (TSE:IPO) with its market cap of CA$116.76m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn.

Simply Wall St -

Company Info

Description

InPlay Oil Corp. engages in the acquisition, exploration, and development of petroleum and natural gas properties in Canada. The company produces and sells crude oil, natural gas, and natural gas liquids. It primarily holds interests in the Caradium Formation in the Pembina and Willesden Green pools located in West Central Alberta. The company also holds approximately 73% interest in Belly River in 19,598 acres located in Pigeon Lake, Alberta; 99.8% interest in Duvernay in 31,040 acres located in East Basin Duvernay, Alberta; and 52% interest in Red Deer in 94,822 located in Red Deer, Alberta. InPlay Oil Corp. is headquartered in Calgary, Canada.

Details
Name: InPlay Oil Corp.
IPO
Exchange: TSX
Founded:
CA$6,825,661
68,256,616
Website: http://www.inplayoil.com
Address: InPlay Oil Corp.
920, 640 - 5th Avenue SW,
Calgary,
Alberta, T2P 3G4,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX IPO Voting Common Shares The Toronto Stock Exchange CA CAD 08. Nov 2016
OTCPK IPOO.F Voting Common Shares Pink Sheets LLC US USD 08. Nov 2016
Number of employees
Current staff
Staff numbers
26
InPlay Oil employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/28 02:52
End of day share price update: 2020/03/27 00:00
Last estimates confirmation: 2020/03/19
Last earnings filing: 2020/03/18
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.