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In my last article on InPlay Oil (OTCQX:IPOOF), InPlay Oil: volatile but profitable, I estimated a fair value of $5.29 for the stock. Buying IPOOF at the time of publication of my article would have
Comparing InPlay Oil With Cardinal Energy, And Obsidian Energy
Summary
- 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.
SM Investor focuses on medium to long-term investments, analyzing companies' financial metrics such as cash flow, growth, and valuation. As financial analysts with real market education and experience, we cover diversified portfolios including growth and value equities, and dividend stocks (including REITs and RICs). Our approach involves using diversified value investing strategies to identify profitable companies with strong financials and low risks at bargain prices.SM Investor collaborates with Morteza Moradi, who holds a Master's degree in Economics and has more than 10 years of experience writing data-driven analytical and investing content.
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