RY 174.39 2.4016% SHOP 149.115 2.5974% TD-PFM 24.63 -0.0811% TD-PFL 24.7 0.2028% TD 78.325 0.1214% ENB 60.6 1.3039% BN 80.4 1.9787% TRI 226.27 0.7525% CNQ 48.285 2.2771% CP 104.53 1.6038% CNR 151.74 1.5459% BMO 132.69 0.9203% BNS 78.845 0.1715% CSU 4600.2002 2.157% CM 91.15 0.474% MFC 45.79 1.6878% ATD 78.38 1.5285% NGT 60.14 0.0499% TRP 70.15 1.977% SU 57.44 0.5954%
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InPlay Oil Corp. eyes higher revenue in H2FY23 as crude prices jump
Image source: © Fyksia92 | Megapixl.com
Highlights
Based in Calgary, Alberta, InPlay Oil Corp. (TSX: IPO) is an oil development and production company. The company focuses on acquisition, exploration, and development of petroleum and natural gas properties. It also produces and sales crude oil, natural gas, and natural gas liquids.
The company’s net debt decreased by approximately 9% to CAD 41.8 million, as of June 30, 2023, down from CAD 46.2 million in Q1 2023. IPO ended the second quarter with a net debt to EBITDA leverage ratio of 0.4x, versus 0.5x in the previous corresponding period.
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