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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (38124)	12/19/2017 8:29:56 AM
From: Goose94	Read Replies (1) of 203158

InPlay Oil (IPO-T) takeout target. Beacon Securities analyst Kurt Wilson says InPlay Oil sits in an "enviable position in two of the hottest light oil plays in western Canada." Mr. Wilson believes the company has "sufficient" acreage and infrastructure for "cost-effective growth in production and reserves for several years at least." Mr. Wilson initiated coverage of the stock with a "buy" rating. Mr. Wilson set a share price target for of $2.50, which is two cents lower than the consensus. Mr. Wilson says in a note: "Exposure to the Cardium and East Duvernay should prove very fortuitous for IPO. ... The company is somewhat unique in its ability to offer investors a focus on two of the hottest light oil plays in Western Canada. There are plenty of companies that offer exposure to the Cardium, but few (mainly privates) offer the exposure to the east basin Duvernay that InPlay does, and no others that are focused exclusively on both. This focus on premium assets makes InPlay a possible acquisition target."

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