Inflation-Crushing InPlay Oil Corp Stock Up 125% Year Over Year
March 26, 2026
IPOOF Stock Pays Monthly
A rising tide lifts all boats. And that’s certainly the case with energy stocks right now.
After a lackluster 2025, energy stocks have been given a big boost due to the war in Iran. Over the last month, the energy sector has been the only one to register gains, climbing 9.4%.
The energy sector is also the top performing sector over the last three months, climbing +34.95%, in the half year (+34.36%), and year to date (+31.69%).
It’s not all doom and gloom for global markets. Stocks surged higher on March 23, after U.S. President Donald Trump said he would postpone Iran strikes while peace talks continued between Washington and Tehran. For its part, Iran has denied that peace talks are occurring and says that “fake news” is being used to manipulate the oil markets. (Source: “Trump says Iran and US both ‘want to make a deal’ and says they’ll talk today,” BBC, March 23, 2026.)
One thing is certain: tensions in the Middle East remain extremely high, and energy stocks will continue to benefit. What happens when tensions subside? Only the better oil and gas stocks will continue to resonate with investors.
One great small-cap, high-dividend-yielding oil and gas exploration and production (E&P) stock that energy bulls should keep a close eye on is InPlay Oil Corp (OTCMKTS:IPOOF).
About InPlay Oil Corporation
InPlay Oil Corp is a Calgary-Alberta-based oil and gas E&P company focused on large oil in place pools with low recovery, low declines, and long-life reserves primarily in the Cardium Formation in Alberta. (Source: “Corporate Presentation, March 2026,” InPlay Oil Corp, last accessed March 23, 2026.)
The Cardium Formation is a prolific oil and gas reservoir that holds the massive Pembina oil field. The field covers more than 900 square miles, ranking it second only to the Ghawar field in Saudi Arabia. According to the most recent data, the Cardium Formation holds about 10.4 billion barrels of oil.
InPlay is actually the largest Cardium oil producer with approximately 18,900 barrels of oil equivalent per day (boe/d) with oil production of more than 9,050 barrels per day (bbl/d).
The company has a short but storied track record of strategic transactions. Over the last decade, it has announced five transactions, which have helped it grow production by 10 times and total proved developed plus probable (PDP) reserves 13.5 times.
Most recently, in April 2025, it closed on the transformational acquisition of Cardium light oil assets in the Pembina area from Obsidian Energy Ltd. for CAD$309.0 million. (Source: “InPlay Oil Corp. Announces Transformative Acquisition of Highly Accretive, Low Decline Pembina Cardium Oil Assets,” InPlay Oil Corp, February 19, 2025.)
The acquisition covers 471,495 gross acres, 100% of which is on government (Crown) land with low royalty burdens. The acquired assets add 138 booked locations that rank within existing InPlay inventory, lifting the company’s drilling inventory to over 400 locations.
Of particular note is that, in 2025, the company also announced that it had strengthened its position with the addition of Delek Group Ltd. as a strategically aligned 32.7% shareholder. (Source: “InPlay Oil Corp. Welcomes Delek Group,” InPlay Oil Corp, August 4, 2025.)
Delek has a strong history in the international energy markets with significant investments in the North Sea (Ithaca Energy plc) and the Mediterranean (NewMed Energy).
2025 Light Oil Production Jumps 131%
InPlay continues to report strong financial results with a transformative 2025, which included the April acquisition of Pembina assets in its core focus area and the addition of Delek Group as a major shareholder. (Source: “InPlay Oil Corp. Announces 2025 Financial, Operating and Reserves Results Highlighted by Light Oil,” InPlay Oil Corp, March 5, 2026.)
In 2025, InPlay achieved annual production of 17,043 boe/d, a 96% increase over 2024. It improved light oil production by 131% to 8,143 bbl/d and 160%. On a quarterly basis, fourth-quarter light oil production jumped 160%.
The company reported strong operating income of $144.1 million, up 75% from 2024. This resulted in operating income profit margin of 49%.
Its adjusted funds flow (AFF) increased 67% on an annual basis to $114.4 million ($4.68 per weighted average basic share), despite a 14% decrease in the price of West Texas Intermediate (WTI) prices.
InPlay fourth-quarter AFF totaled $30.7 million ($1.10 per weighted average basic share), up 64% on an annual basis, even as WTI prices declined 16%. Fourth-quarter AFF also increased 15% over the third quarter of 2025.
The company’s 2025 drilling program and accretive Pembina acquisition results in strong reserve growth, with provided developed producing reserves jumping 179% on an annual basis to 48,002 thousand barrels of oil equivalent (mmboe).
January Dividend of $0.09/Share Declared
Getting a dividend payment quarterly is great, but getting one monthly is better. In 2025, InPlay paid $27.1 million to shareholders. It has paid more than $70.0 million to shareholders since November 2022.
In early March, the company’s board declared a monthly dividend of $0.09 per share, or $1.08 per share on an annual basis, for a current forward dividend yield of six percent. (Source: “InPlay Oil Corp. Confirms Monthly Dividend for March 2026,” InPlay Oil Corp, March 2, 2026.)
IPOOF Stock Crushing S&P 500
Energy stocks have done well in 2026, but IPOOF stock has been doing well since before the war in Iran started. On March 19, IPOOf hit a new 52-week intraday high of $13.66. That’s also its highest trading level since June 2022.
The stock continues to trader near that level at $13.01 per share. That puts IPOOF up:
- 47% year to date
- 50% over the last six months
- 127.5% year over year
Strong gains, but Wall Street sees more growth ahead. Analysts are providing a 12-month share price target range on IPOOF of $14.91 to $17.00 per share. This points to potential upside of approximately 13% to 30%.
Chart courtesy of StockCharts.com
The Lowdown on InPlay Oil Corp
InPlay Oil Corp continues to be a great Canadian energy stock with a significant presence in the Cardium Formation in Alberta. It reported strong 2025 results, which included gains in annual production, operating income, AFF, and reserve growth.
The company has a long history of record production, cash flow, and reserve growth coupled with debt reduction. Over the last 10 years, production has increased 260% and reserves are up 145%, with AFF up 615%.
Thanks to its strong production and balance sheet, InPlay is able to weather commodity volatility and develop its huge inventory of horizontal drilling locations. This also allows it to provide investors with a reliable monthly dividend through various commodity price cycles.
