InPlay Oil Corp: Shares of 9%- Yielder Up 47% Year Over Year
January 26, 2026
Get Paid Monthly From InPlay Oil Corp?
As many people are probably aware by now, Venezuela is home to world’s largest proven oil reserves, at 299.5 billion barrels. Saudi Arabia is second at 266.5 billion barrels. Third place goes to our neighbors to the North. (Source: “Oil Reserves By Country,” worldometer, last accessed January 9, 2026.)
Canada is home to approximately 171 billion barrels of oil, or 10.3% of the global share. For comparison’s sake, the U.S. has total proven reserves of 35 billion barrels, or 2.1% of the global total.
Most of Canada’s oil is found in the province of Alberta. But, because the province is landlocked and has difficulty getting pipelines built to any of the three coasts, it exports upwards of 90% of all crude to the U.S. Canada is also responsible for half of U.S. oil imports, supplying four million barrels per day. (Source: “Trump’s Canada oil tariff speaks of US vulnerability,” Reuters, March 6, 2025.)
A large number of U.S. refineries are designed to deal specifically with the heavy crude oil that comes from Canada. As a result, these refineries cannot easily replace Canadian oil and gas. This is one reason why President Donald Trump only slapped Canadian energy with a 10% duty. The lower tariff on Canadian oil and gas is an indication of just how intertwined the two countries’ energy needs are.
Most Canadian oil and gas is shipped to the U.S. through pipelines from Alberta. The oil and gas is sent to refiners in the U.S. Midwest, which rely on Canadian crude for approximately 70% of their supplies.
One small-cap, high-dividend-yielding Canadian oil & gas exploration and production (E&P) stock that has been doing well of late is InPlay Oil Corp (OTCMKTS:IPOOF/TSE:IPO).
About InPlay Oil Corp
InPlay Oil Corp is a Calgary-Alberta-based oil and gas E&P company focused on developing oil and natural gas assets with low recovery, low declines, and long-life reserves primarily in the Cardium and Belly River formations in Alberta. (Source: “Corporate Presentation, August 2025,” InPlay Oil Corp, last accessed January 9, 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. In April, it strengthened its position with the CAD$309.0-million acquisition of oil assets from Obsidian Energy Ltd. (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% 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.
Q3 2025 Production Jumps 131%
InPlay continues to report strong financial results. In the third quarter ended September 30, 2025, the company announced that revenue increased 132% to $79.4 million. All figures are in Canadian dollars. (Source: “InPlay Oil Corp. Announces Third Quarter 2025 Financial and Operating Results, Increased 2025,” InPlay Oil Corp, November 20, 2025.)
Adjusted cash flow advanced 104% to $26.8 million. This comes despite a 14% decrease in West Texas Intermediate prices. Operating income jumped 112% to $34.7 million.
During the quarter, total production increased 131% to 18,970 barrel of oil equivalent per day (boe/d).
Thanks to the strong growth, InPlay increased its 2025 average annual production guidance to 16,900–17,100 boe/d, up four percent from the midpoint of the previous guidance range of 16,000–16,800 boe/d.
In light of a volatile oil and gas market, the company implemented a comprehensive hedging program to mitigate against downside risk.
Declares January Dividend of $0.09/Share
During the third quarter, InPlay returned $7.5 million to shareholders through its monthly dividends. Since November 2022, it has paid out $60.0 million in dividends to shareholders.
On January 15, the company paid out a monthly dividend of $0.09 per share, or $1.08 per share on an annual basis, for a forward dividend yield of nine percent. (Source: “InPlay Oil Corp. Confirms Monthly Dividend for January 2026,” InPlay Oil Corp, January 2, 2026.)
IPOOF Stock Has 43% Upside Potential
A reliable monthly dividend is great, but it’s even better when the high-yielding payout is attached to a stock that’s doing well. As of this January 9 writing, IPOOF stock is up almost 47% on an annual basis.
That’s total returns, and includes reinvesting dividends. That number drops to 23% if an investor were to take those monthly dividends in cash.
Better times are ahead, at least according to Wall Street, with analysts providing a 12-month share price target range of $11.91 to $13.00 per share. This points to potential upside of 34% to 43%.
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 recently completed a blockbuster acquisition that will see it increase its drilling inventory to over 400 location and juice its 2025 production by more than 110%.
Thanks to its strong balance sheet, it 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.
