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InPlay Oil

IPOOF
42
Oil & Gas Exploration & Production · Energy
Price
$12.82
+0.21 (+1.66%)
Market Cap
$359.0M
Exchange
Other OTC
Winston Score
42
Winston is serious
Mixed quality — meaningful strengths and weaknesses.
Data as of Aug 23, 2026 · filings through Jun 30, 2026
How the score breaks down
Quality
Good
Growth
Mixed
Cash Flow
Weak
Stability
Mixed
Valuation
Data not available
Dividends
Good

Share count falling — buybacks

69.6% over 4y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 80.4M (2021) → 24.4M (2025)

Winston Score History

The full picture

InPlay Oil Corp. is a small Canadian oil and gas company that drills for and produces crude oil and natural gas. It focuses on light oil production in Alberta, Canada, mainly in areas like the Cardium and Willesden Green formations. The company sells its oil and gas to energy marketers and refiners in the Canadian market.

InPlay makes money by selling the oil and natural gas it pumps out of the ground. Revenue depends heavily on commodity prices, which can swing sharply from year to year. The company operates entirely in Alberta, making it a small, geographically concentrated producer with a market cap around $300 million. Its thin operating margin of roughly 5% leaves little cushion when oil prices fall. The main growth driver is drilling new wells to increase production, but the biggest risk is a sustained drop in crude oil prices, which would quickly squeeze cash flow and limit the company's ability to fund future drilling.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+12.3% YoY

YoY Growth Rate

Steady revenue growth

EPS Growth

+783.3% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

C$0/ year

0.0% of revenue

Below sector average (1%)

Research and development spending

Insider Activity

94.0%ownership

Insiders own a meaningful stake in the company

Cash Position

Cash flow positive

C$21M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Company generates more cash than it spends — no dilution risk from fundraising

Growth + cash flow

InPlay Oil is a rare growth stock that's already generating positive cash flow while growing at 12%. The Winston Score doesn't fully credit this transition from "burner" to "earner."

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale
Gross Margin
38.3%
Modest — 38.3% gross margin
Profit after running costs
Operating Margin
30.9%
Excellent — 30.9% operating margin
Return on the money invested
ROCE
6.6%
Weak — 6.6% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

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Growth

Sales growth
Sales YoY
+61.4%
Fast-growing sales (+61.4% YoY)
Profit growth
EPS YoY
N/A
Data not available
How steady the profit is
EPS Consistency
2/8 quarters
Earnings rarely grow — volatile business

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Cash Flow

Profit that turns into cash
Cash Conversion
N/A
Data not available
Spare cash per sale
FCF Margin
7.1%
Modest free cash flow (7.1%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

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Stability

What it owes vs what it owns
Debt / Equity
0.75
Moderate — manageable debt (0.75)
Covers its interest
Interest Cover
1.69x
Dangerous — barely covers interest (1.7x)

Interest coverage between 1 and 3. Profits cover interest, but with little room to spare.

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Valuation

Price vs profit
P/E Ratio (TTM)
N/M
Negative earnings — P/E not meaningful
Cheaper or dearer next year
P/E vs Forward
N/A
not available
Data not available

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Dividends

Dividend
Dividend Yield
7.11%
Healthy income — 7.11% yield

Yield above 6% — often a flag the market is pricing in a cut.

Dividend record
Dividend Growth
-1.0%
Dividend cut (-1.0% YoY) — warning sign

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