Get Paid Monthly With InPlay Oil Corp.
The energy sector is still the place to be in 2026, with West Texas Intermediate trading hands at almost $98 per barrel. That puts the price of WTIC up approximately 70% in 2026 and 66% on an annual basis.
Not to be outdone, Brent Crude, which is the global benchmark, is trading at $106 per barrel, putting it up 74% year over year and 70% on an annual basis. This isn’t entirely surprising, a war in Iran and instability in the Middle East will do that.
And despite claims of progress out of Washington, D.C., it doesn’t appear as though there will be a truce any time soon. While we don’t really know what this uncertainty will do to oil prices longer term, what we do know, is that the war in the Middle East further illustrates the need to source crude oil from both domestic and reliable, safe international players.
One small cap, high dividend yielding oil & gas exploration and production (E&P) stock that energy bulls should put on their radar is InPlay Oil Corp. (OTCQX:IPOOF).
About InPlay Oil Corp.
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, August 2026,” InPlay Oil Corp, last accessed October 15, 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 20,100 barrels of oil equivalent per day (boe/d) with oil production of more than 10,500 barrels per day (bbl/d).
The company has a short, but storied track record of strategic transactions. Over the last decade it has announced six strategic transactions which have helped it grow production 11 times and total proved plus probable (TPP) reserves 14.5 times.
Of particular note, in 2025 the company also announced that it 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).
Another Strong Quarter
InPlay continues to report strong financial results. In the second quarter ended June 30, the company announced that revenue increased 35% on an annual basis to $124.1 million. All figures are in Canadian dollars. (Source: “InPlay Oil Corp. Announces Second Quarter 2026 Financial and Operating Results ,” InPlay Oil Corp., August 13, 2026.)
Second quarter light oil production increased six percent on a monthly basis to 9,382 bbl/d.
It achieved strong operating income of $68.4 million, which was up 50% on a quarterly basis. This resulted in operating income profit margin of 55%. Adjusted funds flow (AFF) advanced 48% on a quarterly basis to a record $44.7 million, or $1.61 per share. Free adjusted cash flow (FAAF) came in at $28.4 million.
Subsequnet to the end of the second quarter, InPlay announced:
- On August 5, 2026 it entered into a definitive agreement to acquire a private oil and gas producer for cash consideration of $54.25 million. This will add 1,400 boe/d of production and 50 additional net drilling sites in its core Pembina area.
- On July 24, it renewed its Senior Credit Facility, which consists of a $140 million revolving credit line and $50 million of operating line of credit. The borrowing base was also expanded by $60 million, for a total borrowing base of $250 million.
Looking ahead, InPlay increased its 2026 average annual production guidance to 18,900 boe/d – 19,400 boe/d(1). It also increased 2026 AFF by 12% to $165 million (mid-point) from $147 million (mid-point), with no change to commodity price assumptions.
This is expected to increase FAFF by 9% from a mid-point of $77 million to a mid-point of $84 million. This equates to a FAFF yield of 20% (mid-point).
Confirms Monthly Dividend of $0.09/Share
During the second quarter InPlay returned $7.6 million to shareholders through its monthly dividends. For the month of October it declared a quarterly dividend of $0.09 per share, or $1.08 on an annual basis, for a forward dividend yield of 5.75%. (Source: “InPlay Oil Corp. Confirms Monthly Dividend for October 2026,” InPlay Oil Corp., October 1, 2026.)
Since November 2022, InPlay has returned $82 million ($4.14/share) to shareholders through dividends.
IPOOF Stock Up 58% in 2026
A reliable monthly dividend is great, but its even better when the high yielding payout is attached to a stock that’s doing well. As of this October 15 writing, IPOOF stock at crushing the broader market and hit a new 52-week high of $13.69 on October 15.
Trading at its highest level since 2022, IPOOF stock is trading up:
- 30% over the last three months
- 58% year to date
- 71% on an annual basis
Despite the big, market crushing gains, IPOOF stock still has plenty of room to run, with analyst’s calling for IPOOF stock to hit fresh highs over the coming quarters.
Analyst’s have provided a 12-month share price target range of $18.33 to $22.50. This points to potential upside of approximately 35% to 65%.
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 with that momentum carrying into 2026.
The company has a long history of strong production, cash flow, and reserve growth coupled with debt reduction. Over the last 10-years, production has increased 10%-14% on a compound annual growth rate (CAGR). Over the same time frame, reserves are up 11% CAGR per share, while AFF is up 25% CAGR per share.
Thanks to its strong production and 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.
For information and education only; not investment, tax or legal advice. Yields and prices are as of the publication date.
