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InPlay Oil reports strong 2024 earnings and acquires Pembina Cardium assets, despite falling gas prices.
InPlay Oil Corp., a Canadian oil and gas company, reported strong financial results for 2024 despite a 44% drop in natural gas prices, generating $68.5 million in adjusted funds flow.
The company also announced a significant acquisition of Pembina Cardium assets, which is expected to expand its operational scale and strengthen its financial position.
InPlay's short interest jumped 109.5% in February, with the stock trading at $1.10, offering an 11.57% dividend yield.
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InPlay Oil reporta fuertes ganancias 2024 y adquiere activos de Pembina Cardium, a pesar de la caída de los precios del gas.