valcont Posted October 19, 2016 Share Posted October 19, 2016 Financing is done at $2.30 and stock still offered at $2.15! I imagine when the deal closes in a few weeks we'll see a string of buy recommendations from all of the dealers involved. Market has already valued this stock at $2.15 so don't expect a rerating based on the merger. There is no arbitrage to be had in this situation.An improved liquidity or bullish oil forecast may change the price. Link to comment Share on other sites More sharing options...
SafetyinNumbers Posted October 20, 2016 Share Posted October 20, 2016 Maybe, but a lot more "traded" at $2.30 with the financing of $70m than has traded in AND stock since the deal was announced. Why would institutional buyers pay more than $2.15 except to get bigger size than the equity market could offer? Link to comment Share on other sites More sharing options...
SafetyinNumbers Posted December 1, 2016 Share Posted December 1, 2016 So we have the higher liquidity post financing close and higher oil prices but the stock is even lower! I think tax loss selling is a big part of this. At $1.90/share last trade for IPO.TO we are trading at about 4.8x EV/DACF with about 1x Debt/DACF so no debt issue causing a higher discount. As far as I know all of the brokers that participated in the equity issue (at $2.30!) still haven't initiated coverage but should in the next few months. The presentation is worth a look. Link to comment Share on other sites More sharing options...
valcont Posted December 1, 2016 Share Posted December 1, 2016 So we have the higher liquidity post financing close and higher oil prices but the stock is even lower! I think tax loss selling is a big part of this. At $1.90/share last trade for IPO.TO we are trading at about 4.8x EV/DACF with about 1x Debt/DACF so no debt issue causing a higher discount. As far as I know all of the brokers that participated in the equity issue (at $2.30!) still haven't initiated coverage but should in the next few months. The presentation is worth a look. What do you mean by "tax loss selling is a big part of this" ? If I remember correctly , this was in restructuring for two years (so the losses must have been triggered then) and they did a conversion of debentures earlier this year at around $1.60(lower price than today so no tax loss event) and a merge at $2.30 recently(loss at current price) . Are you trying to say that they are offsetting the losses with the gains from the debenture conversion ? Otherwise It doesn't make sense to buy at $2.30 and sell lower to generate a loss. Link to comment Share on other sites More sharing options...
SafetyinNumbers Posted December 1, 2016 Share Posted December 1, 2016 I don't believe the conversion of debentures to common triggered a tax loss. There would have been a roll over of the cost base. About 20-25% of the shares outstanding came out of the old Anderson debs which were converted this year. Most of those holders are likely under water so it's a decent chunk of shares outstanding, I think. Even if it's 10%, that's 6.2m shares. Link to comment Share on other sites More sharing options...
valcont Posted December 2, 2016 Share Posted December 2, 2016 I don't believe the conversion of debentures to common triggered a tax loss. There would have been a roll over of the cost base. About 20-25% of the shares outstanding came out of the old Anderson debs which were converted this year. Most of those holders are likely under water so it's a decent chunk of shares outstanding, I think. Even if it's 10%, that's 6.2m shares. Thanks, that makes sense. I am not too familiar with how the debt holders harvest tax loss on a restructured debt. Link to comment Share on other sites More sharing options...
SafetyinNumbers Posted December 2, 2016 Share Posted December 2, 2016 For what it's worth, Sprott, added to their position earlier in the week at $1.90. https://www.canadianinsider.com/company?ticker=IPO Link to comment Share on other sites More sharing options...
SafetyinNumbers Posted December 26, 2016 Share Posted December 26, 2016 Tax loss selling should be done and we should have an update on production and the balance sheet very soon. Hopefully, the company can get to an average type valuation number in short order when trading starts up again on Wednesday. Link to comment Share on other sites More sharing options...
SafetyinNumbers Posted January 4, 2017 Share Posted January 4, 2017 New article on SeekingAlpha http://seekingalpha.com/article/4033932-straws-wind-inplay-oil-corporation?v=1483456142&commenter=1&comments=show Link to comment Share on other sites More sharing options...
SafetyinNumbers Posted January 20, 2017 Share Posted January 20, 2017 Canaccord initiated on IPO.TO / IPOOF today with a BUY rating and a C$3.00 price target. Link to comment Share on other sites More sharing options...
wachtwoord Posted June 6, 2017 Share Posted June 6, 2017 http://boereport.com/2017/05/15/inplay-oil-corp-announces-first-quarter-2017-financial-and-operating-results/ The market does not seem impressed. Link to comment Share on other sites More sharing options...
SafetyinNumbers Posted June 6, 2017 Share Posted June 6, 2017 http://boereport.com/2017/05/15/inplay-oil-corp-announces-first-quarter-2017-financial-and-operating-results/ The market does not seem impressed. It doesn't seem like the market is paying attention. Link to comment Share on other sites More sharing options...
scroogeMcdollar Posted June 8, 2017 Share Posted June 8, 2017 Opened a small position at these levels, this is one company I've been eyeing, I think they are on the right path of growth if oil rebounds. Although I'm hearing concern about western Canada oil in the short term sentiment isn't positive atm. I like these numbers though, I have a feeling IPO will be doing the right thing operating in these conditions. 8) Link to comment Share on other sites More sharing options...
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