Latest news with #DougBartole
Cision Canada
01-05-2025
- Business
- Cision Canada
InPlay Oil Corp. Confirms Monthly Dividend for May 2025
CALGARY, AB , May 1, 2025 /CNW/ - InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) ("InPlay" or the "Company") is pleased to confirm that its Board of Directors has declared a monthly cash dividend of $0.09 per common share payable on May 30, 2025 , to shareholders of record at the close of business on May 15 , 2025. The dividend amount of $0.09 per common share reflects our previous $0.015 dividend per common share adjusted for the six to one share consolidation announced April 11, 2025 . The monthly cash dividend is expected to be designated as an "eligible dividend" for Canadian federal and provincial income tax purposes. About InPlay Oil Corp. InPlay is a junior oil and gas exploration and production company with operations in Alberta focused on light oil production. The company operates long-lived, low-decline properties with drilling development and enhanced oil recovery potential as well as undeveloped lands with exploration possibilities. The common shares of InPlay trade on the Toronto Stock Exchange under the symbol IPO and the OTCQX Exchange under the symbol IPOOF. SOURCE InPlay Oil Corp. For further information please contact: Doug Bartole, President and Chief Executive Officer, InPlay Oil Corp., Telephone: (587) 955-0632; Darren Dittmer, Chief Financial Officer, InPlay Oil Corp., Telephone: (587) 955-0634,
Reuters
08-04-2025
- Business
- Reuters
Canadian oil and gas CEOs avoiding 'rash' decisions during price rout
TORONTO, April 8 (Reuters) - The CEOs of two Canadian oil and gas producers said on Tuesday they are seeking to avoid making rash decisions, as global oil prices hover around four-year lows and recession fears grow. Doug Bartole, CEO of Calgary-based InPlay Oil ( opens new tab, said his company does not foresee reducing production or capital spending in the short term, despite the recent tariff-related fall in oil prices. The Reuters Power Up newsletter provides everything you need to know about the global energy industry. Sign up here. "Don't make any rash decisions. Let's take a longer view of things and see where it all settles out," Bartole said in an interview in Toronto. But he said that could change if oil continues its slide. "I think $50 oil would change things a bit more, obviously," Bartole said. "We can easily pull back capital. We're a small company, we're nimble. We make decisions quick." Brent futures and West Texas Intermediate crude futures have slumped since U.S. President Donald Trump's April 2 announcement of broad tariffs. Oil prices steadied on Tuesday as a recovery in equity markets was outweighed by recession fears exacerbated by trade conflict between the United States and China, the world's two biggest economies. Brent futures were up 33 cents, or 0.5%, at $64.54 a barrel at 1400 GMT. WTI crude futures rose 41 cents, or 0.7%, to $61.11. Chris Carlsen, CEO of Canadian natural gas producer Birchcliff Energy ( opens new tab, said the sector is concerned about the potential for a global recession, though he said many Canadian companies are well-positioned to handle a $60 oil price environment. He said the slide in oil prices could benefit natural gas producers in the long term if it leads to an overall reduction in North American drilling. "When they're drilling less oil, there's less associated gas with that, which means we could be short on the natural gas production side," Carlsen said.
