With the Potential for $100 Oil, Pay Close Attention to These Stocks February 02, 2022 - Baystreet.ca Oil prices could hit $90 a barrel again soon. By summer, it could be closer to $100, possibly even $117, according to Bank of America. That’s all thanks to tighter oil supply, stronger demand, geopolitical instability, and OPEC. “The oil market is heading for simultaneously low inventories, low spare capacity and still low investment,” Morgan Stanley analysts wrote in a research note, lifting their price forecast for the summer quarter by $10 a barrel, to $100 for Brent and $97.50 for West Texas Intermediate,” as noted by The Wall Street Journal. With oil prices pushing higher, investors may want to keep an eye on InPlay Oil Corp. (TSX:IPO)(OTCQX:IPOOF), NuVista Energy Ltd. (TSX:NVA)(OTC:NUVSF), Oasis Petroleum Inc. (NASDAQ:OAS), Exxon Mobil Corp. (NYSE:XOM), and Chevron Corporation (NYSE:CVX). Look at InPlay Oil Corp. (TSX:IPO)(OTCQX:IPOOF), For Example InPlay Oil Corp. a junior oil and gas exploration and production company with operations in Alberta focused on light oil production, today announced that President and CEO Doug Bartole will present live at VirtualInvestorConferences.com on February 3, 2022. DATE: February 3, 2022 TIME: 12:30 PM EST LINK: https://bit.ly/3Fpq8Mn This will be a live, interactive online event where investors are invited to ask the company questions in real-time. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event. It is recommended that investors pre-register and run the online system check to expedite participation and receive event updates. Learn more about the event at www.virtualinvestorconferences.com. Recent Company Highlights- January 24, 2022 - InPlay Oil Corp. Named to 2022 OTCQX Best 50- January 12, 2022 - InPlay Oil Corp. Announces 2022 Capital Budget Highlighting Record Financial and Operational Guidance- November 30, 2021 – InPlay Oil Corp. Announces Completion of Accretive Strategic Cardium Combination- November 10, 2021 - InPlay Oil Corp. Announces Third Quarter 2021 Results Highlighted by Record Quarterly Production and Financial Results Other related developments from around the markets include: NuVista Energy Ltd. announced a number of updates which demonstrate continued successful advancement of our Pipestone and Wapiti Montney play development. “We are very pleased to report that in the fourth quarter of 2021 NuVista achieved record production with the continued startup of new production from multi-well pads in Pipestone North and Elmworth, reaching a quarterly average of just over 60,000 Boe/d based on field estimates. This represents a production increase of 18% and 22% compared to the prior quarter and the fourth quarter of 2020, respectively, and is well above our fourth quarter guidance range of 56,000 – 58,000 Boe/d. Additionally, production for the fourth quarter consisted of approximately 35% condensate, 10% NGLs, and 55% natural gas.” Oasis Petroleum Inc. announced the closing of the previously announced merger between Oasis Midstream Partners LP and Crestwood Equity Partners LP. On December 20, 2021, Oasis filed pro forma financials, which illustrate the combined impacts of Oasis' 2021 upstream acquisitions and divestitures as well as the OMP-Crestwood Merger. Concurrent with the closing of the OMP-Crestwood Merger, Oasis directors N. John Lancaster Jr. and John Jacobi were appointed to Crestwood's Board of Directors. Both Messrs. Lancaster and Jacobi will continue to serve on Oasis' Board of Directors. Exxon Mobil Corp. announced fourth-quarter 2021 earnings of $8.9 billion, or $2.08 per share assuming dilution, resulting in full-year earnings of $23 billion, or $5.39 per share assuming dilution. Capital and exploration expenditures were $5.8 billion in the fourth quarter and $16.6 billion for the full year 2021, in line with guidance. “Our effective pandemic response, focused investments during the down-cycle, and structural cost savings positioned us to realize the full benefits of the market recovery in 2021,” said Darren Woods, chairman and chief executive officer. “Our new streamlined business structure is another example of the actions we are taking to further strengthen our competitive advantages and grow shareholder value. We've made great progress in 2021 and our forward plans position us to lead in cash flow and earnings growth, operating performance, and the energy transition.” Chevron Corporation reported earnings of $5.1 billion ($2.63 per share - diluted) for fourth quarter 2021, compared with a loss of $665 million ($(0.33) per share - diluted) in fourth quarter 2020. Included in the current quarter were asset sale gains of $520 million, losses on the early retirement of debt of $260 million and pension settlement costs of $82 million. Foreign currency effects decreased earnings by $40 million. Adjusted earnings of $4.9 billion ($2.56 per share - diluted) in fourth quarter 2021 compares to adjusted earnings of $298 million ($0.16 per share - diluted) in fourth quarter 2020.Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Winning Media is only compensated for its services in the form of cash-based compensation. Pursuant to an agreement Winning Media has been paid three thousand five hundred dollars for advertising and marketing services for InPlay Oil Corp. by InPlay Oil Corp. We own ZERO shares of InPlay Oil Corp. Please click here for full disclaimer.Contact Information:2818047972ty@LifeWaterMedia.com
With the Potential for $100 Oil, Pay Close Attention to These Stocks February 02, 2022 - Baystreet.ca Oil prices could hit $90 a barrel again soon. By summer, it could be closer to $100, possibly even $117, according to Bank of America. That’s all thanks to tighter oil supply, stronger demand, geopolitical instability, and OPEC. “The oil market is heading for simultaneously low inventories, low spare capacity and still low investment,” Morgan Stanley analysts wrote in a research note, lifting their price forecast for the summer quarter by $10 a barrel, to $100 for Brent and $97.50 for West Texas Intermediate,” as noted by The Wall Street Journal. With oil prices pushing higher, investors may want to keep an eye on InPlay Oil Corp. (TSX:IPO)(OTCQX:IPOOF), NuVista Energy Ltd. (TSX:NVA)(OTC:NUVSF), Oasis Petroleum Inc. (NASDAQ:OAS), Exxon Mobil Corp. (NYSE:XOM), and Chevron Corporation (NYSE:CVX). Look at InPlay Oil Corp. (TSX:IPO)(OTCQX:IPOOF), For Example InPlay Oil Corp. a junior oil and gas exploration and production company with operations in Alberta focused on light oil production, today announced that President and CEO Doug Bartole will present live at VirtualInvestorConferences.com on February 3, 2022. DATE: February 3, 2022 TIME: 12:30 PM EST LINK: https://bit.ly/3Fpq8Mn This will be a live, interactive online event where investors are invited to ask the company questions in real-time. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event. It is recommended that investors pre-register and run the online system check to expedite participation and receive event updates. Learn more about the event at www.virtualinvestorconferences.com. Recent Company Highlights- January 24, 2022 - InPlay Oil Corp. Named to 2022 OTCQX Best 50- January 12, 2022 - InPlay Oil Corp. Announces 2022 Capital Budget Highlighting Record Financial and Operational Guidance- November 30, 2021 – InPlay Oil Corp. Announces Completion of Accretive Strategic Cardium Combination- November 10, 2021 - InPlay Oil Corp. Announces Third Quarter 2021 Results Highlighted by Record Quarterly Production and Financial Results Other related developments from around the markets include: NuVista Energy Ltd. announced a number of updates which demonstrate continued successful advancement of our Pipestone and Wapiti Montney play development. “We are very pleased to report that in the fourth quarter of 2021 NuVista achieved record production with the continued startup of new production from multi-well pads in Pipestone North and Elmworth, reaching a quarterly average of just over 60,000 Boe/d based on field estimates. This represents a production increase of 18% and 22% compared to the prior quarter and the fourth quarter of 2020, respectively, and is well above our fourth quarter guidance range of 56,000 – 58,000 Boe/d. Additionally, production for the fourth quarter consisted of approximately 35% condensate, 10% NGLs, and 55% natural gas.” Oasis Petroleum Inc. announced the closing of the previously announced merger between Oasis Midstream Partners LP and Crestwood Equity Partners LP. On December 20, 2021, Oasis filed pro forma financials, which illustrate the combined impacts of Oasis' 2021 upstream acquisitions and divestitures as well as the OMP-Crestwood Merger. Concurrent with the closing of the OMP-Crestwood Merger, Oasis directors N. John Lancaster Jr. and John Jacobi were appointed to Crestwood's Board of Directors. Both Messrs. Lancaster and Jacobi will continue to serve on Oasis' Board of Directors. Exxon Mobil Corp. announced fourth-quarter 2021 earnings of $8.9 billion, or $2.08 per share assuming dilution, resulting in full-year earnings of $23 billion, or $5.39 per share assuming dilution. Capital and exploration expenditures were $5.8 billion in the fourth quarter and $16.6 billion for the full year 2021, in line with guidance. “Our effective pandemic response, focused investments during the down-cycle, and structural cost savings positioned us to realize the full benefits of the market recovery in 2021,” said Darren Woods, chairman and chief executive officer. “Our new streamlined business structure is another example of the actions we are taking to further strengthen our competitive advantages and grow shareholder value. We've made great progress in 2021 and our forward plans position us to lead in cash flow and earnings growth, operating performance, and the energy transition.” Chevron Corporation reported earnings of $5.1 billion ($2.63 per share - diluted) for fourth quarter 2021, compared with a loss of $665 million ($(0.33) per share - diluted) in fourth quarter 2020. Included in the current quarter were asset sale gains of $520 million, losses on the early retirement of debt of $260 million and pension settlement costs of $82 million. Foreign currency effects decreased earnings by $40 million. Adjusted earnings of $4.9 billion ($2.56 per share - diluted) in fourth quarter 2021 compares to adjusted earnings of $298 million ($0.16 per share - diluted) in fourth quarter 2020.Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Winning Media is only compensated for its services in the form of cash-based compensation. Pursuant to an agreement Winning Media has been paid three thousand five hundred dollars for advertising and marketing services for InPlay Oil Corp. by InPlay Oil Corp. We own ZERO shares of InPlay Oil Corp. Please click here for full disclaimer.Contact Information:2818047972ty@LifeWaterMedia.com