By Adriano Marchese
InPlay Oil intends to launch a share repurchase program to buy back up to 10% of its common shares over the course of the next year.
The Calgary, Alberta-based junior oil and gas company said that the Toronto Stock Exchange has accepted its plan to launch a normal course issuer bid to repurchase 1.8 million shares for cancellation.
InPlay's stock has rallied in 2026, lifted alongside the broader oil-and-gas sector by rising crude prices amid conflict and ongoing regional tensions in the Middle East.
Shares are up 41% since the start of the year, and more than doubled over the last 52 weeks to close on Wednesday at 17.44 Canadian dollars ($12.69).
At Wednesday's closing price, the value of the shares intended for buyback would be worth about C$31.3 million.
The company can begin buying back shares starting on May 25.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
May 21, 2026 07:44 ET (11:44 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
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