The Globe and Mail reports in its Friday edition that Canaccord analyst Anthony Petrucci believes InPlay Oil has "more room to run." The Globe's David Leeder writes that Mr. Petrucci continues to rate InPlay "speculative buy." Mr. Petrucci hiked his share target by 20 cents to $1. Analysts on average target the shares at 73 cents. Mr. Petrucci says in a note: "Despite a challenging macro backdrop in 2020, we believe the company has positioned itself for success in 2021. This includes improved financial liquidity, a return to an active drilling program, and forecasted production growth within cash flow. With the release of the company's year-end reserves, our conviction continues to grow. The company grew reserves per share across all categories in 2020 at favourable FD&A costs, aided in part by a small but impactful acquisition in the Pembina area. IPO's capex and production guidance remains unchanged for the year, with forecast spending of $23-million and targeted production of 5,100-5,400 barrels of oil equivalent per day. With the improvement in commodity prices, the company is now forecasting free funds flow this year of $16.5-million, which represents a FCF yield of 42 per cent on the current market cap."