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I3E I3 Energy Plc

12.90
0.72 (5.91%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
I3 Energy Plc LSE:I3E London Ordinary Share GB00BDHXPJ60 ORD 0.01P
  Price Change % Change Share Price Shares Traded Last Trade
  0.72 5.91% 12.90 2,582,073 16:35:08
Bid Price Offer Price High Price Low Price Open Price
12.86 12.98 12.86 12.26 12.48
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Crude Petroleum & Natural Gs 208.44M 41.95M 0.0349 3.68 154.56M
Last Trade Time Trade Type Trade Size Trade Price Currency
18:06:32 O 17,481 12.90 GBX

I3 Energy (I3E) Latest News

I3 Energy (I3E) Discussions and Chat

I3 Energy Forums and Chat

Date Time Title Posts
20/4/202411:30I 3 Energy35,997
19/4/202412:40I3 Energy - Growing production and Dividends with Exploration upside.3,817
06/3/202413:45Buyout28
16/2/202409:52Divi32
03/10/202317:28Time to Buy-

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I3 Energy (I3E) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-04-19 17:06:4312.9017,4812,255.05O
2024-04-19 16:34:2412.48131,45016,408.90O
2024-04-19 16:30:5312.384,679579.40O
2024-04-19 16:19:2112.7210,2211,299.80O
2024-04-19 15:35:0812.907,710994.59UT

I3 Energy (I3E) Top Chat Posts

Top Posts
Posted at 20/4/2024 09:20 by I3 Energy Daily Update
I3 Energy Plc is listed in the Crude Petroleum & Natural Gs sector of the London Stock Exchange with ticker I3E. The last closing price for I3 Energy was 12.18p.
I3 Energy currently has 1,201,874,464 shares in issue. The market capitalisation of I3 Energy is £154,561,056.
I3 Energy has a price to earnings ratio (PE ratio) of 3.68.
This morning I3E shares opened at 12.48p
Posted at 20/4/2024 11:30 by pretax2
Thanks for the valuation Tony. Useful to know if there were a TO bid I suppose. Otherwise fairly useless.
As an investor, what has value to me is the share price not the company valuation.
If the share price reflected the value of the company I might be interested, but I’d say it’s wildly unrepresentative.
I’m with the guy who constantly writes 30p (Kirby something). Not because he does this, but that’s where I believe the share price will be in January 2025. No slide rule or metics, gut feeling based on my take of sentiment towards the company and its track record of delivering a wild and frothy ride.
Go ahead and tell me that’s a crazy share price, but ‘crazy’ is what LSE AIM serves up.
Posted at 19/4/2024 09:16 by roundtheworld
Tony

Your calculations confuse theory and hope with reality. You could make the same mistake with most companies. Barclays for example should trade at 3 times it’s current share price based on fundamentals.

The good news this morning is that the latest air strikes by Israel into Iran seem like a few token fire works and Netanyahu is at last showing some restraint. Let’s hope this is the start of more peaceful times particularly in Gaza. Oil should now also come down in price which will help us all at the petrol pumps and offset some of the pain you’ll feel with a retrace in share price here.

For those who say I’m all doom and gloom…it just isn’t so.
Posted at 18/4/2024 08:44 by rockyride
Genesis - I like quite a lot of your post 13 hours ago but re the move from AIM to main market, I have a few questions:-1 what do you see the pros and cons of doing this to be for i3E?2 do you know the latest 3 O&G companies who've do this?Things are looking a it perkier here now but AECO still remains a concern of mine. Having said that, I've been adding in mine and the Mrs long term ISAs (the ones we build dividend payments from) and rarely sell from these accounts. In fact most of the holdings in them are in FTSE350 companies, so i3E are privileged to be in there with them.For completeness and being transparent, I have been adding in our LT ISAs for the following 3 main points1 I see POO remaining relatively high for the foreseeable future, mainly due to lack of CAPEX spend and embedded supply / demand issues.2 China economy seems to be waking up even given their property issues3 I see the supply demand issues of hydrocarbons flowing through to gas within the next 6 to 24 months and then remaining strong4 I see i3E having better chances of acquiring production now that they are significantly re-structuring their finances5 I also see them organically growing their own production which I've not seen possible until recently 6 Great to see the reduction of debt and interest payments7 I now see this as a company that could grow share price and distributions of the medium to long term8 Im not buying for a dividend increase or buy back program increase as none of us can forecast those.All in all a far better proposition and am now a LTH - GLA
Posted at 29/3/2024 12:01 by tournesol
PS - for clarification, I'm not a chartist but I do look at share price chart for each of my holdings to provide an instant update on what's happening every day.

I find that overlaying moving averages onto the share price helps me to focus on the trend rather than the random daily movement. In effect the daily price chart is a bit of a random walk whilst the MA shows the overall direction of travel.

I find it useful to consider some combination of MA20, MA50 and MA200, not as mystic signs and symbols ordained by a chartist cult, but simply as a way of looking below the ripples on the surface.
Posted at 22/3/2024 07:12 by goodday1
They very much look like a very respectable buys, mate.We had the same situation last time when the share price did not move despite all the buys.We were averaging up continuously & then the share price kept going up & we kept buying.As they say, the rest is history.The millions we bought at that placing & then buying off the market as the share price dipped below the placing price, still today helped our overall average to be in profit.Good morning all.See you next week & enjoy the silence of the Lamb.Gl all
Posted at 06/3/2024 07:26 by tonynorstrom1
Here’s an interesting Company to Compare i3e with: Pine Cliff Energy (lots of interesting info on Gas / Gas Outlook in their presentation)

[...]



Key Take Aways:

Similar production to i3e at around 21,000 boepd, however 80% Gas
Low-cost producer – SG&A less than 50% 0f i3e’s, Opex around 15-20% less
Significantly lower revenues than i3e
Low declines – less than 10% v i3e at around 15%
Debt similar at around CAD 55m
Highly regarded Management
Market cap double that of i3e
Reserves of less than 50% of i3e’s both on a boe basis and NPV10.
March dividend CAD 0.005 = 5.5% running yield
Lower Capex requirement due to business model/low decline rates
Significantly higher (30-40%) long term decommissioning liabilities than i3e

Conclusions

I cannot understand why Pine Cliffs market cap sits at twice that of i3e – the numbers tell me that we should be rated no lower and perhaps at a premium to Pine Cliff. Whilst Pine Cliff have certain advantages such as lower costs (opex, capex & SG&A) – these are more than offset by i3e’s higher revenues, higher reserves and lower ARO’s - not to mention i3e’s higher dividend (which they can afford to pay - just). The only reason I can come up with is that perhaps their Management is rated higher by Investors. They also have their primary listing in Canada – should that make such a big difference??

All in my opinion - DYOR !
Posted at 01/3/2024 17:19 by fandagle
the Queen Bee has asked me to apologise to everyone on the forum, so here goes. Gooday, Im sorry you were caught molesting livestock. Tony, im sorry you can't turn I3E share price into a multi bagger no matter how hard you try! Xongo, im sorry you have an IQ of below 20. Genesis, Im really sorry you lost your personality and are just a baldy, fat, speccy little beast of a man! Happy Ides of March
Posted at 26/2/2024 11:15 by ashkv
Share Price: 9.25
I3E Current Share Price vs 52 Week low of 8.25p on 7 Feb 24: 12.12%
I3E Current Share Price vs 52 Week High of 21.45p on 6 Mar 23: -56.88%
Brent Price: $81.50
AECO Gas Price ($CAD): 1.69
Shares Outstanding : 1,201,874,464
Market Cap (GBP) : £111,173,388
GBPUSD : 1.265
CADUSD: 0.74
Market Cap (USD) : $140,634,336
Net Debt (USD) Q4 Update: $23,000,000
Q4 2023 Average Production : 20,413
1W Feb 2024 Average Production Boepd : 20,042
Actual 2023 Average Production: 20,711
Decommissioning Provisions HY 2023 Results): $107,483,255
ENTERPRISE VALUE (EV = Market Cap + Debt - Cash) (USD) : $163,634,336
EV/Barrel (Q4 2023 Prod) : $8,016
EV/Barrel (1Wk Feb 2024 Avg Production Boepd) : $8,165
EV/Barrel (2023 Actual Avg Production) : $7,901
EV/Barrel (Actual 2023 Avg Production Incl Decommissioning Costs) : $13,091
2P Resources 31 Dec 22 (2021 YE 154mmboe): 181.5mmboe
Enterprise Value Per Barrel / 2P Resources: $0.90
2024 Annualized Dividend Yield: 11.09%
2023 Dividend Yield : 13.80%
Posted at 26/2/2024 09:25 by goodday1
Always reference your findings!hTTps://x.com/zakstraderscafe/status/1762034800745955693?s=46&t=wfsOgfWHdwyExVA_MX6XYQi3 Energy (I3E), an independent oil and gas company, announced the following Q4 2023 operational and financial update. 2023 annual average production of 20,711 barrels of oil equivalent per day, which represents record annual corporate production and is at the high end of the Company's 2023 guidance range of 20,000 – 21,000 boepd. I3E said the fourth quarter of 2023 rounded off a highly successful annual capital programme for the Company, with a dozen wells drilled. It was very pleased that this programme, combined with its robust, low decline, asset base and a razor-sharp focus on operational efficiency, delivered very strong financial performance, and ensured that the company met its production and net operating income guidance for the year.Comment: The stock market is still littered with small caps where there is a massive disconnect between what is going on operationally and the share price. But even within this context 9p a share looks miserly for I3E, especially as the company reminds us that its run rate is over 20,000 barrels a day.Gl all
Posted at 23/2/2024 15:35 by ashkv
What is up with I3E - appears way too low!!!

Share Price: 8.67
I3E Current Share Price vs 52 Week low of 8.25p on 7 Feb 24: 5.09%
I3E Current Share Price vs 52 Week High of 21.45p on 6 Mar 23: -59.58%
Brent Price: $81.75
AECO Gas Price (Canadian Dollar): 1.75
Shares Outstanding : 1,201,874,464
Market Cap (GBP) : £104,202,516
GBPUSD : 1.265
CADUSD: 0.74
Market Cap (USD) : $131,816,183
Debt (USD) 30 Sep 23: $49,335,800
Cash (USD) 30 Sep 23: (No Q3 Update) $21,775,800
Net Debt (USD) Q3 Update: $27,560,000
Q3 2023 Average Production : 21,156
SEP 2023 Average Production Boepd : 21,380
Guidance 2023 (Updated 29 June 23): 20,500
Decommissioning Provisions HY 2023 Results): $107,483,255
ENTERPRISE VALUE (EV = Market Cap + Debt - Cash) (USD) : $159,376,183
EV/Barrel (Q3 2023 Prod) : $7,533
EV/Barrel (SEP 2023 Average Production Boepd) : $7,454
EV/Barrel (2023 Mid-Guidance) : $7,774
EV/Barrel (Mid Guidance + Decommissioning Costs) : $13,018
2P Resources 31 Dec 22 (2021 YE 154mmboe): 181.5mmboe
Enterprise Value Per Barrel / 2P Resources: $0.88
2023 Present Dividend Yield : 11.83%
I3 Energy share price data is direct from the London Stock Exchange

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