I3 Energy Share Discussion Threads

[fardels bear] 27/2/2021 13:15

Things go boom for different reasons though, don't they?

[spurs90] 26/2/2021 22:12

1,330,000 buy @ 7.50 £ 99,750 Time 15:08 bid 7.3 offer 7.60 Boom!!

[fandagle] 26/2/2021 11:35

Profit taking this morning?

[neo26] 26/2/2021 11:01

Improve the balance sheet and do something about serenity.We want to limit further dilution..

[basem1] 26/2/2021 09:39

Be great to see the farmout As far as I can see there is no value at all being attributed to the farm out at present

[fandagle] 26/2/2021 09:33

Think Kistos is involved with the farm-out....

[spangle93] 26/2/2021 09:16

Because....?

[neo26] 26/2/2021 09:03

I dont think they should give divi.

[basem1] 26/2/2021 08:56

Just waiting for a few more sellers then I am having a 200k top up

[basem1] 26/2/2021 08:42

Remember this is predominantly gas not oil Lower selling prices But still good for sentiment

[csmwssk12hu] 26/2/2021 00:14

Also behind yesterday with rises, many oil companies rose around 10% yesterday however we only rose around 1%

[csmwssk12hu] 26/2/2021 00:13

Oil price up again, in the last couple of weeks gone from 60-67 per barrel at circa 9000 Barrels per day an extra 7 dollars comes at $20m per year with forescast earnings already at $20m that would give a p/e under 2 imho dyor

[csmwssk12hu] 26/2/2021 00:10

I3 Energy PLC (LON:I3E) is undertaking a bold change of strategy with its acquisition of Gain Energy and Toscana in Canada, according to Mirabaud. Through the deals, i3 Energy is seeking to transform itself into a consolidator of long life/low decline conventional production assets in Canada. These deals will enable it to offer shareholders a dependable and growing stream of dividends. Combined the two companies bring around 12,000 barrels per day equivalent at a cost of US$62m in total. “Talks around these acquisitions started in Q1 2020 and were consummated right at the time global oil prices were in free fall,” said the broker. “As a result, the deal metrics are particularly attractive, with i3 paying less than 2x forward 12-month EBITDA and 0.5x our PV10 [cash value] of the PDP [producing] reserves.” “As well offering tremendous value, the acquired assets are also carbon-neutral, thanks to a stake in the world’s fourth-largest Carbon Capture projects – placing i3 at the cutting edge of the green revolution in the E&P space.”

[jungmana] 25/2/2021 16:07

Serenity Appraisal Drilling Farm-out;Discussions continue with a potential farm-in partner for the Serenity discovery and terms are being negotiated. The recent strength in commodity prices has reinvigorated activity within i3's virtual data room, and additional parties previously contacted during early 2020 have now re-engaged with the Company. The market will be updated if and when an agreement is reached.

[muddyfox0151] 25/2/2021 14:19

Same here be happy 12p , its the kids inheritance ha ! Looking good going forward one step at a time :)

[ziblot] 25/2/2021 14:18

I need 25p to break into profit. I should get my money back when Trans Mountain give us the opportunity to export to India and East Asia. (Xmas 2022 if we are lucky). Beyond that we have LNG Canada but not until 2024/25. I would say Montney is the principle gas field which I expect gas will be pumped from. Toscana is pumping from Montney.

[ziblot] 25/2/2021 14:01

Spurs, some of the language you use, such as "Snide" would indicate you are a juvenile off school. Obviously english is not your strong point. Be a good boy now and stop being a nuisance.

[jungmana] 25/2/2021 13:28

Yes $89m of tax losses; " - Cash flow from the Proposed Assets would benefit from TEIC's US$89 million in accumulated tax pools"

[basem1] 25/2/2021 12:48

I believe it has some tax losses it can utilise too

[rationaleee] 25/2/2021 12:20

Can compare as well with the operating income... Acquisition cost of one times Ebitda is ridiculous.All IMO dyor

[csmwssk12hu] 25/2/2021 10:13

If it’s dual Canadian listing works out as 11p then this is a no brainier nearly 40%

[csmwssk12hu] 25/2/2021 09:34

Why is this not in double digits

[basem1] 25/2/2021 09:25

Usual rise patterns Absorb some selling and up we go Too many buyers to keep this down for long

[jungmana] 25/2/2021 07:26

Tony, for comparison with peer Canadian oil/gas producers see post 1872. Need to 2 bag from this level to catch up on peers. Price closed about 10p in Canada last night, let's see if we can catch them today.