I3 Energy Share Discussion Threads

[showme01] 06/7/2018 10:54

It is still very undervalued compared to others on AIM. Look at UKOG for example

[ducati2345] 06/7/2018 10:38

Oh I dont know I think you may be bit optimistic with your predictions, I hope your right but I would think 150 to 200 would be about right in short term then gradually rising on news of how things progress on drilling etc. IIs are cautious on oil companies, thing is ive heard all this massive rise talk before prior to 30 round. But this is an exceptional situation so you never know

[cashandcard] 06/7/2018 10:36

showme01,


I'll take 160p to begin with no problem.

As the project gets closer to first oil and LW reserves are booked, price will climb.


Cash

[coscos] 06/7/2018 10:34

Once the contracts are signed the project becomes a reality. Institutional support will promptly follow, especially when they see how favourable the terms will be.

[showme01] 06/7/2018 10:22

There is no DD to be done. All the terms have been verbally agreed. It is just the legals that are outstanding. Lawyers don't leak. That Croz on LSE is talking rubbish imo. He only thinks it will get to 160p on funding. I rest my case.

[ducati2345] 06/7/2018 10:11

Well news won't be long coming , as someone on other forum said it will start leaking soon as more people get involved in jv due diligence etc and an announcement will have to be made

[showme01] 06/7/2018 09:56

IMO this will be in the £2-£3 trading range once funding is announced. All risk is then removed. II will build a position with sellers and top slicers on funding news imo.

[showme01] 06/7/2018 09:13

There are 5 market makers sat on the offer at 115p yet not one is giving an on line quote for just 1,000 shares. There is simply hardly any free float. Funding RNS will have a dramatic effect imo as the only liquidity for buyers will be to tempt sellers......but at what price knowing that you may not get back in?
Should leave the traders for dust when the medium term investors move in. I can't wait! :-)

[caters] 06/7/2018 07:58

It's worth having a read of Hurricane's AGM presentation. The engineering project for the Early Production System is massive and has taken a fair bit of time. Also, the company had to dilute significantly to get the cash for the project.By way of contrast, I3 can use existing nearby infrastructure and thereby avoid a load of upfront capital cost and save a lot of time in getting to first oil. Hurricane's achievements are significant and should be applauded, but the share price is no further up than three or so years ago.I3's strategy to date of securing a known field next to infrastructure with scope (now fulfilled) of getting extra valuable acreage is the brainchild of two very experienced North Sea professionals. Its share price reflects a smart strategy supported by rising oil prices. On many metrics, I3 remains significantly undervalued. Time and progress will put that right.

[showme01] 05/7/2018 20:43

Big article in The Times today covering the same thing. Perfect storm brewing?

[mr. t] 05/7/2018 18:44

Mark Tholen, upstream policy director at Oil & Gas UK, expects more north sea oil investments to be announced in the coming months. Liberator one of them?hTTp://www.heraldscotland.com/business_hq/16334404.oil-major-highlights-potential-of-giant-field-off-shetland/

[che7win] 05/7/2018 16:32

They aren't from today.

[petersinthemarket] 05/7/2018 15:44

>che7win - pop the trades button at the top of this page to see 2x200,000.

>showme - I think you are correct, the price is too low to be today.

thanks guys,
pete

[ducati2345] 05/7/2018 15:07

I think the way NC worded it suggests he can tell us who it is and timing within July but actual completion probably end July to end August.

[showme01] 05/7/2018 13:56

The 200,000 was a repeat of a sale a few days ago. It is date stamped. I guess those who want a few more a bit cheaper might get them but these are closely held and trying to trade them could result in being caught with one's pants down if they get this funding deal announced in the next week or so. My guess is towards the end of July as getting all the legals done, read, approved etc will take a few weeks but you never know. They could of had the docs all drawn up at the time of the announcement.

[che7win] 05/7/2018 13:49

You must be looking at a different stock, no 200,000 trades today.I think s few of us are hoping it falls a bit more so we can buy some more.

[petersinthemarket] 05/7/2018 13:32

#2776....endless supply looks right. According to advfn today there were two blocks of 200,000 sold. That's a fair wedge. Small buy lots suggest only PI's are accumulating.

[fardels bear] 05/7/2018 11:31

See my earlier post about MMs, buy orders and strange signals.

[crapcrap] 05/7/2018 11:06

ok, what's going on? price 111p, volume 11,111, last sell 111.
as an ex cricketer i'm doing a jig on my crease

[coscos] 05/7/2018 11:03

Just saw this:https://www.bloomberg.com/amp/news/articles/2018-07-05/iran-says-trump-tweets-not-opec-are-driving-up-oil-prices?__twitter_impression=true

[showme01] 05/7/2018 09:28

Can get a quote to buy (5k at a time ) but not sell.Bit of patience and you will have the opposite problem imo

[ducati2345] 05/7/2018 09:07

Interesting been trying dummy sell and buys fir last hour can't even get a quote

[corgies2] 05/7/2018 08:51

REDUCE PRICES NOW ?
BoA / ML House View $ 90 a year from now
Would be nice timing !!