I3 Energy Share Discussion Threads

[goodday1] 02/11/2022 16:57

A massive buy after hours.Over 3.5 million buy printed at 24.35p a share.Could it be a management buy?Let us see if we get RNs in the next few sessions.This is a definite hold for at least a few months from now.Gl all

[doughcyclone] 02/11/2022 16:51

I’m not saying cut growth all together but capex:shareholder return 97:14m is not so satisfying. 50:50 would be ok.

[scottishfield] 02/11/2022 16:42

Not too bad a day really. Down a bit, but I added a few more. More than happy to hold this share for the longer term. tp is 49p after all, why on earth would I sell now?. best of luck holders. Patience is a virtue.

[goodday1] 02/11/2022 16:28

Some people want it both ways.Buyback & increased dividend & special dividend but they want oil companies to increase their production for energy security.You either want the money as you don't want to hold the shares for over 3 minutes or you want energy security & the company's future security.The company can only pay what they have after increased production etc etc.Remember, oil wells decline at about 7ish per cent as well as decommissioning & we have plenty of small wells, unlike the North Sea oil wells.We all want jam now.I want every pound to double up. LolThis is not a casino.I must feel for the sellers who parted their shares at such a ridiculous share price & losing their dividends.Gl all

[gusto01] 02/11/2022 15:42

Plenty of buying in Canada....Maybe they understood the rns better than the UK....GLA

[push n run] 02/11/2022 15:30

doughcyclone, I agree with you completely.

The market has been sending a clear message to all oil & gas companies, not just i3e, that they should be prioritising shareholder returns over growth. The smart ones are already doing that and buying back a huge % of their shares. Leave the North Sea, it's a terrible place to do business, show some capital discipline and return more cash to shareholders. Buybacks or dividends I don't care which.

[gusto01] 02/11/2022 15:26

Excellent volume today just what we need.....Get some new money in..GLA

[markstevenkirby80] 02/11/2022 15:19

Who filled there boots

[gusto01] 02/11/2022 15:17

Back up we go....Nice transfer of shares to new owners...GLA

[doughcyclone] 02/11/2022 13:43

Come next year we need to increase that ridiculous “max 30%/fcf to shareholders policy” to at least 50-60%. And lower capex and get rid of NS. Time to get paid for our patience.

[doughcyclone] 02/11/2022 13:38

Aeco gas. Not sure about ngl though.

[melody9999] 02/11/2022 13:16

company executing well on things within their own control. what sources do people use to monitor NGL and AECO gas pricing?

[cashandcard] 02/11/2022 12:49

I think in future quarterly reports, they need to avoid NOI guidance - it's all over the place and will probably change yet again in a few months.Cash

[hoper1] 02/11/2022 12:43

Oh dear, are we only making 172 million. I'd rather be here than in a company losing 172 million. Divi coming in again on Friday.

[melody9999] 02/11/2022 12:38

yep added a few more at thsi level

[markstevenkirby80] 02/11/2022 12:30

Full your boots again

[goodday1] 02/11/2022 12:21

ImoIt is the BoD running the show.So far it has been steady as she go.We are happy to add up as and when the money becomes available.Once we diverge from how the company is being run by BoD.This is the time when we will sell (The whole family will make that decision).We will collect the dividend & the upcoming special dividend.Looking forward to accumulating shares & dividends.Solid company & solid BoD.No BoD can please everyone, very simple.I think we are getting into the realm of too many cooks.LolBy February 23, we will be nearer to 50p.Gl all

[basem1] 02/11/2022 12:20

And I need it for my monthly income living costs along with all my other monthly income accounts. I would not hold so many if the dividend timetable changed

[scrwal] 02/11/2022 12:11

A monthly div means there is little effect when it goes xd. By all means top it up with a special.
They should exit the UK , sell the North Sea assets if possible but include royalty clauses in case someone hits oil.
Just keep updates to production figures , cap ex spent etc and never include figures that are subject to market volatility or if they do then discount them based on future rates.

[oilinvestoral] 02/11/2022 12:09

100% Basem! A monthly dividend is the reason I hold I3e

[basem1] 02/11/2022 11:48

As no one nowadays can hold a stock for longer than 3 days

[basem1] 02/11/2022 11:48

Disagree regarding the dividend Monthly dividend equals sticky hands A masterstroke imo.

[1knocker] 02/11/2022 11:45

All very fair points.

It pains me to say it, but I do not see the present administration, and even less a future Labour administration, allowing any company making a fair return on North Sea exploration and development, however strong the case for national energy security and an economic, workable, transition to renewables via gas.

I would add that I would also like to see the company keep the regular dividend at the current level and use exception income to pay special dividends, so that in less buoyant tomes the divided does not become a rod for the company's back.

I do not know the administrative cost of a dividend payment. If it is significant, I would prefer to be paid quarterly.

[divmad] 02/11/2022 11:41

Excellent post Tournesol. Would you please send a copy to Majid.