I3 Energy Share Discussion Threads

[tonynorstrom1] 18/7/2024 13:26

I think the problem is that Andy has two brain cells and unfortunately they don’t talk to each other -one is telling him that I3E’s prospects pick up in October but the other is telling him that AECO is in the doldrums for years - two apparently contradictory opinions - no wonder he is confused and worried sick!

For Fanny - things are a lot simpler - he has one brain cell and most here know that it is non operational most of the time.

[genises] 18/7/2024 12:56

Jw97
Good luck with Andy his brain cell will be on overdrive.

[dexdringle] 18/7/2024 12:53

The two year chart here is horrible.

[genises] 18/7/2024 12:53

We did say with the dividend announcement being paid the derampers gloom mongers will be attacking the 2rd Quarter before they come out.

What’s next on the agenda 9 1/2 weeks we will be in full well drilling and start on works on the multi platform for completion next year.

[jw97] 18/7/2024 12:52

Andy, thanks for your reply. I'm struggling a bit to understand the argument here. Earlier today you were arguing that end September would be a good time to buy, ahead of an Oct/Nov improvement in gas pricing. Now you seem to be saying that oversupply and thus poor pricing might be structural. I'm not sure how visibility in terms of long term pricing will be any better in September than it is now, so I'm curious as to what your thinking is?

[tonynorstrom1] 18/7/2024 12:33

Andy - anyone listening to you and selling out based on your imaginary dividend cut would have lost money including the dividend - just saying !

Now you’ve got to be thinking to yourself what the Q2 results are going to look like with the asset sales - pity you don’t have the smarts to figure it out!

[aberdeenandy] 18/7/2024 12:22

Beware of Tony! He is normally bad for your wealth.

[tonynorstrom1] 18/7/2024 11:38

JW97 - A pretty insightfull comment that no one has brought up before. As you state - the asset sale was closed in Q2 and any gain (or loss) will show up on the income statement/Q2 report. As they were sold at a significant premium to i3e's remaining assets - I suspect there will a gain. All above "sick as a parrot" Andy's head im afraid as it is Fanny's.

Oil is up over Q1, AECO is down as is production Q2 v Q1, obviously producing income is going to be well down but who knows where net income will be with this one time adjustment. My bet is that this pair of clowns have called it wrong again and the Q2 report will be better than they are predicting.

[aberdeenandy] 18/7/2024 10:06

JW97

Thank you for your comments although I still believe the results will be poor and the market will react accordingly. This is normally a share price decline.

AECO price is key and the counter-weight argument to a Nov rise is that Canadian producers can’t help themselves and are producing heaps of the stuff meaning gas storage facilities are currently bursting at the seams. Worryingly they intend to up production when/if the price increases meaning the surplus supply will probably not diminish. This means the terrible gas price might be here to stay. If they had any sense they would limit supply but for some reason they can’t or aren’t prepared to. Crazy.

We all have to call it as we see it. Good luck.

[fandagle] 18/7/2024 09:53

The Elephant in the room being the Gas Price, thats the critical path, nothing else matter if your giving your product away virtually free. I think we are 18 months away from any meaningful movement. The only movement is Tonys bowels into his soil nappy, the ring home must be struggling to get him out of bed this morning,

[jw97] 18/7/2024 09:45

Andy, you're a self-described 'true long term investor' in this company'. If you can see that better times are only a couple of months away do you make any allowance for the fact that the market might also see things this way too, in which case performance in Q2 might not be taken as meaningful in terms of the company's long term prospects?

In terms of Q2 it might also be worth remembering the sale of royalty assets announced at the end of March. This deal closed in the quarter, and given its scale it might have some impact on the Q2 figures.

[marine boy] 18/7/2024 08:59

Too much gloom here - cheer up.

15 May 2024 07:00

RNS Number : 4458O
i3 Energy PLC
15 May 2024

15 May 2024

"Q1 2024 was a period of intense corporate activity during which we refinanced our existing debt with a non-amortising, traditional oil and gas reserves-based loan and laid the groundwork for monetising the majority of our non-core royalty production which significantly strengthened our balance sheet and increased liquidity. This financial restructuring supports the long-term sustainability of our total shareholder return model and sets the Company up for a busy operational period for the second half of the year, during which we will drill a diversified inventory of drilling locations across our Canadian portfolio, designed to grow production and advance development of some key assets. We look forward to updating the market as the year progresses."

Hedging Programme

i3 continues to employ a defensive risk management strategy with current hedges in place protecting USD 44.8 million of net operating income in 2024, and covering 31%, 26%, 26% and 24% of the Company's projected Q1, Q2, Q3 and Q4 2024 production volumes, respectively. i3's 2024 hedges are as follows:....

[aberdeenandy] 18/7/2024 08:39

Run Fandagle run!!

I think we’ll see at least a penny off the current share price.

Things should start to improve Oct/Nov time so if my timeline is correct, a good time to buy would be end of Sep.(steal a march on the masses)

[fandagle] 18/7/2024 08:26

You’re right Andy! I jumped the gun and bought in at 10p for the Divi! Now my pants are down like the Redneck scene from Deliverance! The matrices are dreadful here, Tony will concur later, this could easily drop 15% on the incoming financials timebomb! I think we are actually losing money every day now! Tony we need you back here to prop this BOS up!

[genises] 18/7/2024 08:22

Yep Andy
You don’t know what’s around the corner.I do agree results will be worse than last year this quarter but not as bad as you think.
I suggest yoi
Close your short as you may be doing more than having your pants down.
💩🩲
Oil climbing to $83 this morning

[aberdeenandy] 18/7/2024 08:15

Drip drip drip. Trend is down and chart looks awful.

Bad financials incoming folks. All I ask is, don’t get caught with your pants down.

[1choip] 18/7/2024 08:06

ujo found oil

[genises] 18/7/2024 07:19

Nice to see crude above $82 this morning.

[fandagle] 17/7/2024 17:56

Another red day today, financials incoming and they will be dreadful. Hold on now!

[marmar80] 17/7/2024 15:24

Now aeco back over $1

[marmar80] 17/7/2024 08:10

Thanks. Small recovery for aeco yesterday. From that unexpected drop to 60c is now at 90. Big volatility there.