I3 Energy Share Discussion Threads

[loganair] 22/8/2024 09:14

p2 - You forgot to mention that many Retail Investors and most Institutional investors hold I3E for the high yielding dividend the company offers whereas GTE hasn't paid a dividend since 2000, instead prefers the typical American taking on debt for share buy backs.

[pretax2] 22/8/2024 09:09

The GTE Deal: A Contrarian Perspective
The deal looks terrible, and I understand why investors are squealing.
• The cash offer is derisory
• The dividend; we’d get that anyway, right?
• Then we have those GTE shares – who wants them?
So, I don’t understand why I3 would agree to this. Was it really all about directors bonuses – they’re wealthy already?
--------HUMOR ME--------
So, let’s go back to Majid’s comments from I3e:
“We believe this acquisition presents an exceptional opportunity for i3 Energy’s shareholders. It reflects the culmination of a comprehensive process to maximize shareholder value and offers significant upside potential.”

Now Gary Guidry, CEO of Gran Tierra’s comments:
“By integrating these high-quality, operated assets—characterized by low-decline production, large resources, and a substantial land base—we are not only enhancing our asset portfolio but also aligning with our long-term strategic vision.”

Neither Majid or Gary are talking about the deal as it is TODAY, they’re talking about how the synergy or merger of the two companies can create a highly valuable mid-tier O&G company with fantastic potential. For I3E we will have access to the trans Canadian pipelines and transportation of our products to Europe and the east. GTE already have logistics to the West Coast in Ecuador and Columbia. Weaknesses within the two companies are supported by the other in a symbiotic-like relationship. The perfect marriage.

I strongly suggest investors read the following before selling out in disgust.



Like I3e’s shareprice, GTE has laso been beaten up, just look at the long-term chart. But unlike many companies where the share-price gets increasingly diluted over time meaning former highs can never be achieved again, GTE have embarked on an aggressive share-buyback programme to maintain the ‘underlying’ value of the shares.

Read the article….

I recommend that investors look beyond the dealing table. GTE is not a turkey, it’s a goose that’s pregnant with a large golden egg. So now, with hindsight, I say yes to the deal and yes to 12,500 GTE shares; they could be worth a fortune when they multibag.
IMO DYOR
PT

[marmar80] 22/8/2024 08:46

Games but offer is defo real.

[loganair] 22/8/2024 08:30

From the latest RNS's, GTE seem to be trading I3E shares and holding I3E shares as a Short Position - something about GTE smells very rotten to me.

[marmar80] 22/8/2024 08:15

What would you expect from them to say?

[fandagle] 22/8/2024 08:14

The critical factor is the silence from the I3E BOD, the rule of thumb being if a hostile bid is not compatable then the incumbent BOD advise against it from day one! I only see acceptance here!

[roundtheworld] 22/8/2024 08:02

Reminds me of the jockey who had an accumulator bet about 6 years ago and after getting 6 straight wins he just needed the last horse on his card to win to collect £500k. Before the race, the bookie who had taken the bet offered him £250k to settle and when he was interviewed he just said. “Sod em..let the bet run”

The rest is history. The horse won and he cleaned up.

[marmar80] 22/8/2024 07:56

Of course. It would be mad to think they came up first time with maximum they can offer.

[roundtheworld] 22/8/2024 07:53

Also remember if this bid is rejected it’s highly likely GTE will respond with a higher offer irrespective if there’s anyone else in the wings.

Makes sense to hold or top up in my humble…

[markstevenkirby80] 22/8/2024 07:51

AM GOING WITH THE FLOW ,30P ++

[marmar80] 22/8/2024 07:48

I'll hold them till end, see what happens.

[roundtheworld] 22/8/2024 07:43

kaos

Agreed. Tons and tons. This will be no exception.

[kaos3] 22/8/2024 07:28

over the last few years how many serious counter offers have we seen in similar situations?

old memories of the take over games, premiums, fights are hard to get rid off in my mind - but i try

[roundtheworld] 22/8/2024 07:25

There are rumblings of a counter-offer.

[spangle93] 22/8/2024 07:18

Doesn't the fact that the share price has stalled quite a bit short of the cumulative value of the proposed deal suggest that the market doesn't believe there will be any counterparty offer?

[marmar80] 22/8/2024 07:06

Correction. Renaissance Technologies LLC accumulates for GTE. Already collected over 2% from the market.

[marmar80] 22/8/2024 06:59

GTE lads are loading up directly

[washingmachine] 22/8/2024 06:19

I’ve sold out of here yesterday
MATD could be fruitful

[banksy] 22/8/2024 06:17

Ha. Nice ramp but nothing to do with this matter.

[washingmachine] 22/8/2024 06:13

Unlike MATD news today !

[source] 22/8/2024 06:12

Completely agree Banksy!The Board are clearly not functioning as it should nor acting in shareholders interests.

[banksy] 22/8/2024 05:38

The big question for me, is why are the management throwing the towell in unless they are being offered huge incentives to do so. This deal is clearly not in the interests of any shareholders and flys in the face of broker reports which value the company far higher based on their known reserves and financial standing. The deal comes at a low point re Aeco and I was under the impression from our CEO Majid recently that having rearranged our finances, the company would be in a strong position to acquire any other distressed oil and gas outfit in these times. So to be the ones being acquired and for such a paltry sum, clearly stinks of corruption at the top. Management have clearly done the dirty on PI's who should vote against this deal! Should the deal fail to garner the necessary support, then Majid should be ousted along with his cohorts!

[money4me] 21/8/2024 22:47

In that case then either the directors are not looking to get the best returns for investors or GTE are better negotiators

[pretax2] 21/8/2024 21:24

Zac Mir - Share talk

Comment: Given the ongoing and rather typical lack of appreciation for I3E by the London market, it is perhaps not that surprising that this ridiculously underappreciated company has succumbed to a takeover. That said, anyone with spare cash hiding in the sofa might have considered bidding 15p or even up to 20p a share and considered themselves as having picked up a bargain.

[genises] 21/8/2024 20:55

I have noticed very little has been posted on GT and future development.
Interesting read but not for me.
I will be voting No