I3 Energy Share Discussion Threads

[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.

[tonynorstrom1] 25/2/2021 07:18

Jungmana,

I agree the valuation gap with PTAL is too large and that location risk also should factor into any calculation as well as NS assets. However, most people underestimate the value of Oil v Gas on a boe basis. Oil is at $66 / bbl aprox whilst gas is about $14 / bbl. Therefore a Company that produces 10,000 bbl / day Oil is going to to worth a lot more than a Company that produces 2000 bbl/day Oil, 2000 bbl/day NGL's & 5000 boed Gas all other things being equal.

I believe a better metric would be to compare I3E against a Canadian peer with a similar Gas / Oil Mix.

[jungmana] 25/2/2021 06:45

40p this year will be great. But first I need about 13p to breakeven

[imjustdandy] 25/2/2021 04:47

Oil still climbing overnight. We should see this rerate sharply from 8p.

[imjustdandy] 25/2/2021 02:54

The high 3 years ago was 1.20. Just 1.13 to go.

[spurs90] 24/2/2021 19:48

Ziblot we might see your 40p soon lol!!

[jungmana] 24/2/2021 18:51

Climbing back up in Canada. Now about 11p equivalent

[ziblot] 24/2/2021 18:32

They have sold a 300 bbl/d Call Option WTI @ $55. January to December 2021. Hope someone is there to adjust or close the trade?

[jezzoo] 24/2/2021 18:27

2,500,000 share buy from 8.04 am just reported What would that have done to the buying this morning?MM's are slippery f*uckers

[csmwssk12hu] 24/2/2021 16:59

250,000 trade, 8p at end of day

[spangle93] 24/2/2021 16:27

Is the current CAD price equivalent to about 9p?

[csmwssk12hu] 24/2/2021 16:25

$67 well passed in last half hour

[muddyfox0151] 24/2/2021 16:08

Be happy 12p here , can recover the loss last time round . Have big bucks in now . Here goes again .....

[imjustdandy] 24/2/2021 15:02

Oil price just going one way too. Timing for I3E is spot on.

[jungmana] 24/2/2021 14:56

Well I would if I was holding in Canada. Sell In Toronto buy in London. Now 17c there which is about 9.5p

[neo26] 24/2/2021 14:47

Probably buying here..

[showmethemoneyhoney01] 24/2/2021 14:40

Looks like the Canadians have worked out i3e. Back down to 17c

[jungmana] 24/2/2021 14:17

Always pay for what you can afford. Why some folks use so much leverage and now are forced to close positions in some stocks by IG.

[tim000] 24/2/2021 14:06

Whoever it is, they always clear eventually. There are always more prospective buyers in the world than people who currently hold shares in a small cap and are selling. Viz GameStop!

[jungmana] 24/2/2021 13:49

Someone on twitter is saying we are being held back by some IG traders who have to sell.Believes they should clear soon

[tim000] 24/2/2021 13:25

Re PTAL, they pay Petroperu to take out oil price hedges. What if the oil price rises sharply after Petroperu sells the oil via a derivative, but has not yet delivered the oil to the customer? Petroperu I assume faces a margin call from its counterparty, which PTAL has to pay presumably. Leveraged small-cap businesses should not be engaging in large hedging operations. I imagine PTAL could not take out similar hedges itself because any counterparty would regard PTAL as too risky. No one mentioned previously the extreme risk PTAL faced if the oil price went south in a hurry; imho they’ve just substituted that risk for one of the oil price spiking upward!

[loafingchard] 24/2/2021 13:03

Re PTAL, as Spangle says , they now have a second route to market for the oil with similar costs , netbacks as the pipeline. Most contributors on the BB believe it's undervalued based on near term production increases and now fully funded having got the bond away . I hold both PTAL and I3E .

[csmwssk12hu] 24/2/2021 12:32

Oil shares across the board now heading higher, tullow now up 7% and Pmo climbing

[spangle93] 24/2/2021 12:14

tim000 o/t ref PTAL Political risk is endemic (as it is in Canada and the US, e.g. Keystone XL pipeline being shunted into the long grass) but I think a lot of the logistical risks have been ameliorated in the last 3 months.