I3 Energy Share Discussion Threads

[dunderheed] 18/11/2021 09:00

It would probably be a small div until they can farm out, that is of course, if they can farm out on decent terms?

[1choip] 18/11/2021 08:55

They should sell northsea assets and use that proceeds to pay special dividend.

[tournesol] 18/11/2021 08:15

I've got a substantial holding in I3E and have been relaxed about the SP's stubborn inertia but my interest has been piqued by today's RNS.

Borrowing at low interest rates to invest in productive assets/activity sounds like a no-brainer but I'm not sure about the logic of paying dividends whilst at the same time borrowing money.

To my mind that is equivalent to borrowing the money being used to pay the dividends - which can't be a good idea.

In the 1980's I worked for LASMO - a FTSE 100 listed North Sea E&P. They were always a jam tomorrow kind of operation and I remember calculating that over a period of some years the divis they had paid out had all been matched by their increasing borrowing. After years of poor quality management they eventually succumbed to a disappointingly low ball bid. My options - which had looked impressive on paper - expired worthless.

I'll have to keep my eyes peeled here.

[kaos3] 18/11/2021 08:02

I really hope you are right and it happens as it should. Cheap finance to fast forward development of I3E assets at this high oil prices increasing the NPV by using optimum time (high oil, cheap capital). Using pure debt and nothing attached to it (warrants and or conversion clauses).

[highly geared] 18/11/2021 07:57

the abbot . Great post and exactly how the RNS should be objectively led. They acquired the Canadian assets at rock bottom prices in the pandemic through equity. Now’s the time to leverage those assets ( field development) through cheap finance.

It’s a very good RNS for those who can read.

[bountyhunter] 18/11/2021 07:50

#21618
...interesting, "near-term undertaking" ..."to introduce a measured amount of leverage onto our balance sheet" is what I picked up on as well! New debt may be most likely.

[basem1] 18/11/2021 07:46

Nice post Sir

[goodday1] 18/11/2021 07:43

"Is best placed to assist us with this near-term undertaking."Watch this space.More producing assets, F/O on either side of the pond, JV or merger?let LSE say "What has this BoD given us"In the world of business grow & flourish or standstill & get swallowed or die.Do we know our hedged prices?Onwards & upwardsGl all

[kaos3] 18/11/2021 07:24

Stief - of the HUR fame ....
do not like it

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I hope we do not get warrants, convertibles etc...
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I thought that is it ..... self funding from now on .... BUT

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I understand now - the strange share price behaviour
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new "action" coming on PASSIVA part of the BS

impacting the current shareholders

I had huge hopes for i3e - lets see if they continue

all imho

[basem1] 18/11/2021 07:20

Sorry head into gear now It would not mean placing of new shares as that would not be leverage Forget my posts

[basem1] 18/11/2021 07:17

Would leverage mean loans or placing of new shares Can anyone elaborate please

[greatfull dead] 17/11/2021 16:35

Mid to long term hold will see a very good profit for me, I currently have a nice profit. If Serenity is drilled Q1 2022 then its a long term hold for me.

GLA,
GD

[goodday1] 17/11/2021 15:36

fairdealer20, Posts: 4,043, Price: 11.30RE: what the hell is happening??Today 14:42Suspect Serenity is a "Millstone" around the neck of I3e. Possibly the uncertainty and going it alone (NO NO) is worrying the market. Majid needs to swallow his pride before the share price sinks lower.Such wisdom wasted on LSE should be at the heart of government. LolYou can't make it up.Gl all

[pretax2] 17/11/2021 15:36

Good day
That’s exactly what’s happening.
Not having mine.

[eringael] 17/11/2021 15:34

They want 100% gain by Xmas and that won't be enoughVery few willling to simply hold a share these days

[basem1] 17/11/2021 15:14

Haha blue finish would look good on the chart as we are at multiple support levels on the 3 month

[1choip] 17/11/2021 14:46

All the way to 5p?

[goodday1] 17/11/2021 14:10

I think they need fish & chips & chewed for them.LolDon't forget the new 9p ie 11.75.lol