I3 Energy Share Discussion Threads

[mcfly79] 23/11/2021 21:20

How much would it cost to drill Serenity?

[cashandcard] 23/11/2021 20:57

I'm in the 'abandon NS if we cannot get an industry partner involved' camp. Its expensive and too high risk - i3e has the luxury now of being able to walk away from it unharmed - they are not desperate like they were with Liberator when third parties wanted more proof.What they've got going in Canada could easily get wasted in NS if Serenity stepout fails. Frankly, let another entity pay for it - if any are willing (remains to be seen). I3E should not go it alone under any circumstance. It doesn't need to and can survive/thrive without this asset.There is a completely plausible argument as to why, in the current environment, investors may not want companies to chase offshore oil any longer. Maybe gas which is a transition fuel, but not oil.Cash

[goodday1] 23/11/2021 20:03

Everyone is a CEO or Oil expe!freshair, Posts: 291, Price: 10.95comment on Serenity, Today 18:17, on LSEThough I'm done speculating on what will or will not move our share price, as good news seems to consistently escape investor logic, I would hope we'll see a pop at such time as a farmout of Serenityis announced. As with many companies, our investor universe has mixed drivers – some would prefer i3 to fund the appraisal on a "go it alone" basis to get the full benefit of a successful result, while othersbelieve we should be abandoning the North Sea altogether – so we are left to contend with competing sentiment under differing outcomes. Hopefully logic wins on the day... Regards, Graham

[goodday1] 23/11/2021 19:55

I am giving you the thumb up!Gl all

[goodday1] 23/11/2021 19:52

I am a judge!LolGl all

[36redhill] 23/11/2021 19:42

Could you re- post that when you've sobered up please..

[ashkv] 23/11/2021 16:56

Agreed Cash - I3E needs to announce Buybacks ASAP!!!

[cashandcard] 23/11/2021 16:12

I disagree the most efficient use of capital is ploughing it into not very cheap wells. Rather a combo of buybacks and workovers.The example given fails to take into account the reduced payout (savings) that would emanate from a buyback at low prices, and that in perpetuity aswell (not just immediate deal value as that example gives). The stock is undervalued so it's effectively buying very cheap shares. To be able to buyback at 2times earnings is pretty insane when growing at the same time. Buyback value from the deal value superior imo - it's not just about one off clearing up of the float, but years and years of potential Divi payouts on that float, that's alot of money. Why that beats ploughing all into ops? because it has zero operating risk. Cash

[ashkv] 23/11/2021 15:50

INSANELY LOW VALUATION..... Fully concur with poster Tony from another board as to his logic on buybacks so well articulated below..

REPOST FROM TONY ON ANOTHER FORUM:

Share Buys Backs:

1) I personally agree that a small buy back would be positive for sentiment and I think they can more than afford it and still fund a significant acquisition or drill program. I dont agree with the previous poster that its hand down the most efficient use of capital - you just have to run some rough and ready numbers:

1) If you were repurchasing stock at the current market cap then you would be effectively paying:

122m x 1.34 / 19,000 = $8,600 / boe

2) Cenovus was bought at $6,600 / boe as per last presentation

3) All previous acquisitions and capital spend were done as $5,500 / boe as per last presentation

4) If you drilled a well in clearwater for $1.3m producing at 150 boepd = $8,600 / boe*

*Some wells in clearwater will produce at more than 150 boepd and not only that will produce substantially a higher proportion of oil than assumed in 1) above for the whole Company making the metrics even better.

So hands down the most efficient use of capital is work overs followed by cheap wells in clearwater if they can flow at 200 boepd and then acquisitions assuming they can be bought at similar metrics to cenovus which I think may be possiible.

[fandagle] 23/11/2021 13:54

Soon be time to pack up and put the toys away if this drops any further....

[t_anonymous_t] 23/11/2021 13:31

So much for not going under 11p, need to keep loading up at these levels. No point in looking back I'm basically all in with this dog.
GLTA.

[cashandcard] 23/11/2021 13:09

There are two ways to get the shareprice up;Launch a buyback at current price to clean up the float that's sloshing around. This has added affect of preserving cash longterm. Secondly, increase Divi - which they will be doing for nextyear.One thing for sure, at current earnings level, i3e is heavily undervalued.Perhaps MS could buy some stock?Cash

[sporazene2] 23/11/2021 13:03

HG yes and that excludes any incremental production from capital investment and/or acquisitions. I agree that serenity is a sideshow and I was discussing the other day with another shareholder and we both thought a farm out of 50% for a carried well was a decent outcome for us given the potential in Canada

[goodday1] 23/11/2021 11:57

That really cheered me up.HahahaSomeone who frequents this BB gives the thumb down to an amazing company RNs.HahahahaWhy don't they just scoot off? How is one going to live while you give the thumb down to such a post?Thank you for the laugh you provide, yes you.HahahaThis going to end unchanged.Gl all

[highly geared] 23/11/2021 11:26

c. £30 million I think ..

[neo26] 23/11/2021 11:22

How much of that ia fcf?

[highly geared] 23/11/2021 11:20

Serenity is, in many ways, a side show. The core Canadian assets will generate £88 million of net operating income v a current market cap of £119 million ! Gift horse ...

[goodday1] 23/11/2021 09:01

The job of the MM is to buy/sell shares.If news forthcoming they are in the business.If we are in a waiting mode they will create the situation for buying & selling.Very Good luck to the lucky ones who bought it at the Black Friday prices.I am still trying to move the funds around.Below is the reason i3e is a hold."And this may just be the beginning," Bloomberg Markets wrote. "Free cash flow, the key metric watched by investors, probably will increase by 38% next year, presuming oil prices remain elevated."Gl all

[kaos3] 23/11/2021 08:39

I hope BOD takes notice what the broader market (myself included) thinks of their further plans !!!! and makes them think again. Nothing has happened yet.

our saying: each man is a smith of his own luck

in translation

[dunderheed] 23/11/2021 08:37

It looks to me like Serenity "issues".
I hope they do not decide to go it alone.
This was the only issue / risk I was "concerned" about.

[fandagle] 23/11/2021 08:32

Doubt I’ll see 13.2 for my Holybob, what a Dog…