I3 Energy Share Discussion Threads

[spawny100] 20/12/2021 08:34

Apologies I'm sure it's been asked before but is there a dividend withholding tax on this like DEC? Thanks.

[highly geared] 20/12/2021 08:32

Superb RNS that once again amply demonstrates why this is so undervalued. 10% dividend whilst funding drilling program out of cash flow.. Hopefully, that dividend % halves over the next few months....

[dunderheed] 20/12/2021 08:31

21955, ta you're probably right matey I haven't got a clue what "I spend my money on".

Did you see my edit re ops update?
It's just detail.
The important update was today.

Anything moving Serenity wise, which admittedly is very material will be separately rns'd and a pleasant surprise for me.
I don't see anything on this until at least end q2, if at all but you keep it in your spreadsheets if it makes you feel better?

Were you an "original" holder then, for all the NS potential?

[pretax2] 20/12/2021 08:27

In addition ‘share buybacks’ mentioned more prominently which would turbo charge the divi.

At last a company that rewards its shareholders. I will continue to acquire.

[spangle93] 20/12/2021 08:20

@the Abbot

When I3E was briefing the Canadian deals in 2020, which were conducted at ridiculously low $/2P reserve prices and very rapid paybacks, they had a graphic that showed that below a certain oil price it was more economic to grow by acquisition, and above that price it was commercially more attractive to grow by drilling its acreage.

This was referred to this morning. " Under the forward strip, the average payout of all operated wells being drilled is less than 1.4 years; this metric is in line with that achieved for i3's 2020 acquisition of the portfolio of Gain Energy Ltd. and the 2021 asset acquisition from Cenovus Energy, and below what the Company is currently observing on the market for available M&A and A&D transactions of similar asset quality."

While I'm sure any compelling target acquisition wouldn't be missed, it should reduce the need for new debt to nil, and make your spreadsheet prediction less volatile

[dunderheed] 20/12/2021 08:17

Of vourse I "understand" the potential abbot ffs, but, until farm out that is, absolutely all it is.
The operated NS has been a complete disaster, leave it for some better placed teams now.
I have only bought here in spite of NS certainly not because of it.
IMHO, dyor natch.

EDIT, the ops update is detail matey and nothing material unless of course bizarrely Serenity farm out left for that but methinks they may just separately RNS any real news there, lol?!

[dunderheed] 20/12/2021 08:12

21950, ok lets see.
Based upon the guidances indicated in RNS today no real surprises (either way) in actual numbers, IMHO.

[goodday1] 20/12/2021 08:08

Actual numbers for the quarter.LolEverything is forecast & the market like actual figures.It will be a bumper quarter, the oil has spiked.11p will not be seen again this year or next years.Gl all

[dunderheed] 20/12/2021 08:00

What's going to be in ops update that was not already covered in Canadian "stuff", NS an irrelevance now, unless they can farm out operatorship, it's just a bloody distraction, wtgr, dyor and all IMHO.

[5chipper] 20/12/2021 07:53

Operational update shortly???

[goodday1] 20/12/2021 07:50

Operational update shortly.Gl all

[lobo] 20/12/2021 07:50

Blimey ...10% yield

[goodday1] 20/12/2021 07:45

"The Company retains the flexibility to pay special dividends to return excess cashflow to shareholders in a strengthening commodity price environment, such as that considered here".This is the bonus.Very good Canadian update & well done to all at i3e for this & very much looking forward to 2022.Gl all

[kaos3] 20/12/2021 07:36

I read it - you get the "payment" and be good and happy

let us do Serenity our way - you got yours to be quite

[dunderheed] 20/12/2021 07:31

ta I know but weren't certain "optimists" expecting something by Xmas (I certainly wasn't by the way).

[sporazene2] 20/12/2021 07:29

dunderheed - correct no mention of Serenity - RNS clearly titled Canadian Capital programme. One could draw a number of conclusions from that.

The update looked positive to me and good to see distributions increasing.

GLA

[dunderheed] 20/12/2021 07:28

Absolutely agree and was just commenting like.....

[banksy] 20/12/2021 07:23

With or without Serenity, the dividend of 1.05 pence per share or a 10.2% yield is superb and makes this share an easy hold

[dunderheed] 20/12/2021 07:14

Not much mention of Serenity there or am I missing something?