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Share Name Share Symbol Market Type Share ISIN Share Description
I3 Energy Plc LSE:I3E London Ordinary Share GB00BDHXPJ60 ORD 0.01P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.75 5.66% 14.00 13.80 14.00 14.40 13.00 13.55 11,079,425 16:35:15
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 13.0 10.6 3.8 3.7 150

I3 Energy Share Discussion Threads

Showing 21851 to 21875 of 23075 messages
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DateSubjectAuthorDiscuss
10/7/2021
11:38
Someone spoke to the BoDJAdamPosts: 8,839Price: 11.55No OpinionRE: JAdamFri 19:05TonyMuch like yourself my assessment is similar, however also like you I had communication with Graham to understand many of the finer points. I believe I understand why the deal was structured the way it was, importantly, I believe the need for speed of delivery was key regarding the 'opportunity knocks' aspects of the deal. I believe this led to the very short opportunity afforded the PI's via primary bid. I do not feel the same mistrust of the BoD. Like GGG I was 'initially' unhappy with the structure of the deal until I understood more about what i3 had actually achieved. Like GGG I too suffered more than £100k drop on my portfolio from the highs of 16p, however unlike GGG I am not showing the same level of concern. I took it upon myself to converse with the BoD directly. I have placed my concerns and fears forward, obviously dilution and share price drop being the main and am happy with the answers received. I am extremely happy to look to the future and what I see is a fabulous deal.We have for 42% dilution (based on current fully diluted shareholding of 864,415,386 shares) achieved a near doubling of production and NOI with a hugely greater potential to increase that further with the added acreage. The extra size has reduced the risk by being less dependent on fewer assets, it has propelled us into a different league in who will wish to be discussing with i3 in the future, whether that be funders or potential partners or acquisition suiters.I expect with greater production comes greater profits, we are better able to undertake field rationalisations and with greater profits come greater FCF. If we double our free cash flow for less than half the shares then proportionately my dividend per share increases, what's not to like with that.Taking into account fully diluted shares prior to the announcement then at 16p that gave us a Mkt Cap of £138,306,462. If we are to assume that the company has fundamentally doubled in size (production, NOI etc) then that should, with a fully diluted shares of 1,228,115,386 (not including todays options supply an share price of approx. 22.5p) .Fundamentally, as the deal is accretive in just about every way then I see us as greatly undervalued, its always hard to gauge the bottom, but I am not concerned as to whether I buy at 11p, or 12.5p both are cheap, thus I have topped up significantly since the announcement. I still believe that the errors of the past and step out mistake were partially forced errors on behalf of the lenders and a weakened BoD at the time. I've moved on from that, what I see is a Bod who brought us back from the brink into what is turning into a very successful mid tier company. The last deal many moaned at initially due to the options and warrants, but it was that deal that got us to the 16p and regained some trust, it is this one that will get us past the 25p and with greater dividends, again it needs trust but it shouldn't be so hard the secon
goodday1
09/7/2021
19:48
I know Edgein. I was trying to reinforce the point i3E makes that there's no capital in Canada for oil. (Pretty badly , sorry!). That's why I said we should make hay, as we do & can drive the deal(S). Regards
source
09/7/2021
19:26
Down on v low volume, market makers trying to drag the price down to oblige institutions that didn’t get their fill in the placing?
squareloss
09/7/2021
18:08
SP Down 5% over pond, confidence remains low....
fandagle
09/7/2021
16:28
860k bought over the ask, decent trade that one ahead of the Clearwater wells next week. Regards, Ed.
edgein
09/7/2021
16:11
No bounce today, PI’s had enough of these crooks...
fandagle
09/7/2021
16:08
yea you wish.
1choip
09/7/2021
15:59
This will fall next week, hold fire...
fandagle
09/7/2021
14:31
Source, What I3E have picked up aren't oil sands assets, they're conventional wet gas and oil assets mainly from conventional horizontal wells. Oil sands are unconventional and a totally different ball game. Regards, Ed.
edgein
09/7/2021
14:31
& more generally too.
source
09/7/2021
13:29
Oil sands?
swanvesta
09/7/2021
13:06
...Several global oil majors have rushed to sell Canadian oilsands assets over the past four years over concerns ranging from high production costs and emissions to scarcity of capital....= Yup, make hay.Regards,
source
09/7/2021
12:58
Glavey, this post from ceo.ca/ite explains why. They are currently aggressively deleveraging trying to get debt down to 10 billion from 13 after massive merger. "With regards to your question about why $CVE would sell these properties. Some others above did give partial answers, like non-core assets, etcetera, but the real reason is stated in their 1Q Report. Someone mentioned above Husky and the merger that the two companies did during Q1 2021. This caused the CVE debt to rise to $13.3B at end of Q1. This is what Cenovus stated and will give colour to why they sold this and other assets recently. Deleveraging will remain a top priority for Cenovus in 2021. The company will continue to allocate virtually all free funds flow to its balance sheet in pursuit of its net debt target of $10 billion. At current commodity prices, Cenovus expects to approach its net debt target by year end. The company will continue to prioritize the balance sheet even after reducing net debt below $10 billion, with a longer-term target of $8 billion."
ark87
09/7/2021
12:53
Why did Cenovus choose to flog this off at this time?
glavey
09/7/2021
12:48
Lots of folk sitting between 5-12p range, not willing to dig into the unknown, sentiment plunging...
fandagle
09/7/2021
12:34
Looks as if PI’s are scunnered with these twos antics...
fandagle
09/7/2021
12:22
I would guess a lot of retail on the sidelines in case it falls below placing etc or waiting for institutions to mess around with price for a while - I get this thinking but there is lots of potentially good news in the offing to offset any overhang - I hope ?
eringael
09/7/2021
12:22
One thing that's been dialled back is the dividend payout policy. Last year, the phrase used was "Begin issuing annual dividend between 20% and 30% of free cash flow (increasing to 40% alongside growth) This year, in the current presentation, it's been capped "Begin issuing annual dividend up to 30% of free cash flow"
spangle93
09/7/2021
11:45
Cash, Yeah net backs are great and can be improved by tying in some of the currently trucked oil to infrastructure. NTM NOI around $75-80m is stunning given our current market cap. Current planned and announced spend is only a fraction of that, but we're likely to see more aggressive deve plans in the near term once these new assets are integrated into the entire beast. We've a lot of well results from drilling and re-completion this month according to the recent presentation. I'm amazed volume isn't zooming up here, perhaps market is waiting for acquisition completion RNS after the meeting for deal approval or something. It does have a feeling that its only a matter of time before it pops again. Regards, Ed.
edgein
09/7/2021
11:31
For those wondering how this will potentially impact cashflow/divi, this from WHI yesterday: -------------------------------------------------------------------------------->> Low-decline production: The acquisition will increase i3 Energy’s production by circa 8,418 boe/d of low decline, stable production. Pro forma the acquisition i3 Energy’s production of circa 18,470 boe/d will consist of oil 19%, NGLs 28% and natural gas 53%. Synergies: i3 Energy anticipates increasing the acquired asset’s cash flow by up to 20% via synergies – a considerable uplift that would add further to the attractiveness of the acquisition. Low break-evens: The company estimates that its pro forma breakeven commodity price equates to $11.05/boe (exclusive of royalties) – low by any standards. ------------------------------------------------------------------------------>> Look at the estimated B/E price once they combine and drive synergies! Cash
cashandcard
09/7/2021
11:19
To get deal done quickly.
pretax2
09/7/2021
11:18
My ideas on how #i3e is currently moving. Notice the new bullish channel that has broken out of the historical larger macro downtrend. ?????twitter.com/SwazersC/statu... #markets #StockMarket #swazcharts #AIM #TRADINGTIPS #trading #FTSE #StocksToWatchhttps://twitter.com/swazersc/status/1413430781825802240?s=21
goodday1
09/7/2021
11:16
If share price should be 20p now why was placing at 11p ?
78steve
09/7/2021
10:33
Topped up, but showing my buy in red as a sell and agree this share should be double it's current price
bigpecs
09/7/2021
10:28
Not because of placing, share price should in 20s by now.
1choip
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