I3 Energy Share Discussion Threads

[gooroo1] 26/1/2022 23:50

Hi Darton/the abbot,

Thank you for posting this.After reading it got me thinking why they would have to disclose financial instruments like CFDs which as you said have no voting rights.

Well, after doing some research and looking at section DTR 5.1.2R in the FCA handbook I read that for a UK incorporated company, which Cairn Capital is, investors must disclose every % increase/decrease in their holding above the 3% threshold. I then looked at section DTR 5.3.1 which discuses notifications from holding certain financial instruments. It states that if you buy a financial instrument which has an economic effect similar to the voting rights financial instruments you already hold you must notify in accordance with the applicable thresholds, i.e. the % increases.

So from this we can deduce that the Contract for Differences which Cairn Capital now own are long as they are own a lot of shares!

If we then look at the amount of shares they have sold from this TR1 its 366,088 and we assume they were sold at an average price of the current 14p this equates to £51,252.38 cash back to Cairn. In the same TR1, CFDs owned by Cairn increased by .6834% which we can assume is equivalent to an increase of about 7,697,995 shares. At 14p these would be valued at £1,077,719. So they have increased their exposure by net £1,026,467 and hold the equivalent of 21x the 366,088 they have recently sold. To me, this 21x multiple seems close to what a financial services company would let a larger institutional investor borrow on which means the CFDs could have cost Cairn a similar amount to the shares they have recently sold - ballsy move if this is true!

If this is the case there are a couple of reasons they may have done this which are both very bullish. The first is it lets them increase their exposure to I3E without having to free up funds and the second is that by selling shares this helps to suppress the share price in the short term therefore allowing them to load up lower priced, more lucrative CFDs.

I don’t know if you will agree with this and happy to hear other points of view and of course this is all speculation on my part so take this with a pinch of salt.

[pretax2] 26/1/2022 23:25

I think the shareholder is anticipating volitility and wants to be able to trade at the margins of their holding. If shareholder has insider knowledge, this could be a sign of imminent takeoff.

Speculation I know, but seems to make sense.

[gusto01] 26/1/2022 18:40

RNS.Institution has increased. They bought the dip.Clever..!

[tazarface] 26/1/2022 18:29

I am such a fool

[ark87] 26/1/2022 16:06

Oil will be $100+ before end of February. You'd have to be a complete mug to sell now.

[ark87] 26/1/2022 16:06

Keep selling while Oil is rocketing mugs.

[edgein] 26/1/2022 15:35

Pretax,

Given that oil is currently trying to crack $90/bbl and that the upcoming wells are oil focused (clearwater and Simonette) then your suggestion looks likely. The higher these commodity prices all things will be on the table, including the recently mentioned buybacks, additional divis and no doubt further drilling/acquisitions. Buying 100m shares at 13-14p and cancelling those would go down a treat for future divi levels. Even better get Serenity drilled as oil could be $100+ by then.

Regards,
Ed.

[pretax2] 26/1/2022 15:29

I think they'll have to up the divi (currently 1.05pps)

[goodday1] 26/1/2022 15:14

90 Dollars about to go for the 1st time.How many goes will it take PoO to get over the 90 Dollars?I am very confident that i3e will go from strength to strength.Bring it on.Gl all

[doughcyclone] 26/1/2022 12:42

Let’s see when Canada opens.

[gusto01] 26/1/2022 12:18

Most shares up 4/5% and where are we? Even if poo. Went to $100, I3e would still be negative 3/4%Couldn't make this up..

[goodday1] 26/1/2022 12:02

Breaking NewsBoris Johnson to employ our resident lying plonker to head the cyber division of the Conservative Party to destroy China & Russian espionage.Hahaha.Cake, beer & plenty of hot air will sort it.Hahaha.Will we get 90 Dollars by end of the day?Gl all

[muddyfox0151] 26/1/2022 11:22

Your claims are unsubstantiated as always fanny more substantial profits coming here . Get a life

[fandagle] 26/1/2022 11:01

Down 2% so far, once the FED hits at 3pm this will be like a falling knife, dizzy and GOODDAY the same person, what a twerp, wondering of this is your the day you sign onto your register?.....lol

[1choip] 26/1/2022 09:37

Look at what happened last February following to operational update.

[goodday1] 26/1/2022 09:21

That did make me laugh.Energy prices go up if we hold i3e or not.We are lucky in a way over here in the UK.Many other will really struggle especially the poor ones in the 3rd world.News on Monday?Gl all

[pretax2] 26/1/2022 08:55

PoO, “what don’t you like”

Actually, my petrol and heating bill. Thankfully the i3e divi will cover the extra cost. 😏

[goodday1] 26/1/2022 08:27

Is that post of our resident lying plonker an apology for lying about him getting my IP address & letting the fun begin?We all know that this lying toad is just full of hot air & lies.I would take what he post with a pinch of salt, hence he is blocked.PoO heading towards the 90 dollars.What don't you like?Gl all

[pretax2] 26/1/2022 07:14

The reason to buy i3e, as opposed to other oilers, is the portfolio of producing properties, wells and exploration. No one well will make us, nor break us. Just look at what happens when you have a single wildcat (ADV).
In addition the company is significantly undervalued adding shareprice upside to the dividend and, at the current price, must be attractive takeover target.
I3e’s recent silence is intriguing. They’re working on something big IMO.

[fandagle] 26/1/2022 07:12

Terrible day ahead! Yet another day with no news flow! Then there us the FED interest rates rise later today! Hold onto your hats! Think we’re going to be down 5%…..

[melody9999] 25/1/2022 22:37

Tazerface - first time I have filtered someone on the same day they created their ADVFN profile.

gusto 22388 - understood. My point is not about whether you sell or not ......it is that the 7% divi provides a reason for investors generally to continue to hold I3E rather than another oiler with no divi - and even more reason if the other oiler is not making a profit or maybe not even producing.