I3 Energy Share Discussion Threads

[goodday1] 03/2/2022 08:06

Well, the 14s behind us or should I saythe15s?This is leading the industry & saying we have so much FCF we returning it on monthly basis.Are-rate underway with the "A field development plan for Tain has already been approved and an FID had been expected in the second quarter of 2021". hTTps://www.energyvoice.com/oilandgas/north-sea/384279/repsol-sinopec-tain/Extra bonus, We have the silence of the Lamb.Gl all

[ianio5691] 03/2/2022 08:04

WOW...

Excellent news!

Should be a good morning!

[bountyhunter] 03/2/2022 08:03

and the market likes it, an added bonus

[markstevenkirby80] 03/2/2022 08:03

A rolling stone gather no moss

[doughcyclone] 03/2/2022 08:00

Lovely news. Definitely expecting a bonus div as well this year.

[basem1] 03/2/2022 07:55

Yes totally agree Dividends are usually a drag on a stock for 2-3 weeks. It will not be here. Fantastic

[edgein] 03/2/2022 07:54

Divmad,

I think you're missing the point, its just a new way of paying out the minimum announced dividend faster and gives them flexibility to increase that on any given month. No one knows yet what yield that will be, all we know is what the minimum dividend payment is. I like it because its my second largest holding and the faster they pay me back my original investment the better as there are other options out there too. This won't in any way alter the timing of Serenity, they were going to pay this level of dividend regardless. The fact that the assets continue to outperform is a good thing, if that means faster and growth in divi payments I see that as a good thing too. It by no means replaces the excitement of the North Sea assets nor the upside on the Canadian assets. Just means when they add production through their drilling campaign then shareholders don't have to wait 6 months to see an increased divi. Thumbs up.

Regards,
Ed.

[5chipper] 03/2/2022 07:54

Will be interesting to see the March divi level to be announced during first half of Feb. Considering current prices pretty certain it will be above the previously stated minimum threshold…

[cashandcard] 03/2/2022 07:46

Two points, firstly, this is a good way to encourage major shareholders to stay onboard and invested. Secondly, this will deter short sellers as they will have to cough up Divi on what they borrow etc.Cash

[spawny100] 03/2/2022 07:44

If it was such a great idea the whole ftse would be doing it. As I said it's silly extra admin expense with little point.

[basem1] 03/2/2022 07:43

Great idea I love it It will keep shares in sticky hands too A few times with stocks I have sold stocks before the dividend and bought back at a lower price allowing for the dividend. No incentive to do that now

[divmad] 03/2/2022 07:42

But why are people getting excited about a 7% dividend, paid in 0.7% increments, when the bigger animal in the room for everyone, the future for Serenity, remains cloaked in secrecy/uncertainty?

[edgein] 03/2/2022 07:37

Sporazene,

I don't think so, I think the special divis are now no longer needed, they'll now have flexibility to pay higher dividends on any given month depending on NOI and oil price etc.

Regards,
Ed.

[edgein] 03/2/2022 07:34

Good stuff to see the monthly divis here:

"i3's predictable, low-decline assets continue to outperform management's expectations, and the Company is forecasting robust cash flow generation from its production business following an intense period of accretive growth since its mid-2020 entry into the Western Canadian Sedimentary Basin. Upon review of its corporate dividend policy, the Company's board of directors has determined that moving to a monthly dividend payment will expedite the return of capital to its shareholders, enabling potential reinvestment and improved returns during a time of market strengthening."

Because the assets are outperforming the management's expectations during high oil and gas prices they're switching to monthly payments of divis for the rest of the year starting next month. We already know how robust the NOI forecasts are at lower oil and gas prices than current, so anything that accelerates payments to us greedy shareholders the better. Since I'm expecting NOI to exceed forecasts I'm all for this new strategy. Every payment back reduces the share average here, and given the production growth anticipated here I expect that to accelerate. Shareholders are getting rewarded for company performance, the only ones that would think this is bad are those that don't hold.

Regards,
Ed.

[jungmana] 03/2/2022 07:32

Paid monthly, quarterly or bi- annually makes little difference to me .

[sporazene2] 03/2/2022 07:32

interesting news and I suspect this will grab a few headlines and bring us onto some radars, which is needed. I think also sets the stage for additional special dividends, paid annually or semi annually which are realistic given free cash flow generation at the current o+g prices.

[bountyhunter] 03/2/2022 07:31

That could be it.

[eringael] 03/2/2022 07:29

Guess starting in March so 10 payments to December

[markstevenkirby80] 03/2/2022 07:28

Let's have it

[1choip] 03/2/2022 07:26

BOOOMMMM!! excellent rns!

[bountyhunter] 03/2/2022 07:24

"10" monthly dividends? How does that equate to monthly?

[jaspoland] 03/2/2022 07:20

Bet the registrar's loved the idea of a monthly dividend payment. Oh and the post office for those not holding electronically. Quarterly would have been acceptable imho

[the patriotic irishman] 03/2/2022 07:17

haha that should keep quite a few of the LSE shysters locked in 😉

lovely jubbly 👌

[ntv] 03/2/2022 07:16

Never heard of a company paying a MONTHLY DIVIDEND before. Certainly a way to get the income funds attention. Might even take out some share price volatility.

[farukequity] 03/2/2022 07:16

Love the idea of monthly dividend. Non-conventional but very welcomed.