I3 Energy Share Discussion Threads

[amch] 03/2/2022 23:37

Local issues have been resolved in Peru and the company is fully producing now.20kbopd (all oil), and should rise to 25kbopd in the next few weeks.Both I3E and PTAL are fantastic value.

[amch] 03/2/2022 22:02

Great to see this move from I3E.Dividends are what will drive share prices.PTAL is very interesting. Huge cash flows. One of the large institutional investors is pushing hard for dividends. They held a live twitter q&a tonight and spoke about wanting a $150m dividend this year and going forward, equal to a 40% yield.

[goodday1] 03/2/2022 21:46

Canada closed on 0.285 Canadian which is, wait for it, wait, wait17pYes17pAny chance of 9p? BlessPoO running.Gl all

[mattybuoy] 03/2/2022 21:19

I think it's great that I3E are doing this.

A monthly dividend used to be the norm with Canadian oil companies. It is slowly coming back over there now that the long oil and gas bear market appears to be over and the cash is flowing freely again.

The other thing they might consider is a reverse split. Many institutional investors in North America are prohibited from buying stock priced at less than $5 for some reason, regardless of the market cap.

[ntv] 03/2/2022 19:52

You will have to be a holder at each XD date to get each individual dividend amount

[pjackson2] 03/2/2022 19:45

Will this mean we get ten divi dates or just one as normal and you will still get ten even if you have sold them part way through year.

[goodday1] 03/2/2022 19:12

Brent crude over 91 dollars & WTI crude over 90 dollars.Has down by 10 per cent.Yet no sign of this BB plonker.Over 1 million share transaction.Gl all

[spangle93] 03/2/2022 17:41

I'm not missing him/her, redhill, but if they were here, I think it would be worth drawing attention to the respective most recent acquisitions

From presentation, I3E acquired Cenovus's assets with similar outstanding metrics to their Canada entry in 2020

Status: Operator (83%)
Production ($/boepd) $6,381
Reserves ($/2P boe) $0.68

Kistos in Greater Laggan
"Kistos expects production from the assets to be acquired to average approximately 6,000 boe/d (net) during 2022 with 2P reserves as at the effective date of the Acquisition of 6.2 MMboe (operator’s estimate)". Cost $125MM, potentially rising to $165MM

status: 20% minority interest
Production ($/boepd) $20,833 (assuming no rise)
Reserves ($/2P boe) $20.16

Of course you could add caveats. Benriach exploration is not factored into this, while not all Cenovus's assets were onstream, so would require more time and capex. Nonetheless, I3E decom commitments would also be lower.

Overall, Cenovus acquisition seems a great piece of business as each day passes and the unit prices rise

[goodday1] 03/2/2022 17:32

I am not sure, mate.Either gone with the wind or the silence of the Lamb?Can anyone say where our resident plonker went?Could we have RNs every 3/4 days?Best of luck to all holders.

[36redhill] 03/2/2022 17:13

Where's Fangle

[hoper1] 03/2/2022 16:47

Forget 9p loafin'. Even at these prices you'll be getting a 7 per cent divi plus loads of potential price gains!

[loafingchard] 03/2/2022 16:39

Indeed, I'm still waiting for my entry @9p . Beginning to think Fanny's investment advice is not all its cracked up to be.

[spawny100] 03/2/2022 16:21

Going to breakout last 10 mins I think.

[markstevenkirby80] 03/2/2022 16:00

The breakout button needs to be pressed

[goodday1] 03/2/2022 15:53

Move over to kist, mate.Or go into non-holders deramping trolls bin?Your choice, Baby.LolI think we are going on a run.Gl all

[texaschaser] 03/2/2022 15:41

Exhausted. No bags left. Ramped too much.

[goodday1] 03/2/2022 15:30

i3 will declare its first monthly dividend during the first half of February for payment in March.The above from today RNsSo RNs in next 8 sessions.Canada on 27 equates to 16p.The Abbott, are you taking the....HahaGl all

[pjackson2] 03/2/2022 15:21

When is x divi date

[goodday1] 03/2/2022 13:48

Over at Kist they are waiting for Malcy to put them out of their misery.Some people beyond help.I do feel for the holders.----TheRealMeowth, Posts: 1, Price: 374.00RE: Malcy's responseToday 11:00Looking forward to the Malcy interview, Andrew Austin impressed me with his last one and I imagine him being able to convey his reasoning and strategy going forward will ease any of the concerns some may have, AA is a smart cookie.Gl all

[markstevenkirby80] 03/2/2022 12:53

Come on let's go for a run

[goodday1] 03/2/2022 12:46

That is why I am invested heavily here.I work on 65 dollars & 2.75 dollars oil & gas.Thank you, Tony, please do post such nuggets here as well.Gl all----tonynorstrom1, Posts: 2,244, Price: 15.20RE: RNSToday 10:42I think good news for investors and should support the share price - a good piece of thinking outside the box by the BOD imo although i'm sure some will find cause for complaint.Just to demonstrate how progressive and secure the dividend should be - I plugged in $55 and $2.50 (Oil & Gas Price) to see what would happen if there was a bit if a down turn - if i3e slashed Capex to $12m just to cover maintenance and increased the payout to 40% (which they have discussed before) - then they could still payout this dividend and have cash left over to cover debt repayment. Quite a margin of safety and not many company specific risks short of an accounting scandal.

[highly geared] 03/2/2022 11:50

I3E is UK listed so no dividend withholding tax.

[goodday1] 03/2/2022 11:42

Unfortunately, it will take me years to move all our holdings into all the ISA's accountsI am still happy with that.Next update operational update & the hopefully North Sea.Gl all