I3 Energy Share Discussion Threads

[muddyfox0151] 05/2/2022 14:55

R well had a spare 10k at 11p level to trade but whatever still have a big play here long term . GLA

[neo26] 05/2/2022 14:34

Fact is i3e is cheap compared to its peers in canada.Plenty of reserves.Divi paying oil company which is rare in aim.

[the patriotic irishman] 05/2/2022 13:05

ok spawny, its a 'no brainer' 😋


NOT for the far reaching and somewhat (IMO) over stretched share price predictions being bandied about but just for the dividend income alone.


I can tell you there's not many places you can park your cash and get a 10.2% (at time of announcement) guaranteed annual return on your invested capital.


OK (I do acknowledge) as the share price increases the 'actual' dividend % will reduce, however if you factor in any share price increase (as capital growth) and the 'potential' for an increase in the previously announced 1.05p per share dividend payment as a result of a continuing increase in sales revenue (POO on upward trajectory) therefore it goes without saying there will be in all probability a correlated increase in FCF, then it really does become a very simple NO BRAINER.


FYI the vast majority (90%) of my shares were bought in the 4's, 5's and low 6's therefore the currently committed 1.05p dividend per share is actually returning (for me) a tad over 20% on my investment to date and that's without adding in the capital growth in overall portfolio value resultant from the rising share price


can I see the share price getting to 40p, who knows, it 'might' with Serenity success and time and POO ever increasing, but even if it only gets to 20p or 25p in the mid term (lets say 2022 year end) 1.05p per share dividend still delivers you 5.25% and 4.20% respectively and that's EXCLUDING any share price capital growth from the current price.


SO in summary its a BIG (no brainer) hold from me (just for those aforementioned dividends) and yes some will of course say that's easy for me to say when my average is circling 5p but even if I was a newcomer and looking in today, I'd be impressed with the current dividend commitment and the 'potential' for share price appreciation whether it be from increased Canadian production and resultant FCF (aided and abetted by 2022 / 2023 POO trajectory) or a Serenity farm out, a Serenity drill success and future production or even (in the event of Serenity success) a Serenity outright sale.


personally I can't really see any immediate (short term) negatives albeit there is always an element of risk with any investment so always always always DYOR.


anyway GL whatever you and others decide to do

[pjackson2] 05/2/2022 12:46

It’s a no brainier. 😂

[spawny100] 05/2/2022 12:01

I always get nervous when people start with such ambitious short term projections and the "buying x for y" talk as if they're a given! Just waiting for someone to say it's "no brainer"

[highly geared] 05/2/2022 11:58

Jungmana. Exactly, but with rock solid downside protection from the undervaluation of the Canadian assets. Mr Market presenting everyone with a great opportunity to currently buy £1 coins for 50p with material upside thrown in for free…

[jungmana] 05/2/2022 11:47

So we can potentially be seeing 80p valuation within 12 months? That will do for me

[highly geared] 05/2/2022 11:41

Gooddays excellent post below , highlights the tremendous upside here, whilst a material undervaluation remains for our rock solid Canadian assets.

WHI’s latest note has 30p fair value for the Canadian assets. Taking item 3.below, Serenity success on a 50% farm out basis could add c. 50p a share upside, on top on the 30p for Canada. Strikes me as the best risk reward play on AIM.



goodday11 Feb '22 - 08:19 - 22480 of 22690
0 5 0
Thanks for this man workings.
I calling 15p to be gone by this Friday at the latest.
Gl all
tonynorstrom1 on LSE & his famous spreadsheet.



Just a couple of notes to go along with the spreadsheet below:

1) Production is based on 20460 boepd - this is approximately what i3e are guiding to ye 2022 - I thinks its likely that i3e will top this based on lower than expected declines and better drilling results.

2) Dividend based on 25% of FCF and in the range of 1.14p to 1.34p. So a nice jump up but not the double or triple that one person on here mentioned. Again I think it could be higher than this based on higher production volumes and also i3e paying out slightly higher than 25% . The dividend could double if they paid out 40% of FCF which has been mentioned previously in one of their presentation or the readmission document but as I think they want to maintain a progressive dividend - my guess is that they stick at something around 25% and pay any excess FCF in the form of a special dividend or buyback.

3) Note also that oil is less than 1/4 of volumes but about half of revenues. Thats why Serenity could be such a monster if it were to come on stream at 30,000 bopd. If you convert the 20460 boepd into the equivalent oil - it comes out to 8939 bopd. If we kept half of serenity at 15,000 bopd for example - that triples current revenues!

[goodday1] 05/2/2022 07:37

This from LSE should cover it.Gl allbarnyards, Posts: 727, Price: 17.80RE: Sweepstake, prize bragging rightsToday 16:48can you put old giddy up GG down for20p next week25p the week after next30p by end of month40p by full year results announcement50p on Serenity farm out announcementoh and last but not least100p + on Serenity drilling success I think that should just about cover it, however would be a lot easier to decipher their impatient little NEEDS if they would only start using some paragraphs and full stops :-) https://www.youtube.com/watch?v=i2KLyBapfTc&ab_channel=jackanmeUT 17.6p can you believe it, an AIM oil and gas company paying dividends ?its unheard ofwhat's not to like anyway steady as she goes cap'nafter allsome of us are in absolutely no rushoh and don't forgetless is often moretoodlepip x

[neo26] 04/2/2022 18:36

BasemMkt 200m, confirmation news is required in q4 update, with the current oil and gas prices can see this generating much more CF than previously estimated.Eric Nuttal portfolio stocks mkt cap values around 3 times cash flow.What i3e trading at?Currently trading at 18.53p equiv in canada..

[basem1] 04/2/2022 18:24

Unless it's a masterstroke with the dividend of course like yesterday's news

[basem1] 04/2/2022 18:23

Sod the ops update The stock market has taught me it is much better to travel than to arrive I can't understand people craving news when the Sp is flying up News 9 times out of 10 gets sold into

[tournesol] 04/2/2022 17:12

mind you, my last bottle of Simon Bize Aux Vergeless 2005 could well be on the cards.

[tournesol] 04/2/2022 17:11

Abbot

Sounds like claret is your thing.

I’m nursing the last remains of a case of Lynch Bages and another of Cos d’Estournel. Both 1988’s and victims of sub-optimal* cellaring so way past their best now but still delightful. Think I’ll be waiting for 30p before I open either.
I

[hoper1] 04/2/2022 17:07

Tazer - you're so eloquent and your grasp of the subtleties of the English language must be the envy of us all.

[marvelman] 04/2/2022 16:59

Bad grammar, I know, but I would say we were so and remain so VERY right Tournesol :-))..we will all sleep well in our beds tonight and I will certainly be indulging in a glass of wine albeit not quite as classy as the one Abbot has awaiting.

[tournesol] 04/2/2022 16:47

Well doesn't this feel good for a change?Feels like we were right to spot the potential here, right to buy in whilst i3E was flying below the radar, right to hold on when not much seemed to be happening, right to buy more on the dips, right to average up on news and momentum. And now reaping a well earned reward. Having said all that, IMHO the rerating has only just started and has much further to go.

[goodday1] 04/2/2022 16:39

Movers of Friday 4 February 2022 hTTps://www.voxmarkets.co.uk/articles/movers-of-friday-4-february-2022-acce458Have a great weekend.Anyone seen this BB plonker of late?I hear his beloved share will not be back till later in the year.We have Johnson who never apologises & this BB plonker will not come here & eat some humble pie & apologies.One day they will learn that to apologise makes you a better human being.Wow, very good volume over in Canada.Have a great weekend all & Gl all.It has been a Goodday or a good week?All the best.

[goodday1] 04/2/2022 16:24

Canada back again & at 32 Canadian which is 19p.PoO around 93.Volume going through the roof.Gl all

[goodday1] 04/2/2022 16:18

Operational Update for Q4 & dividends declaration coming up.Gl all

[zorija] 04/2/2022 16:14

the abbott, many thanks for your response...