I3 Energy Share Discussion Threads

[kaos3] 16/2/2022 08:36

PS - looking at the daily chart of i3e - there are some gaps on the way up that could be closed + it usually takes lots of "energy" to break round numbers like 20p.

I will just hold.

but not add - as better opp might arise for the top up imho

just an observation that is prob irrelevant to most

[kaos3] 16/2/2022 08:29

Pretax - I am investing some into the Eastern EU energy - but not directly. In math terms - in the first or second derivative - meaning - I invest in production that needs lots of cheap and reliable energy that gets sold integrated into a final product (at a huge profit) when selling the end product. Those plays are not directly targeted by our politicians and are thriving and expanding fast.

[edgein] 16/2/2022 08:19

Spangle,

We bought here for very similar reasons and have a similar yield on initial buys. Its very nice however that the company lowers our average on every divi paid. I'm going to try to resist selling any of my three largest holdings for the foreseeable future. But if some were to get ahead of themselves it would be hard to resist too.

I3E I see as fairly unique on AIM right now, normally a company this size would be dripping with debt. Also having their assets in safe areas like Canada and NS are a big plus too. Add to that its a growth and income stock with a mix of high upside assets and is still undervalued it would be a hard one to replace in a porty.

My current plans are hold as long as possible for the divi income and watch them advance the Simonette and NS assets to their potential.

Regards,
Ed.

[1choip] 16/2/2022 07:28

sales up, profit up, cash flow up, dividend up and assets up. why would i sell?

[pretax2] 16/2/2022 07:24

Basically Eastern Europe oil & gas supply can’t be counted upon. Why invest in E&P in this region?

[goodday1] 16/2/2022 07:11

The price of oil has been rising not because of geopolitical tensions in Europe, but because "supply-side shock absorbers" are much thinner now, according to Michael Tran, managing director of global energy strategy at RBC Capital Markets. He is calling for major crude benchmarks such as West Texas Intermediate and Brent to hit US$115 per barrel over the summer.hTTp://www.bnnbloomberg.ca/supply-constraints-could-drive-oil-to-us-115-rbc-strategist-1.1723944Gl all

[pretax2] 15/2/2022 20:41

I’m with you spangle.
There’ll be peaks and troughs, but the current rise is backed by the fundamentals, it’s not going back to 10p anytime soon, or ever.

[spangle93] 15/2/2022 17:21

I'd primarily bought here for the dividends, with a bonus of it being undervalued. At 1.05p pa minimum, that's around 12.5% yield on my average buy.

So I don't really have a sell price in mind as long as they keep growing the cash flow, but if it went stratospheric, I think I'd be tempted to bank :-)

[jungmana] 15/2/2022 17:10

Good posts Edgein and Spangle. Thanks for your views . My holding in i3e is about 4 times the money in axl. Not selling any here as said till at least 30p

[pretax2] 15/2/2022 16:39

Nice rally at EoD.
Hopefully we’ll continue making ground tomorrow.

[kaos3] 15/2/2022 15:21

axl - plus they have to make a sell off - to get a capital turbo boost - to build a critical mass faster -

[gusto01] 15/2/2022 15:12

I3e is a cash cow... Which idiots are selling at this price?Morons...

[spangle93] 15/2/2022 14:44

Jungmana

I looked at AXL a while back - obviously now wish I'd picked it as a momentum trade, doh, but apart from size (as you noted), where one well can make a difference, I couldn't really see any benefit compared to I3E.

Divide respective market cap by production, or especially market cap by 2P reserves, and I3E would look a better bet. Add onyo that AXL has half its assets in Colombia, isn't the operator in a number of its leases, and doesn't have the equivalent of a Serenity wild card.

For balance, Mount Teide, a well respected poster on these boards in this sector, is very keen on the quality of the management, who have been there, and got the T-shirt, with previous companies. That is perhaps one advantage it has over I3E, where I believe there remains reticence in trust in management following the North Sea campaign.

[edgein] 15/2/2022 14:04

Jung,

No didn't look at it yesterday, but did about a month ago. AXL has a bunch of small assets, those Colombian wells do a couple of hundred bopd gross. It certainly doesn't have much in the way of scale, not even close to I3E and its 450 deve and re-completion locations. AXL would need one or more interesting acquisitions to have even a fraction of the bagger potential of I3E, if it picks up something interesting it might be an investment. Watch this one go once they start the North Sea campaign.

Regards,
Ed.

[jungmana] 15/2/2022 12:16

I hope a few had a look at AXL yesterday. Similar potential upside at 13p today compared to i3e at 17p imo.Being a tiddler could outperform

[1choip] 15/2/2022 10:06

Look back same time last year, you know something is coming.

[gusto01] 15/2/2022 10:02

Top up time

[goodday1] 15/2/2022 09:58

At this moment of rising share price here.Let us all join hands & pray to this BB plonker.His baby just had an amazing RNs rewarding their value-adding BOD & the share price reacted by dropping down.Thoughts & sympathy with our Fanny.Never mind, I am not going to go on that BB & troll 'em.Gl all

[edgein] 15/2/2022 09:29

Yeah true chaps, folks are starting to realise that this cash cow is going to get a lot fatter. Production growing, oil price going through the roof, game changing assets in Canada and also Serenity/Minos high. Known minimum level monthly dividend looks set to increase during the year. Its an easy hold for the foreseeable future, sort out Serenity and it'll be a very exciting one too. I'm sure there are many rubbing their hands together at the current Brent price.

Regards,
Ed.

[jungmana] 15/2/2022 09:04

My own target this year is 40p and if serenity gets successfully drilled, double that. All imho

[pretax2] 15/2/2022 08:59

As people have been saying, i3e has become a great oil and gas income fund with zero fees and huge scope for upside.
Works for me.
I also like the way it held up yesterday despite a general drop in the stock market.

[goodday1] 15/2/2022 08:35

Picked another 30100 shares.Gl all

[noiseboy] 15/2/2022 08:28

Picked up an initial 12k shares here, love a monthly dividend!

[goodday1] 15/2/2022 08:14

Picked 30K shares at 19.60, I might have another buy!Happy Days.Good Morning & Goodday.Gl all