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Share Name Share Symbol Market Type Share ISIN Share Description
I3 Energy Plc LSE:I3E London Ordinary Share GB00BDHXPJ60 ORD 0.01P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 20.15 2,277,831 16:35:23
Bid Price Offer Price High Price Low Price Open Price
20.10 20.35 21.05 20.05 20.15
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 86.76 25.74 2.84 7.1 240
Last Trade Time Trade Type Trade Size Trade Price Currency
17:56:01 O 64 20.15 GBX

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Date Time Title Posts
04/2/202317:57I 3 Energy28,398
04/2/202310:01I3 Energy - Growing production and Dividends with Exploration upside.3,264
17/12/202209:40Buyout27
02/12/202211:02I3 Dividend payment amount confusing me30
19/1/202222:25i3E - How much profit for 10.000 boepd 4

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Posted at 04/2/2023 08:20 by I3 Energy Daily Update
I3 Energy Plc is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker I3E. The last closing price for I3 Energy was 20.15p.
I3 Energy Plc has a 4 week average price of 20.05p and a 12 week average price of 19.42p.
The 1 year high share price is 32.70p while the 1 year low share price is currently 14.85p.
There are currently 1,192,731,373 shares in issue and the average daily traded volume is 4,117,698 shares. The market capitalisation of I3 Energy Plc is £240,335,371.66.
Posted at 04/2/2023 10:01 by the abbot
In the interest of transparency, I noted a particularly interesting post by Tony on the other thread, it had a message for RoundTheWorld that I feared he would miss so I have copied here.

RTW no need to thank me, just a genuine chap like that. BTW I recommend a Rustler 36

----
So Lecture # 2 and this is specifically for Roundtheworld (as he seemed to be particularly confused)

Hedges - refer to pages 29 & 33 of the interim report. All the hedges are listed. If you tot them up - i3e have about 42.5 GJ per day of gas hedged in Q1 equating to about 55% of production. As far as I can see just about all of them are in the money in February. So what this means is that not only are i3e selling at the monthly index , they make a gain on the hedge in addition to the CAD 3.80 price they receive in February. (are you with me so far Roundtheworld)

As an example - one of the hedges is for 5000 GJ at a floor price of CAD 6.50 and Ceiling of CAD 9.33.

So lets round up the February index to CAD 4.00 to make the maths simpler to follow. What this means is that i3e make a gain on this hedge for the month of February of:

5000 x (6.50 - 4.00) x 28 days = CAD 350,000 !!! Not all of them are up to the same extent but the're all up as far as I can see on the remaining 37,000 GJ.


Does it get any better than this !!! - So in short i'm not sure where all the histrionics are coming from on the complete collapse of gas prices / i3e's revenue stream.

When Roundtheworld had time to absorb all this information - i'll post Lecture # 3. His head is probably spinning by now so I will leave it a day or so.

Posted at 02/2/2023 22:54 by tonynorstrom1
AberdeenAndy,

How does being down beat on a stock automatically make you a realist. A realist looks at the facts and figures, compares against industry metrics and puts them into the a proper context.

How is $76 oil a big risk for i3e - its a historically high price - i3e are printing money at this level. So its not as high as last year but its still pretty decent and combined with the significantly higher production i3e is still very cheap.

Have you run the numbers to see what the Cash Flow to Enterprise Value is at current prices to back up your assertion that the share price is not supported. If you have not done this exercise then your comments are nothing more than hot air.

Posted at 01/2/2023 08:21 by diarybeach
Maybe Premier Milton and other ii’s will now become buyers and push the share price back up to 30p in the blink of an eye bringing in more private investors along the way and creating a new 28p floor for the share price before a 38p push coinciding with a re-rating and higher oil price which are both coming.
Posted at 01/2/2023 08:12 by goodday1
Further to tonynorstrom1, Posts: 3,177Price: 20.95, RE: Miton selling, Today 02:03 on LSE, which is very succinct.If we are big holders here or in another share and we sell at the highest possible price without a thought to the share price after we sold out.FFS, their selling resulted in 119,283,488 holdings.They have 23 plus million pounds/reason to keep the share price going & see i3e flourish and collect the dividends.Just take a chill pill & worry about real things not functioning as they should all around you.The same goes for all other major holders.Gl all
Posted at 18/1/2023 13:38 by moonshot3
Thanks Tournesol. The fact that I3E has a 30 year life inventory does not necessarily mean that I3E will choose to develop it all. If I3E believes that a "good" oil market is only going to last say 15 years, I3E could sell say 50% of its inventory in an asset sale. I take some comfort that the market currently values I3E on a 3x cashflow basis (3 years of good cash flow) and energy transitions in the past have taken circa 50 years to complete. I3E in a good place in that it can potentially sell some of its inventory (maybe the part which would only likely be exploited in 20-30 years time.
Posted at 17/1/2023 12:30 by ashkv
No value for Serenity in I3E share price... and hopefully some news soon..
Posted at 17/1/2023 09:07 by ashkv
I have held I3E since Sep 2021 - and average price was 13.55p for my sale of 66% of my holding at 28.65p in late April 2022

I topped up at 21.969 in Nov 2022 (updated average of 16.58p) - expecting news of higher exit production in 2022, reversion overdone sell-off post Serenity appraisal dud (which in my view wasn't priced in) and positive management guidance for 2023 to boost the share price.

Alas it appears the market has become agnostic of I3E prospects and the share now seems to be bottom surfing / market wary to add even at these low levels.... As the CEO conveyed I3E is woefully undervalued compared to peer Canadian E&P firms...

Is there something we are missing?

Also champ I don't generally invest in one trick ponies - however if the risk reward is skewed I will take a punt....

I3E is a good company but now appears to have become an overly boring company with market likely assuming a flat year for energy prices and focusing on high sustaining capex of I3E...

Posted at 17/1/2023 08:54 by ashkv
Hi Sunbed appreciate this - but market is not rewarding production uplift, increased dividends etc - very frustrating.

Also management presentation / was in combination with 2023 Outlook RNS which also didn't motivate the market as to I3E promise!!! I3E share price has even been non-reactive to recent Brent strength - appreciate North American gas has been on a down drift but now appears to be perking up - unlike I3E share price :(

What are the 1-3 month catalysts for I3E in your assessment?


sunbed44
17 Jan '23 - 08:34 - 27750 of 27752
0 4 0
Ash / if you tried to trade this on the basis of a CEO presentation you seriously need to review your trading strategy.
You say flat day in day out but we are growing at near on 10% year on year with no share price growth.
SP growth will be driven on many fronts over the next 12 months-
1 13% growth in production from 19 fast low cost quick payback wells
2 significant reserves to be booked
3 high probability of new deals
4 retaining very minimal debt
5 very high probability of rising commodity prices
6 if point 5 above happens, significant dividend growth in Q3 / Q4
So there are a few catalysts for share price growth for you.

Posted at 15/1/2023 21:03 by sunbed44
Just listened to the recent presentation hTTPs://youtube.com/watch?v=AM_HoLLGxH0 and the more I listen to it the more confident I become bout i3E giving me share price growth and also dividend growth. Loads of brilliant take-outs and too many to mention. But here's 29 minutes 20 seconds - we can fairly conservatively offer a dividend that we are confident that we can maintain and progressively grow.This is gold dust and as has been said on here recently, even with no share price growth or dividend growth (static at 22p and 2.052p) on current maths and dividend reinvestment any investment today would double in 7.5 years.34 minutes 50 seconds - any growth in commodity prices (I assume from $80boeUS and $4.5aecoCAD) will allow us to grow dividend even further. I really expect to see commodity prices rising by Q3 and another hike in dividend payments.So another 20% dividend increase next year (only circa £4m to i3E) to 2.4624p would equate to a yield of 11.2% for shares purchased at 22p.Initial investment would then double with dividend reinvestment in 6.4 years.You certainly dont find many very low risk (comparative to other /O&G companies in other continents) companies with excellent share price and dividend like this one.I can certainly see this share being 60p in 2 years time and still paying >7% dividend.Loving being part of this very exciting journey and hats off to this in from 5p.
Posted at 15/1/2023 15:25 by cashandcard
doughcyclone,Yes generally that's what happens with most divi stocks that have no other limiting factors.The major limiting factor for oil and gas shareprices which affects i3e is the declining pool of potential large institutions and funds - that is being seen now and will get worse in the future. This is due to ESG concerns and they just won't invest, whatever the KPIs or returns are.Which means i3e and other small oil and gas players are competing for a dwindling pool of potential large investors. Therefore have to offer much higher returns to entice investment. A move that could become unsustainable pretty quickly. As Tournesol mentions below, the increase in production and dividends has done nothing for the share price - because the market that values the paper is for better or worse, not as interested in Oil and gas as it once was In short, dividends can only address the value disconnect upto a certain point before they become unsustainable.Therefore, there is one final course of action that takes control away from the market at large and tangibly forces change on the companies paper - buybacks. Buying back and cancelling shares forces EPS improvement on remaining float - and higher dividends for remaining shareholders without having to increase annual Divi payout by a penny. Although costly, they must go down this avenue if they want to attack the disconnect.Cash
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