I3 Energy Takeover Rumours (I3E)

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I3 Energy Takeover Price

I3 Energy Takeover Forum Posts

Yes, the rise into close was good. Circa 250K UT trade to close out with, there is a large buyer in the background (wonder if its Bybrook)...... If Bybrook are buying more again, and we see another TR-1 ahead, I will assume the following whether it be right or wrong : Someone has said to Bybrook "dont sell, we want to buy I3E and so, keep your holding and keep adding to it, we will approach you soon to take the whole lot and make a takeover offer for I3E"...... There has been plenty of action in Canada already, with the latest being Journey Energy who snapped up more production yesterday. https://www.journeyenergy.ca/prelease/122591/ .
AGM takeawaysSee themselves as a takeover targetNeed a bigger mcap to attract larger institutions.Aware how undervalued we are to Canadian peers.Awesome result at serenity would be 40ft of sand... but anything between the current 10ft & 40ft aim would give a whole host of decent options.If good result, serenity will need another appraisal next year.Plenty of drilling options to maintain current production.Have debt available but not currently needed.Buy backs are being considered but didn't seem a priority yet.No coffee of biscuits provided, I was gutted pmsl :-)
Jeez, this SP fall has all the Hallmarks of a Takeover bid.
Yes 50p or so would lessen the chances of an opportunistic takeover. At 30p it's still easily the cheapest company in the Oil Patch, and the big boys are becoming rather flush with cash. Note recent all-cash take over by Vermilion of Leucrotta (13 kboepd) for around C$500m hTTps://www.vermilionenergy.com/news/news.cfm?newsReleaseAction=view&releaseId=269
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