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Ark87,
I’ve added some PTAL to my portfolio, recent high of 62p on 8th June same day as I3e hit 32p
It’s now c46.5p, 28% of its highs in a few weeks, looks to have dropped on oil price like many others, Should be news regarding well this week and probs looking at divis for shareholders.
It’s just a small buy, it will move I’m hoping significantly on oil prices and well success, either that or one will cancel the other and back to all square.
O&W As did I, 2 trades of 50k, I didn't think I would add to an already considerable holding, however this is now right on a compelling price to buy and a 7.2% yield. Recession might be hard but its going to take a lot to see that return in a savings account, not to mention the shares give a shot at serenity as a huge boost, or Canada as continual growth story.
Delivering a nice 7.27% yield if you buy shares at todays price.
Wise words older. 100% agree. Will be looking to add here, the yield continues to be turbo charged..
Stas20, agreed. I'm just putting out there the possibility of a further drop in the POO with a global recession, which is probably happening right now. But equally, I believe in the fundamental story here and the huge embedded value to an income investor, with the yield available now at 7% gross. So I just added.
That’s normally true fairdealer but is it now?
There is quite a gap between supply and demand, so even with a drop in demand it might outstrip supply.
This is a problem that has been 8 years in the making with underinvestment in O&G. We face a recession where it’s not necessarily true that energy prices will fall. Clearly a recession is not great for demand, but I don’t think it will be catastrophic for O&G companies this time (famous last words).
Global recessions have a habit to impact on base comodity values...demand falls below supply. Energy supplies are not exempt.
O&W I don't see oil hitting $70 dollars at any time in the near future, I have greater concerns for the SP due to recession however, if you are not trading then just sit through the ride and take the divi is my approach. Looking at Canada which was down at 10% at one point last night (closed down 5%), I expect another bumpy ride today, however one thought, the lower the sp goes, the higher the yield on your investment :)
Go with you on the bottom line prospects here, and the daily sell-off has to be panic or necessity reasons in this volatile market. I made a move out of another surprising loser to consolidate here - not in your kind of volume - and the late drop in both is temporary IMHO. Toughing things out may be a compulsory strategy now.
Isdeer, the dividend will stay constant as long as the POO doesn't back off to the $70 level again in this global recession. That's essentially the starting point last year for management's dividend declaration level, subsequently increased.
Yep the divi on my 4m shares comes in quite handy every month isdeer :) I've been rolling it into another AIM play where I've now sunk over £260k, so quite committed on that one as well. Its why I'm down to 4m shares in i3e - I sold 750k shares to go after that opportunity. Timed it wrong so had to average down and ended up building a bigger than expected holding. Hoping it wasn't the wrong decision and I can start to shift some money back this way in a few weeks. I'd like to get back up to 4.5m shares before the quarterlies and the drill news starts to trickle through. I may even move completely back in here. Really depends on what the other company has to show with their next monthly results. I still believe O&G is the best place to be, and we haven't even moved to Winter gas pricing yet.
SP at the moment is a complete head scratcher. But nothing like it was during the 10-12p days. At least we're closer to 'fair value', even though a good 50% off where we should be. It seems the market panic sells everything when general sentiment is quite negative. We just need to ride it out. At least we get a nice income stream while we wait for things to improve. There's certainly far worse places to be at the moment. AIMHO GLA
G G G, that’s one big divi mate 4.75m x 0.1425 x 12, do you need a general dogsbody/helper.
isdeer thanks
I have been buying since 7p to 10p range days, hence why i am so confident that we will see 50p+ sooner or later
It's just a matter of time then Boooooooooooooom
Fundamentally I3E is the cheapest, strong safe oil company out there
TSSZ,
I wish I had the resources to buy more at 25p, can’t see it here for long as oil price is moving up.
Hopefully it holds until your money clears.
I got a large amount of money that will be cleared in the bank tomorrow, so i am hoping the SP stays here for 1 more day, so i can buy big tomorrow
When we are at 50p +, PI's will look back and think DAM i wish i bought more at 25p
So - out of BP for a few k as they have long gone ex-divi with payday tomorrow - and into i3E at these current bargain prices. Shrewd move??
BP and Shell have gone positive
I3E is now oversold big time, these prices are ridiculously low, I would have never imagined bargain prices like this
excellent time to top up or buy
ARK87 I think you have made the perfect point that they are both undervalued I mean for i3 to be down over 20% from it's recent highs and PTAL around 25% it's like someone is treating these shares like a leveraged oil fund.
It's just an oil re-rate for now... New base is $109/110.
Everyone panic sells... Lmao...
Oil will head higher then the $120's
Relax everyone and hold
Add if you can .
GLA
ELSteve - I beleive PTAL is mostly oil and making absolute bank, significantly more then us but politically unstable . Both massively undervalued.
I think some people have got themselves too short on fear and wouldn't be surprised to see a short squeeze here. Fundamentals are that oil and gas usage are going up year on year and the recent volatility is I feel fear driven. Interesting to see that PTAL has a larger market cap than i3, considerably more debt whereas i3 has none, seem to both produce roughly the same amount and i3 operates in a much more politically stable environment. These are very quick fag packet observations so forgive me if I am completely wrong but in my mind highlights that i3 is fundamentally undervalued.
Agree Ark. I think the Q2 results will create a re-rate much like PTAL. So I'd expect it to get us back into the 30's even form down here. Serenity is the big question mark. If we get a lot of +ve PR, and the Reddit / Twitter crowd descend, then I'm expecting us to be sitting around 40p before the drill results are announced. It's weird that I'm so relaxed about this company. I lose / gain £40k for every penny difference in sp. So it has been a little painful to watch. The flip side however is I'm hoping we sit down here a little longer. I have cash tied up elsewhere, which is currently down 20%, but with an expected re-rate in that investment soon I have a chance to increase on my old holding of 4.75m shares. To be getting paid a 7% divi at this level is outrageous when you consider the value potential. Just a couple more weeks of weakness and I'll be buying back again. AIMHO GLA
Bear trap. Watching paper profits disappear like this is pretty grim but oil/gas still priced very high. Q2 results will be through the roof and the Serenity pump is yet to come.
Whatever happens I3E is still a great share.
Let’s say someone spends 25k on shares, they receive circa 100,000 shares
Dividends on that are £1710 a year or 6.84%, it doesn’t change if the SP goes up or down.
We have a slight blip in oil prices even tho they are still high and expected short, medium and long term to go higher, whether we have a recession or not, oil and gas prices are set to rise.
I think I will stick my money in here rather than have zero interest in a bank, the price might fluctuate but the dividend stays constant, maybe even increases as the cash position of the company improves. Time will tell.
GL all holders
Just had a look at another company PTAL , Petrotal, it’s also making huge profits.
8th June 62.5p today 44p, some very strange goings on with successful oil companies in the last few weeks. Maybe I’m a bit outer limits here but I think the markets are being manipulated as it looks like they want prices down as big boys want back in before the latest spike in oil/gas prices kick off.