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Reckon Vista is on the wrong board and that was meant for PTAL - we are talking about GTE NYSE listing over there.
Nyse listing?
Was it not the case that they had to have a reverse split (consolidation) in order to satisfy the NYSE listing rules just like DEC had to do last year? Can't list with a share price less than $1.
Natural gas up 5% tonight
Trans Mountain Expansion: A Game-Changer for Canadian Oil Prices
MEG Energy sees the expanded pipeline raising Alberta's crude prices "for years" to come, executives said on the company's earnings call this week.
With improved access to global markets, Canadians can look forward to receiving higher value for our energy resources, meaning more money coming back into the economy," Lisa Baiton, President and CEO of the Canadian Association of Petroleum Producers (CAPP), said.
Alberta's government expects narrower discounts for Canadian crude and a surge in oil production in the province, thanks to the expanded Trans Mountain pipeline.
In its 2023-24 Mid-year Fiscal Update and Economic Statement at the end of last year, the government of Alberta said that "The completion of TMX in the second half of 2024 will help bring the differential to around US$14-15/bbl in the next two fiscal years."
Only two fires in Alberta of significant of which the fire department seem to have under control with light rain on one of the sites.
What size is Alberta compare to Britain??
Alberta (Canada) is 2.72 times as big as United Kingdom.
Very funny, good to see there's no concern from anyone here.
One forgets GGG doesn’t want to pay 10.8p a share more like 9-10p
Nomad, you may download the report from the i3e website:
https://i3.energy/investors/analyst-coverage/
Anyone got access to the new tennyson report? Called "out of the woods".
Slater Investments accumulated in #I3E last year - amongst other noted fund managers.
https://twitter.com/edcroft/status/1790009918356869358
G , just layer your buys back in gently and hold on for the takeout back end this year, imv
Anyone concerned about the Canadian wildfires being reported early this year? They were covered in a BBC article on the weekend. Not centred in Alberta, although it did get a mention.
Hi @surprised_trade
I've been taking a closer look at I3E over the last few weeks.
Given the $50 million drilling budget, I see the company exiting 2024 at a much higher boepd rate than is currently forecast.
There are some signs of life in the NG market as well. All promising for the company.
Hope to cover it in an article one day
https://twitter.com/KeelanCooper7/status/1789995580384493705
Stockopedia ranking increased to 90 as it joins a few others in the pf on 90+..........broker has 21p target..
https://twitter.com/surprised_trade/status/1789989860566094246
According to the BOE Report Website, I3E have just recieved their 1st Licence for this years drilling campaign - it could spud pretty shortly.
GLAUCONITIC SS WILLESDEN GREEN 12-33-041-05W5
Tony, I do enjoy your posts and agree that I have been silly at times on this message board compared to CEO dot com and Twitter etc. I will virtually shake your hand and leave the silliness behind.
“50% undervalued, and not sure what catalysts this team has to get the market to give it the valuation it thinks it deserves.”
canuck, enough of the negative bull****. did you listen to the webinar earlier this month? montney and clearwater drilling campaigns are starting later this year and will be ramping up in 2025. please just cut your loses and sell and buy $cnq. $ite laid out some very clear and realistic catalysts. not to mention that they are hedging 2025 at $3.40 or 3x current strip!!
Https://1drv.ms/i/c/0c8247dcfb29aa84/EW_aNief5m5Oo8EEeDJCyAcBOTKqD3ecypft1uW0ri6miQ?e=rRjmRL
This graph supports what I said below - i.e. that PDP values are dependent on the assumptions / price decks you use so if your comparing valations against peers - calculations should be made on the same basis.
As per graph - I3e trades at 60% of PDP where as the median company trades at 130% of PDP. Assuming that we should trade at the median (+/-), this would put us a lot closer to the 20p valuation that i3e stated in the podcast
"50% undervalued " - Maybe, maybe not. i3e in their recent podcast stated that they traded at 55% of PDP whereas peers traded at 100%. On that basis i3e claimed SP to be worth 20p on a PDP basis. Tennyson have done their own DCF calculation so you you would have to check calculations / assumed Oil & Gas pricess vis a vis peers to ensure its a like for like comparison.
The chart is setting up very nicely IMO.
Interesting read.
Calling for 38p price target, on 2P basis and Brent $65 and AECO $3/mcf (USD)
On a PDP basis price target is 15p. In Canada gas weighted names are valued at PDP, so 15p is the number to look for, not the 38p.
50% undervalued, and not sure what catalysts this team has to get the market to give it the valuation it thinks it deserves.
'The data you are quoting I assume is from the AIF - thats only available through SEDAR correct ?'
As I stated, it is all from the AIF: no need for you to assume!
And the AIF, although required by Canada and released through SEDAR, is on the i3E website.
Try https://wp-i3energy-2021.s3.eu-west-2.amazonaws.com/media/2024/05/i3Energy_AIF.pdf if you can't get through SEDAR.
Just noticed a 134k buy @ 11.32p early doors here today - director buy ??
He may have referenced access to capital but he most certainly talked about the cost and regulatory burden of a main market listing.