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Same here Fangkat 12:05
I've submitted the question about the RNS and monthly dividends to Investor Meet. They were very good at answering all pre-submitted questions last time, so I'm sure it'll be cleared up.
Been trying to get 50k more - cannot get a quote. Even 25k are being refused to buy right now. (11:45 -
Company's may be drilling in areas of known significant reserves in the NS. The risks are never the less, enormous when considering the current and planned tax implications ( under a Labour administration).
Funds are better rewarded in Canada.
Believe what you wish - despite the UK not being the most favourable jurisdiction - companies are still drilling and developing assets in the North Sea - even assets of the scale of a Tain + Serenity.
I'm pretty neutral on Serenity - if i3e decide to drop the licence - thats ok by me - if they decide to keep it and try to extract some value - so be it. I trust the BOD to make the right decision and imo they wont make that decision until they see what happens with Tain.
Good news for those wanting to top up with May's dividend.
Just taken 50k at 10.64p what a bargain!
Believe what you wish. The Political dynamic is an enormous barrier to most E&P Co's in the UKNS. As it stands IMO, Serenity is almost dead. I3e can better invest in Canada.
i’ve decided to sell. i’m not happy with the direction of travel and the vagaries of yesterdays rns. i can see this drifting down. really ****ed off.
good luck chaps.
Yes it’s really unclear what’s happening here Tony.
Always been my concern what’s the strategy and the real prize.
It was mentioned on the Europa BB but not picked up on here from yesterdays RNS:
The Company continues to evaluate development options for the Serenity discovery in consultation with its partner and the North Sea Transition Authority. There is NO CAPITAL BUDGET associated with this work in 2024.
what does this mean:
1) They dont expect to pick up the Tain Licence this year ?
2) They plan to pick up Tain and sell off Tain plus Serenity without an approved FDP. We've previously been told that they need to reach FDP stage before the licence is worth anything which would mean they would need a budget.
3) Drop the licence if they do not pick up Tain?
A reminder to posters here to sign up to the "Investor Meet Company" podcast if you want to ask questions. The platform allows you to submit questions in advance.
Me too, I’m adding at these levels, took 50k at a smidge under 11p yesterday.
That’s good enough for me.
Directors should be buying in here big time
People who bought in the 9p range are dumping and going elsewhere for another quick 20%. Gas is already on the upwards trend and this should be higher in 6 months.
It was a good spot Jmort but I suspect it is a typo. If it was intended - I would have expected them to cover this under "highlights"
Brokers increase target to 21p from 16p on new drilling programme, sp falls 10% 😳....markets can be irrational at times
''Gas prices are expected to strengthen dramatically based on the futures market pricing. Oil prices are robust and likely to strengthen further in our opinion. We believe that i3 Energy has consolidated and is now maintaining its balance sheet in
preparation for scaled up growth in order to produce into a significantly higher natural price. Our updated fair value estimate of 21.2p reflects our positive appreciation of i3 Energy.''
https://twitter.com/surprised_trade/status/1783503677832990790
Concerns are showing up in the futures market re gas prices. The contracts for next winter are the most expensive on the curve. Like in Europe, most of the Asian LNG buying is done during the heating season in the northern hemisphere
https://twitter.com/surprised_trade/status/1783539479178776630
Most shares ...that should be
Broker raises target to 21p from 16p...often seen as good news in mosr shares and by holders , certainly no downside 😉
Well spotted. Cut and paste job?
I don’t know if it was commented on here yesterday but did you spot the first sentence in the “Return of Capital” section of the RNS? It stated:
“As part of its total return model, the Company remains committed to delivering a sustainable monthly dividend to complement its organic growth profile.”
Note the word “monthly”. Is this a copy and paste error from a previous RNS or a hint at the future, made possible by the new debt facility meaning the previous restrictions no longer apply?
Stas20,
CAD 2.21 /mcf CAD 3.18 /mcf - These are the numbers that WHI use in their forecasts for 2024 & 2025
For a bit of context, the actuals in April and YTD are CAD 1.47/mcf and CAD 2.23/mcf (AECO)
In my own spreadsheet which I Update monthly with actuals and a reforecast for the remainder of the year – I come up with CAD 2.37 for 2024
So, in short, as things sit right now – WHI’s numbers look reasonable Imo but could change significantly in either direction. May is typically the weakest month but I’m using the same number as for April and progressively strengthening month by month until I get to CAD 3.17/mcf in December (CAD 3.00/GJ).
Its anyone’s guess where gas will be in December – will Canada still be oversupplied with record storage and production or will demand increase with Oil sands and LNG Canada boosting prices significantly higher? My pricing assumptions are based on the later.
And wti touching 84$
I was expecting some m & a to accompany the capex. Undeniable that Majid is playing a long game. It's a healthy yield.
I3e is now a safe boring divi stock. A solid buy but nothing to get excited about especially with party pooper Majid at the helm.