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May 3rd G-G-G
Interesting that the last investor presentation on meetme was 5th July, also coincided with a director purchase announced on the same day purchased the day before. With around 10% yield, I wonder if we will see the same again. Majid now has 9,875,110 shares, I bet he would like to up the dividend, he's currently taking £101,318 in div's a year, nice!
Is it divi payment day tomorrow? Some incoming cash is certainly welcome after my 6 figure loss yesterday.
From Simply Wall St this morning - an automatically generated report that does not appear to recognize that i3e is an Oil Company and that profit margins are down due to Oil & Gas prices.
Ocassionally they come up with some interesting ideas but often the report is more useful for putting under the cat litter tray in the kitchen!
New minor risk - Profit margin trend
The company's profit margins are lower than last year and have reduced by more than 30%.
• Net profit margin: 10%
• Last year net profit margin: 20%
This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin.
Currently, the following risks have been identified for the company:
Minor Risks
• Dividend is not well covered by cash flows (147% cash payout ratio).
• Share price has been volatile over the past 3 months (7.2% average weekly change).
• Profit margins are more than 30% lower than last year (10% net profit margin).
As for being a long term investor, I've been here since the insider trading days of our failed Nth Sea exploration wells. So Tony and I have been sparring every now and then for years. How long have you been an 'investor' here? Sounds like you're a bit salty about the recent pull back. Don't worry, it's part of being an investor in i3e. You'll get used to it if you stay here for a few years.
bit of a weird little rant there ibb. firstly, i'm not sure anyone on here kisses my feet, and certainly not tony. i'd also say it depends on how you define the word 'investor', but holding onto a stock when it's likely to go down isn't exactly smart investing now is it. i'm guessing you're one of those types who believes 'investing' is sitting in a stock no matter what. thankfully i'm not, which is why i managed to get out in the high teens and buy back in the 9's. you should try it some time.
as for 'doing homework', who gives a ****. it's not about who provides the information, it's what you do with it. i like to read everyone's views on here, positive and negative, and appreciate the workings of people like tony. ultimately it's my call on where to 'invest', and it all boils down to whether you're making money or not. thankfully i've done alright out of i3e. nowhere near as well as i could have done, but nowhere near as bad if i held all the way down to the 9's.
and yeah i like to call my trades, in and out, like many on here. i'll let you know when i start accumulating again :)
Why should Tony or any longer term i3 Energy investors show GGG respect and kiss his feet. He knows little about the company or the Canadian O&G industry en large. He trades in and out of this company on a weekly basis posting his trades like investing is some kind of genital measuring contest. He’s not an investor and warrants little respect from those that are investors and do the homework like Tony.
Hi Tony,
I wonder if you might give GGG a bit of slack. I guess that needs to work both ways but not long ago you rubbed together quite well. What do you think GGG?
RNS is due on Monday. They won’t miss the deadline set of 15th for the capital plan as already late vs other companies but have Q1 behind them so may tie in with an ops update.
Canada starting to sell 😭 hopefully only ex div fall🤞
From memory they like Wednesday or Thursday for news so hopefully there will be a couple more top up days before blast off.
Wouldn't want to be out of it over the weekend !
With i3e's record - im sure some will think highly unlikely ! But lets see - a Mondoy morning RNS would not go amiss !
Highly likely Monday is the big news day.
Re broker note - cash generating, valuation gap and significant growth forecast ''..and the best case scenario (2P case) currently offers almost 7x uplift.. With activity set to ramp up over the course of the year we see significant upside for the shares in the near to medium term.''
''It's a cash machine -share price disconnect is truly exceptionally attractive in our judgement, the valuation gap has grown inordinately creating, in our view, an exceptional attractive opportunity''
https://twitter.com/surprised_trade/status/1778691691089625514
Yep you could be right on the share front.
Over 8 million more shares brought than sold over the last couple of weeks.
If this continues we should suddenly see spikes and many more bluey days
Further to Tony's AECO post@ 9:22
https://oilprice.com/Latest-Energy-News/World-News/Texas-Natural-Gas-Prices-Are-Negative-As-Drillers-Chase-Oil-Sales.html
Majid has played this well, flagging mid April for potentially transformative news timed to follow the dividend.
Good luck with price target GGG!
Volume looks the same in Canada to me 3LBs. Just a little more upward buying pressure over the pond creating a small disconnect. Agree it would help to get some more coverage over there Vernet. Still holding out for sub 11.5p. GLA
Getting a Canadian institution declare a holding would be a big plus.
Plenty of buying in Canada over last few days. Is word finally getting around? Somethings up.
The market is rightly looking 6 months ahead
I think we might see a share price bounce tomorrow. I was hoping to pick up a few more around 11.50 but I’m not counting my chickens now. I also think mm’s could be short of shares.
The share price is holding up remarkably well considering its ex dividend and AECO is in the toilet. Below are the average AECO prices in CAD / GJ. The good news is AECO typically bottoms in May and rises from there though the end of the year. Storage volumes are way up but we also have commissioning of Kitimat in the coming months which will draw gas and LNG shipment before the end of the year.
IMO the SP should rally pretty strongly in the coming months.
9th April CAD 1.33 / GJ
April CAD 1.54 / GJ
Mar CAD 1.69 / GJ
YTD CAD 2.29 / GJ
2023 CAD 2.50 / GJ
"Apparently C$232,649M were to be spent this year according to the 2022 Reserves Report...but just C$36,630M according to the 2023 Reserves Report. DYOC."
Thanks for doing the work of comparing '22 and '23 reserve reports JoeSoap. Kicking the can down the road has been the real business model of this company. Don't know why they keep boasting about their "total return" model. They stopped growing in 2023. No wonder investors feel they are treading water here.