I3 Energy Share Price (I3E)

“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.