RE: Valuations17 May 2024 14:53
hi tony, interesting to know about pdp values. have you looked at them by key financial metrics, particularly - ev:ebitda? i know i3e will measure up very well against its peer group, but imagine it lags companies like ptal (which of course has higher geo-political risk).
reckon the last quarter has been the best i've seen in years for i3e from a coverage standpoint. many broker notes, alongside proactive coverage and interviews. it has been excellent, and think this has helped the share price quite a bit in this tough environment. hopefully it continues as we all know what happens in an information vacuum, especially if the next quarter is going to be even tougher. i'd like them to re-look at non-core assets / holdings and continue to scale down. not ideal in current environment from a value standpoint, but it you can do more with the money raised than what it will likely return in future, then bin it off.
nth sea is dead. not just for i3e, but entirely. never seen a government so inept and incompetent, and labour will be even worse for the industry. truly sad for the hundreds of thousands of people directly and indirectly employed by the industry, and for the economy as a whole. absolute ******s!