The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
We're stuck In a weird situation where feels obvious I3E is significantly undervalued and share price downside very limited because bringing in huge amount of cash compared to mcap. Potential upside huge but SP for some reason going down while we all topping up like crazy?! The only thing that makes sense is as long as Oil doesn't crash below $50-55 (seems unlikely and might even break $100) we see huge (200%+) gains in 2022. These statements from Graham/Majid have me feeling very comfortable holding on here.
Graham Heath, CFO of i3 Energy plc, commented:#
"as previously stated, we expect to introduce a measured amount of leverage onto our balance sheet through which we would expand and accelerate the development of our Canadian assets and bolster the Company's ability to capture material inorganic opportunities as they arise."
Majid Shafiq, CEO of i3 Energy plc, commented:
"The third quarter of 2021 continued with an intense level of activity across all fronts. We closed the transaction with Cenovus which added circa 8,400 boepd of production to our portfolio and, together with ongoing optimisation of our pre-existing asset base and some smaller transactions, we have managed quarter-on-quarter production growth and are currently producing circa 19,000 boepd.
We are now finalising our capital programme for the rest of this year and for 2022, following which we will commence deployment of free cash flow into an active, operated development drilling programme, which we expect to materially grow our production base into a very positive commodity price environment.
Aqc888 - Serious discussions 6 months ago with multiple governments and apparently the machine already worked back then. Considering urgency of situation why no orders or updates for 6 months? Seems like for whatever reason there are no significant orders although i'll be happily proven wrong.
look through Promethium's posts he is clearly a devious ramper of some sort good riddance. Any genuine investor will be be showing frustration as the shareprice sits near all time lows after once more Arnab has promised the world.
Arnab is absolutely clueless when it comes to running a business. He makes some interesting technology but at a LOSS to shareholders. Then he is forced into massive placings at increasingly lower prices to pay his very generous wages. He been paid millions to be an outright failure. Started at 51p 8 years ago the chart and endless dilution says it all. Happy to be proven wrong!
Problem we have is OIl stocks are so unfashionable right now. When i tell my friends/family i heavily invested in oil stock they think i'm crazy! We live in world where most prefer ponzi investments like Bitcoin/Tesla/GME/AMC/latest ****coin of the month. Looks like we gonna have to wait it out for the dividends/buybacks because the herd will probably never arrive.
Always appreciate your posts tony. Have you ever had looked at DEC (diversified energy company). I think i3e has been compared to them in the past. They have quarterly dividend which equates to nearly 10% annually i believe i thinking of buying in.
PiratePete - I remember getting incredibly frustrated where we where trading in the 4-6p range for what felt like forever with endless block trade selling holding us back after endless good news and strengthening oil prices. Eventually it sorted it self out and we traded as high as 16p and i think will be similar story . We all frustrated but eventually share price will sort it self out.
Oil 85$ and probably 100$+ next year. This is obviously happening folks with drilling to start March/April 2022 and is currently valued at ZERO. Get your top ups in now before the big boom.
Is it fair to say our north sea assets are currently valued by market at zero even when Serenity drilling looks odds on to commence March/April 2022 as mentioned in the webcast? Oil is 80$+ Seems like craziness to sell before that RNS drops?!
"Agreed terms with farm-in partners for the Serenity field appraisal drilling programme. We await confirmation of funding commitments from those potential farm-in partners before finalising and executing documentation"
Drilling to start end of Q1/start of Q2 2022. With oil prices so high this will almost certainly happen. Remember In early November when oil was 39$ "Terms where being negotiated". Now oil is pushing $80 and trending potentially much higher!! There is no rush to announce considering 6 months away from drilling but this is nailed on now IMO
"Agreed terms with farm-in partners for the Serenity field appraisal drilling programme. We await confirmation of funding commitments from those potential farm-in partners before finalising and executing documentation"
Hope that answers GGG's questions once and for all.
1, Time restrictions on Cenovus deal meant didn't have time to get banks involved who would have needed months of due diligence.
2, i3e cautious making same mistakes of previous owners who gave away valuable assets for peanuts because too much debt/over leveraged.
Natural Gas is currently trading at $5.2 up from last years lows of $1.5. There are predictions it could trade as high as $20 in near future which would be insane and have bad real world implications but seems like a strong possibility.
"Global natural gas prices could continue to go parabolic in the coming weeks and months,” Citi analysts wrote in a note carried by Bloomberg.
Strong demand and a lack of supply response have sharply tightened the market. Any surprise demand surge or supply disruptions could propel price further upward,” the investment bank notes."
I don't know why some see this as a risky share. Either the share price is going to double/triple or otherwise we are going to get a ridiculous amounts back in dividends. One way or the other we are going to make a lot of money.