George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
The fact the presentation wasnt updated of course.
We need to ignore Boltok… he’s like the average first liner.
Write one thing. Repeat it everytime you don’t know what to say. Read it so many times until you believe its true.
Please stop clogging this once fine forum part :)
Wow.
So we now have 1000 more oil barrels than Q1 per day and 1000 less NGL barrels.
Q2 production addition is not accounted for.
We got a NOI guidance revision while AECO trades at 2 CAD. No ****. i expect to see at least 10 CAD this winter. But I3 would never say that in a report of course
I would say I3 shouldn’t be accountable for the volatility of the AECO gas which must be the major reason we revisioned the NOI downwards.
Because our BOEs are now more oily and that gives stability.
Anyhow, a steady keep for me.
Finally!!!
Looks very promising and my largest takeaway is:
Production of 19500 in q2 ”despite delays and operational challanges”, I believe I did point out the bad weather back then :)
”The recently drilled wells have been tied in post quarter end”
Sounds like q3 - q4 is in for a treat!
Would love a comment of the cash position but I guess I’ll have to wait until september for that
Very bad timing on that interview… This report really tells why they didnt release a follow up RNS to those comments.
Anyhow 1500 BOEPD of which only 200 is gas is really good. And us trading at 75% of 1P reserves too
Guess we will see a dip today but in the long run there is a lot of room to go up still.
*a side note
Saudi almost officially declared 90 dollars a bottom in oil price and this got oil running up to now above 100 dollars
Wouldnt it be more reasonable oil stocks are spiking upwards on this type of information? Suddenly their reserves should be evaluated up by 20-30% solely on price alone??
I just don’t understand why we are not seeing an RNS with the same information, this is clearly substansial news and should be driving the valuation upwards. Using these promotional channels and not the official is a bit weird to be honest.
Or do they only want to inform their die hard fans?
I really hope I3 placed some hedges this spring. Yesterday AECO gas was in fact negative. According to sources the maintenance carried out had been planned since long and we can clearly see it by the higher american prices while canadas has plummetted.
I know a lot of people like to go unhedged to play the casino but I3 seems to have hedged quite a lot in the past so I would love a positive suprise regarding the gas hedging. A 25% production hedge at 6 CAD would be awesome as a backbone
Please!
Just imagine the change in net revenue as we go from a majority AECO gas to a majority Brent priced light oil… its like a 25/75 mix to 75/25 percent oil
That should do wonders on the financials
MT preparing a perfect storm it seems, great promotional piece, increasing oil prices and news imminent.
Let the run go for real now!
I read at CEO.ca on the AXL forum (not yet reported either however) that there is a 45 day deadline for companies listed on TSX, and 60 on the ventures exchange.
It’s bound to come soon, I still suspect they are short staffed in Canada