Firering Strategic Minerals: From explorer to producer. Watch the video here.
While every share sold is bought, downward momentum is caused by net sellers but also valuation based on oil price etc... I3 Energy are not focused on the energy transition and there is no need to be. But companies who have a rising 200-day average have this in the mix. They also tend to be bigger e.g. Shell, BP, GLEN, Windfarms, mining etc...
It's not the "strenght" of the dollar that has actually been in sharp decline over the last 77 days against GBP but one factor is the strength in the GBP that has been rocketing up since RS became PM.
tony I agree but note our views on Lloyds bank is factored into the share price and *if* the situation improves just a bit the share price increases .
Too much of a dividend is often seen as a trap and we would be competing for shareholders alongside DEC and move sideways with commodity prices. Growth is the key and that includes some buybacks that have to be done around now before the US flip the flow of the strategic resources, China re-opens fully and speculatively recession seen as not so bad due to potentially falling rates and peak inflation. All next year mind. I have added under 20p today and looking for income.
Very useful income. Growth investors get out while income investors get in helped by gas prices.
Here you can see the drop in Russian oil price here: https://tradingeconomics.com/commodity/urals-oil due to the price cap that meant other oil prices has fallen lower if there is even more cheap oil on the market. It kind off plays into Bidens hands again of his oil target closer to $60 and help win the next election as well as reduce Russian income. Clever but can't be maintained forever.
65p support back to June 2021... yeah bring it on. Montara restart + China opening (oil price) in 2023 will should bring in investment. The majors like Shell and BP are still on an uptrend so it is matter of hangining in there while having a diversified portfolio (p.s ENGY and BERI are great diversified in O&G id anyone is interested.)
So what went wrong with the bullish stance... The oil price. Simply not enough investors capitulated. The RSI was bottom but not lo enough. We are nearly or thereabouts perhaps early January. Many believe Biden wants $60 and OPEC want $100 and is the reason why BP and Shell share prices are still in an uptrend despite WTI/BRENT/I3E etc...
In theory yes but can they start to do so on Monday without shareholder approval? If they need approval then by which time the US start to flip flooding the market and the oil price and I3E trade at a much higher level? Have patience and ignore this oil bear period.
G_G_G take a look at JSE where I like the prospects and net cash position. The dividend is poor.
Bunkatron I3 is a retirement one for where I manage my inlaws where it forms 10% of the portfolio (with their content) as well as 20% RICA, 20% CGT and 30% AEI and the rest cash.
Hi marineclark, didn't really hold. I don't have a stop loss at under 70p but this is very much news-dependent. In a way this downtime during a time of oil price decline is probably a good thing. The reason is the oil price negativity has factored in a lot of downside with the economies and rise there to co-inside with the resumption of full production here would be very nice. I've sold HZM that rose 50% and slowly adding those into JSE as well as another.
Just to confirm the 2022 payout was 1.5p so that 7.3% at 20.6p. but that included the 3 payments at the start of the year at lower rates. We only get to 8.35% if we *presume* the 0.143p paid on a monthly basis persists for 12 months of 2023. I3E are still a growth company so I favour increasing production with on a small increase in dividend up to 0.143p a month.
Lovely read G_G_G I am a bottom buyer on HZM but gunnery in profit so had sold around 122p. Back to oil, many do believe we could be near the bottom structurally.... it is also getting very cold for gas.
G_G_G if the divi does not increase you will be selling down to buy what given that Shell and BP yield under 4.5% and we are 5.7%? Perhaps GKP and Petrobas lol? But I do understand your point as shareholders should expect to be paid more for holding a small caps. I think 7% has a nice ring to it. A small increase will happen as to be seen to be progressive but a focus on growth of more oil and gas wells is the priority wherever that may be.
Pound down (good), i3 on TSX up (to be expected cos of pound) and VET up (to be expected cos of pound).
VET's technical are almost a-front load of what to expect here... VET MACD lines crossed a couple of days ago. DEC similar but not as tightly correlated as VET. ITE really does look to go up in the weeks ahead. The price of US oil companies (typically found on SPOG) is high versus pockets of value available including the stuff in ENGY index where I expect money to move into.
We're all basically buying in the danger zone of pretty much every technical of any trader... this is one of those stocks that is so undervalued it will flip extremely quickly on the news for investors looking forward to cash from operations. The director selling is a drag but we have an institutional buyer at above today's price and buy backs.
I don't know Eric Nuttal but he does NOT share the view of I3E who does want growth and not for it to be all paid out like DEC. Anyway, I have to be off now as I have just spotted a lonely tree out the window.
So whos frustrated? Not many. But low volume can be just as powerful a mover of SP as high. I guarantee you frustrated investors are selling here and buying the majors or index or something else. New investors too are being attracted to the majors. What matters to many investors is the past 3 months sadly. This is why a diverse portfolio is important and allows us to add more until one day a big II wants in and the SP here goes up 20-30% in the space weeks or days.
"Dont get frustrated GGG - just run the numbers and make sure you include for everything - simples !" - You can do all the number crunching in the world but in the short run these frustrated investors need to all capitulate before this can go up. That is why in the short run you see rubbish stocks outperform because net sellers are all out.
The number one priority for any business outside of the UK is growth ahead of dividends. This has been the view for the last 30 years but is a view that may change with higher inflation. I3E has the flexibility to tick 2 boxes (3 would lack focus) but for me as long as growth is ticked I don't care if they opt for buybacks as the dividend is already pretty good!
Seller is still about but seems OK selling at 70p so Tyrus Capital or other must be happy to pay this amount along with the buybacks. The Pacific regions on a bit of an upward motion with the Trust PHI holding shares in JSE I hope Baillie Gifford would look to add. JSE is down a staggering 19% YTD with a massive 24% upside to the 200-day moving average and a dream 55% upside to last years trend making this one of the most blown-out contrarian picks.
Still for now we are still in the red part of the MACD lines and not looking to cross the RSI lines but news would blow these out.