Member Info for Danger_Mouse

Thronegames, I have bought in today and many other income seekers will do too. The share is attractive for the dividend and hedging and so was the acquisition.

Oh what a typo. I meant the large caps are not investing beyond 2050 not 2024!

While I don't agree with him, the call for a transition away from fossil fuels is actually a good thing for I3 Energy.

This climate crisis call is making the large-cap oil companies stop production by 2025... while the reality is we can't transition quickly enough yet we can take the future profits and growth.

Doorstop123 wrote: "They’re a $420 billion dollar company - not sure they’d be investing £10m in a uk aim listed company." Yes they do, for example, Serica Energy is not on the main market and is listed in JMI (JPMorgan UK Smaller Companies Investment Trust plc). You can download their full listing.

"we win some we lose." + "can't complain, agreed can't win them all." The trick is not to lose any if you are an investor by buying quality stocks, but if you are a trader understand that all stocks no matter of their quality can go from overvalued to undervalued and the share you sold to buy here will probably be undervalued as net sellers drag the share price down to extreme levels.

I don't care for buybacks at above 80p and prefer the priority of acquisitions, development and infill drilling all adding significantly more value over a short period of time! This is one PHI top holdings and they really know how to pick growth companies in this region.

I've added more to two accounts I have taken some profits from other sectors. Price paid was 19.4919p so expect a seller under this price. Nice. Keep falling I3E. Reminds me of Trussanomic and the FTSE stocks but I don't expect a V recovery... more of a U here.

The news was very low profile. That could be the bottom we are looking for.

Yeah, this has been a good thread. I mean it would be highly unlikely not welcome if we have JP Morgan Chase here. That would be silly.

I don't really know Nuttall's fund but I know the fund are selling gas for heavier oil because he's a trader looking for outperformance based on a seasonality that worked last year... but that is not guaranteed every year and based on bottom-up analysis (to be fair Toney does really well) , but simply looking at the numbers this is too cheap from here. I have just pressed the buy button on another 20,194 shares.

G_G_G I can understand your view. The crux of the II issue is the income vs growth chart with the funny arrow in the presentation that was very arguably not pointing in the direction that the forward numbers and plan indicated. You are right in a way because high dividends are not tax efficient to institutions which is why the majors are doing more buybacks to keep II instead of dividends. For private investors, massive capital gains is not good (unless ISA etc...) and instead dividends had been better (yes there are new lower dividend allowances and stuff to consider for UK residents, but generally speaking for around the world dividends are better for private investors).

However saying all that, there are funds like AEI that hold DEC and are geared towards high dividends and some growth. But these trusts are rare, however with this high-rate environment, they should be increasing in number.

Saying all that it seems I am pessimistic on growth, I am not, its just the level of growth has changed.

Buybacks continue alongside commitments to Our Next Energy a 1 billion dollar company:
https://www.lse.co.uk/rns/RSE/rel-commits-125m-to-our-next-energy-6ckghif685ssad6.html

I am not filling my boots, but I have bought in small today after selling above 30p. Most investors won't have the patience if this drags on at 5p. Will you, especially if you have filled your boots too much?

https://crisis24.garda.com/alerts/2023/02/us-canada-adverse-winter-weather-forecast-across-parts-of-the-northern-and-northeastern-us-and-central-and-eastern-canada-through-at-least-feb-4

I am adding to my I3 holdings today. But it is important for me to space this out as I take profits from Petrobras to buy I3E (and others). Please sell me your shares :p

USD up strongly too but I am not going to monitor this daily. LON:FEDG is useful to add to any charting tools or for quick look on Google finance.

Agricore I must have incorrectly calculated the NAV. The report was hard to understand and family life was and still is hectic. Draft Unaudited Net Asset Value $739 so that is £652.38 million when I calculated (today £659.23) vs last quarter's $759 million (£681million). This is nomore than a 5% change.

But doing a quick check on the GBP vs GDP for the period I got a 7% increase in the GBP so I am non the wiser. Happy to use your calculations.

Agree this is the most undervalued energy trust vs say BERI the closest comparison.

Very exciting. One day the market will see it.

"Jadestone is a Bucket List stock, has one of the best management teams in the sector and a portfolio which apart from Montara and Maari would in most years do better than pretty much anything in its peer group.

Montara excepted and clearly they made the best decision with regard to Maari, even though they had been led to believe that the deal would go ahead as negotiated, life goes on and I am totally confident that the M&A team will come up with a number of high quality deals.

With regards to trading these results are acceptable but anyone who knows Paul Blakeley will know that that is simply not good enough. Capex below guidance does not cut the mustard indicating as it does the company has not been busy enough.

Good performances from Stag and Peninsula and with Akatara due to bring on first gas in 1H 2024 mean that 2023 starts well and assuming Montara resumes in Q1 2023 JSE should be on a sound footing. Bring on the M&A team, if they can find more deals like the CWLH one then this year could restore faith in the company. "

https://www.malcysblog.com/2023/02/oil-price-jadestone-hurricane-capricorn-echo-and-finally/

Charlie156 your spot on and if you're after certainty then stick to majors like BP. There is no way you should in JSE.

mount teide also wrote: "Going by the M&A comments in today's update and statements made in H2/2022, I would be very surprised were negotiations for the acquisition of a further material chunk, even operatorship, of CWLH were not already at a very advanced stage, and have an effective economic date extremely attractive to shareholders."

thommie wrote on a similar note: "well it's obvious from the wording today, that there seems to be at least one further aquisition that has been finished already, but cant be announced because it needs financing Jse will only get after montara has been restarted. It seems they intend to do it as an RBL type which ofc needs the prove that the reserves can be extracted. So all depends on the montara restart for now."

Will be interesting to see what Malcy says... or not, Malcy is very random.