Member Info for Danger_Mouse

Mount teide: "Based on Montara recommencing production during Feb 2023, I can see the company having the potential to generate an average production of 21.5k boepd during 2023, before any further acquisitions.

3.5k - Stag
1.5k - Sinp
5.5k - PM
2.5k - CWLH
8.5k - Mont

With an average OPEX of $25/boe, this has the potential to generate over $500m of operating cash flow in 2023, at an average Brent price of $85/bbl and average realised sales premium of $5/bbl (JSE averaged $7.88/bbl in 2022).

AIMHO/DYOR
mount teide

Not sure what you mean bistable. JSE has been up 20% from lows and another 30% to get back to previous peaks. Greate RNS today and I can't believe we increased cash position. Can't wait for the push in Gas for winters to come.

It feels to me many of you are holding out for a strategy that no longer exists. One that aligns with Miltons small-cap funds. Once your all gone (including Tony... sorry you just don't realise it yet) the share price here will become stable and I3E can grow at our new pace with lower risk than anything in Miltons micro-cap funds that I actually do hold small amounts. I also hold Milton's MIGO trust with a different strategy but that is not relevant.

Giltedge I would think most of the income holders holding I3E do hold Petrobras. I hold PBR it via IBZL. It's not a choice between one or the other when you construct your portfolio. I probably own over 8000 companies. Brazil is cheap and I have been buying since December. But I3E can grow much faster than Petrobras though who knows what company will win over the long run in total return terms as we don't have a time machine and nor do you.

Well there are like I3 Energy, they did it with debt to start with can scale organically now, but I suspect most here hold other stocks in a balanced portfolio. If AXL can do an I3 Energy then we would all be VERY happy.

I am an accumulator here so happy to see dips like today to buy into.

I hope this dips within 2-week period. The spread is really wide preventing me from adding under my own rules.

China’s oil and gas demand declines in 2022 as a result of its covid-19 policies. China to account for 50% of currently projected global oil demand growth in 2023.... I think JSE will do alright opening now under such a great narrative this year.

Results out. A small decline that dwarfed the share price fall. Share buybacks to continue. I am a pessimistic sort but with the bigger picture, the share price should move upwards from here.

£1m bought at 591.18p, the seller(s) selling at 590.00p. No longer filling me with confidence for tomorrow morning.

We needed flatter revenue diversification amongst the mines. Single overweight makes it very hard for us to see into the future... but clearly not other shareholders in the know. At least the in-the-know shareholders prevented us from falling from a greater height. They may even be buying now the news is out... they always do in any share.

A person on ADVFN was on about the fall in the USD which means in pound terms the chances are a NAV decline in GBP however in USD the chances are a NAV increase. A USD NAV increase is still bullish regardless of the currency decline as this supports the long-term trend while currencies always fluctuate.

There was a £594.00k trade going on late on a Friday. I wonder when that is complete the Q1 will be out and with no financial calendar we can see last year its was the 1st of Feb. So tomorrow possibly.

Well spotted and thank you for the heads up on this. Glad I picked up some under this price.

If they do sell UK assets then we'll all need to fill out an NR 301 form for everything other than a SIPP?

Its been a textbook on the chart since Christmas but the 200-day is a nice tick. Frustrating watching AAZ rise as I wish I had shares in that as well.

People are selling because RSI lines have crossed to the downside and don't follow the rig.

Not that it matters but I have added. Its a poor time to be adding heading into spring when these should really be picked up in Summer heading into autumn and winter. But I3E remain too cheap an institution will pick these up in time.

...the "bond" like behaviour is probably why some have sold for bonds.

It probably was way too much diversification, however, we are in a new environment and also shocked by interest rates. These assets are now on significant discount and the portfolio pays a dividend that will attract income seekers looking for a total return starting from a historically low discount escpailly if they see inflation and rates come down a little. A bit like bond. Many will also be attracted purely for the discount or the steady total return.

Break higher out of the trend in June 2022 and also the point at which it crosses above the 200-day average (golden cross) could be possible this week and given where the oil price is surely could be the turning point?.... or not. Thats techicals for you.

The lower dividend in 2025 looked to me like because they are focusing on growth (obviously) but modelling declining in gold price "...real terms to bottom out at US$1,524/oz (real) in CY27."