Member Info for Danger_Mouse

OMG there is so much PI movement in the share price and the messages in the forums here!!! Regarding price going forward it could mean lower than $2.50- $3.50 as mentioned but as gas was too cheap between 2011 and the war and historically before 2011 it was much more. Russia does have an impact globally but that Russian gas will not flow back into western countries for at least 10 years. We will up 5% tomorrow.

Gas in the region has been too cheap before the war over the last 5 years averaging $2.42/GJ but It is worth noting from 2001 to 2011, natural gas averaged $5.92/GJ so NOT once in a lifetime.

Scooby I can never find a financial calendar. I think they only have them in the main markets but I could be wrong. I rely on my trading platform to let me know the nest dividend. Not that I am a trader in this I3E. I am an income investor here and welcome share price declines from those not wishing to show patience. As they capitulate on weaker technicals I will be buying more and the technicals are weak today.

The MACD look in good shape and we the next NAV update could result in a higher and even wider discount given the sector this is in. At 616p this is a strong buy for a trader or investor.

"A bit of a disappointment as another delay from Montara which I presume will now be announced with the next trading statement. The news from Stag was better but it has been a grim year for Jadestone, nevertheless it is amongst the best in the business and I have kept faith with the team and it stays in the Bucket List and I’m confident that through its existing portfolio and inevitable M&A it will outperform in 2023. "
https://www.malcysblog.com/2023/01/oil-price-kistos-iog-jadestone-and-finally/

Shareholders are getting frustrated and selling. Happy to pick them up myself along with the buybacks.

The markets have rotated into dividend-paying companies over the past months if not a year or so. Its time for PAF to shine and show what it can do about this regardless of our own personal views on dividends. Its not about us but about future buyers of our stock for the long run.

Nicks $52.7 is with 100% dividend cover?

We won't be producing from the NS until 2028 was mentioned, which is 5 years away for what was it net to us 6000bopd? I am not sure why it should take 4-5 years for what was a simple tie-up. In the meantime, this becomes an income stock floating with the O&G prices. I personally am fine with that being an income investor. But the beauty of these Canadian wells as we know is that they can be reactive and spun up quickly. No one is investing in large 30-year oil fields these days.

Anyone think this could have OK results with a speculative view for growth from here? So last year it had net bank debt of £4.7m and before then 2021 it was only £0.9m. The dividend payout was is under 40% and there is a pension deficit. The positives of cash conversion are however are strong and it is a punt but they are in the right sector at the right time so I have added with the dividend somewhat limiting a stagnant share price in 2023.

"I think it will be a big boost for I3E if they can get the ‘threat’ of future CAPEX spend in the North Sea off the table as well as reducing costs by ditching the operatorship of it. Let EOG have another 25% to carry it to production." Strongly agree with everything in Spikes post. As mentioned it is a hard asset to sell and the big players are not looking at extracting oil beyond 2050 so a sale could be to smaller mid-companies that would buy these assets at a knockdown rate and I3 Energy investors should accept this. Our N.Sea assets will not be producing until 2028 so extremely slow vs Canada. Canada also offers more gas which is a transition fuel.

I think I now know why we had been falling. I strongly wonder if there is a lack of growth that typically Miton trusts always look for. I appreciate the presentation had a dumb-down chart showing the growth side was higher than the dividend but is that true? If that is the case then the institutional investors buying Ithica or whatever are not looking for microcaps like us and never will.

The closest that I could think of like Abrdn Equity Income Trust (AEI) who invests in DEC (12% dividend but the market cap has equal debt so not as good) may still feel that I3 Energy are too small of a market cap.

This is who we are:
Market Cap £265m
Dividend 9.4%
P/E 4.5
Net Debt - 3.0 million (none).

I think the growth is with the highly volatile personal investors while we pick up the dividends. Remember there are not many oil funds and certainly this is too small to be an ETF.

How much does an easy tie-up cost?

Should rename this thread "Directors losses". We are getting to the point where the tiny dividend starting to get attractive. The company should now focus on dividend growth however high dividends are a negative for the directors and JPMorgan as they pay more TAX on it, however it will attract PI's.

I am on the call. Sell Serenity to Tain is the best case here to provide a cash buffer for Canada.

I am new to onshore wells like I3E and I believe the market is adding little value to the practice vs the majors who are not growing but self-liquidating into the future and out of oil beyound 2050. So you pretty much know what you're getting with the majors and there are no plans to spend on CAPAX but to simply return revenue to shareholders via dividends or for larger holders where dividends have tax implications the majors are doing buybacks so they can sell out. This is NOT a bad strategy for the majors. If you need a source of this claim you need to reed reports by these majors who imply this strategy indirectly. None of us looking to beyond 2050 (I don't think I will be alive*) but we can all appreciate the strategy of the majors. This leaves us an opportunity to pick stocks like I3E very cheap.

Would be a good time for positive news, please?

Is anyone here at this?

Looks like I got my PAF timing right but wished I added a bit more. I will do so over time. I don't think there are other dividend-paying, net cash, low P/E gold miners left and if there are any falling please let me know as I am only 6% gold and miners and wish to get to my target of 16%.

P. S. Gav in another thread where you invest in DEC, take a look at I3E.

Gav, I suspect you're looking to buy back in. Before you do consider diversifying into I3E giving you less of a divi but net cash.