Member Info for Danger_Mouse

The lack of PR is nonsense. I found I3E. Anyone agreeing with G_G_G should read up on the efficient market hypothesis (EMH), alternatively known as the efficient market theory. For those looking for growth, we don't want to become a DEC and if you want more dividends go buy DEC was my point. Those looking for quick trade buy inflation-protected US treasury yields or perhaps JSE.

Tony, This will be interesting. They should all be correctly priced but at the same time depending on your investment needs or goals there will always be stocks that are better for you. The market really likes yield at the moment and you should compare this to DEC on that income front and from a growth perspective, I use JSE in the Asia Pacific region.

Apologies ignore my Canadian message!

SpArmarder thanks for info on Canada's TAX. Very useful.

Then it will be interesting to see how Gibson, Vermilion and Diversified compare after Jan. Its all about production growth for these smaller companies. This a stock to tuck away and forget for high growth next year especially Q3 to 4.

"..they would have avoided WTI going negative in 2020..." That wasn't a recession. We all know what it was.

According to experts $60+ dollar region would result in US re-building of the strategic reserve. Thats Bidens plan apparently. Oil is manipulated by both OPEC and the USin a tug-of-war against a backdrop of under-investment. China re-oping will boos oil + metals sometime in 2023.

G_G_G As an income investor, I welcome an increase in income but I would then reduce as I have no need for additional income. Cash on the balance sheet would also reduce volatility.

Everyone knows my ideal is an increase in Gas for the energy transition but it has not done VET any good I admit. Soaring natural gas prices have been the key factor pushing coal demand higher, with coal consumption set to rise by 1.2% this year to record levels is ridiculous. https://oilprice.com/Energy/Energy-General/Global-Coal-Consumption-On-Track-To-Hit-An-All-Time-High.html

Agree CaneToad. For me the main catalyst will be the oil price and this is dependent on China re-opening and the US Strategic Petroleum Reserves to stop dumping... perhaps even start re-filling.

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.