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Really interesting. Thanks for sharing. Sadly Biden's not naive, he's doing what he can to win the next election. We know short-term thinking is the problem with democracy in general unless these things are enforced independently. Everyone is bullish on Energy it's just a matter of finding those that are undervalued and can grow responsibly.
I reduced a little JSE to fund some more RSE and I3E (looks like I am randomly buying any ticker ending in an 'E'). It was a nice gain and I welcome a pullback after restart news if not happy with my current allocation to JSE. I would also welcome a dividend increase.
I should add this is one of www.migoplc.co.uk holdings and I allow them to do the Due Diligence on this one for me and bought it directly last year. If they reduce, I will reduce! Otherwise, just take the silly chunky dividend.
Emirates increasing flights to keep up with Chinise demand only just starting to come in!
AA4 is so tricky to value other than a growing dividend.
Otherwise impossible to value.
1. GAP since April filled (check)
2. Low on the RSI was on the 7th of Feb (check - though its been here before)
3. MACD going into the green for the first time in a while and the lines crossing
I am an income buyer who uses technicals to pound cost averages into strong dividend growth stocks that are in a downtrend. To buy before the smart money. And maintain a diversified portfolio.
Daily fluctuations are just unpredictable noise unless you are a trader who trades this impossible volatility. Lets zoom out on the charts. We are down over 37% from June peek that's 250 days. It takes time for net seller(s) to be out. More sellers will see a loss and so will sell until the stock is desirable for net buyers. Pound cost averaging is a great "anti-timing" strategy because it is impossible to know when net sellers become net buyers. The MACD, RSI and 200-day averages can certainly help and they indicate (another) bottom right now, but are not reliable so pound cost average can be ideal.
There are a lot of smart people who invest in I3E and we are thankful for them, but you don't need to be smart to beat your benchmark index and make money. Allot of the smart thinking is already factored into share prices! So it's a game of chess that requires a zoomed-out view of time. Knowing oil and gas is needed and growing. And crucially keep diversified because the market stay irrational for longer than you think (even rubbish stocks become undervalued).
I've grown this 2% position at 25p to overweight of 20% at about 21p average and can take this up to a maximum of 30% if needed in the summer. In winter this will be 30-40p.
The level of buybacks are phenomenal. If this trust is wound down I believe the private holdings are very desirable and worth more than in the NAV and the listed holding easy enough to sell.
Not sure what yor problem here is thehickster. I managed to pick some of these up at under 20p and there are more opportunities to do this. The smart money has been selling anything mostly made of gas in an attempt to buy back towards Q3 and winter fears. You can see this in the gas market prices. The trick is to be first in ahead of the smart money. This period should be welcomed.
I believe in diversification and I am also an investor at PetroTal (the cheapest) but it is not in their portfolio. You can see the White Tundra Portfolios here so the numbers don't appear to add up to their actual holdings: https://www.whitetundra.ca/
Have to admit I added a new entry into DEC on Friday (sorry) but with plenty of dry powder and a diversified portfolio, I will continue to accumulate here ready for next winter's fears. Getting ahead of the smart money is the secret of success. To do this is very easy by being first in. There have been seasonal sellers who are selling to buy back later in the year. But with the power of compounding with MONTHLY dividends automatically re-invested will be powerful. By next winter we will be very well off.
@ Lockinvarlass,
No way round foreign dividends in an ISA but they are very attractive iShares EM Dividend UCITS ETF (SEDY) at 9% or iShares MSCI Brazil UCITS ETF USD (IBZL) at 13% and with ETFs the dividend ta is paid for already. Also look at I3E for a Tax free 10.4%.
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.