Member Info for Doorstop123

Eric Nuthall tweet possibly referencing I3e/ite

“How can you NOT be excited about the opportunity in oil stocks?!? Just off the phone with the CEO of a small cap oilco: 20 years of quality inventory trading at 2.1x EV/'22CF + 20% FCF yield at $60. They could privatize 4x before inventory exhaustion. Oh and debt free next year!“

These mgmt warrants are still there though. Will they forego access to one third of their warrants in the interest of maximising shareholder value?

Or change the parameters on the warrants perhaps

Starting to get a bit interesting. Well done all lths

Would assume the website developers have signed a nda lol

“As previously disclosed, the Company aims to distribute up to 30% of free cash flow as a dividend to shareholders.“

From the previous rns

Think it’s a tad on the optimistic side to model fcf using 20% as the start point.

Maybe, 25% would be more realistic or accurate with 30% being on the cautious side

It doesn’t say 20% though just says it’s at least 20%.

Did MS not say in the recent interview or rns that 30% was the figure.

Maybe market is underwhelmed by fcf hence sp drop?

Why is everyone assuming dividend is 20% of fcf and not 30% of fcf?

It is exactly what we were told to expect. We were guidanced 10-12% when sp was around 5p and we have 6% at 10p - very simple really!

Serenity farm out continues to be in advanced discussions...

Think up to 40% of fcf was stated

Definitely something new there - we know the initial yield will be 6.08%, if my maths is correct!

Majid stated they EXPECT to announce divi q1 - could be weeks yet. Especially if waiting for a court hearing date for capital reduction or waiting to tie in with farm out etc.

Next news could be the end of April update which, I guess, will be more set in stone timing wise.

Possible suspension on TSX post lse close?

Common on the asx if announcement due in uk morning but not sure about tsx

Which is pretty much the same as your message Tony - sorry misread it!

I’m assuming that they can declare a Divi without approvals but will need approvals to actually pay

I.e declare an intention to pay ‘x’ amount on ‘x’ date subject to shareholder vote on xyz...

CALGARY — Canadian Pacific Railway Ltd.’s blockbuster US$25-billion deal for Kansas City Southern offers new hope for expanded access to the Gulf Coast for Canadian oil producers that have struggled to reach heavy oil markets in Texas and Louisiana.

Canadian oil and gas companies have for years tried to expand their options to ship heavy oil from Alberta to the southern coast of the United States, but their efforts to reach the world’s largest concentration of heavy oil refineries have been challenged time and time again. Most recently, U.S. President Joe Biden cancelled permits for the Keystone XL pipeline.

The I3e of 2017 and today’s I3e may as well be two separate companies.

I thought they would change the name with the reverse acquisitions last year - Gain Energy wouldn’t have sounded too bad. Quite like the name I3e too though!

PVR have been looking for funding for Barryoe for Donkeys years!

But under scenario b you would have purchased 10x more shares!

Just read through some of the ite posts on ceo.ca chat board and it appears that Canadian investors view on I3e is very different to the companies reputation on aim.

To them ite is a new, fresh, exciting opportunity - which is of course very different to the reputation build up in the uk over the recent years.

Can only assume that any further re-rating will be driven by the TSX investors with the companies main listing perhaps moving there at some point.