Agree Nursteve, however after selling people dont need to be negative, that in my book is wrong..
Exactly pen, am only looking to buy.
Nice article, thanks TSZ . Finally the penny's dropping in gov.
Guys, can we put this to bed please. Both of you are outstanding contributors to this BB. I personally appreciate both of your view points. Thanks.
Agree TSZ, albeit as we all are expecting, I3E to organically expand production. Given events in Ukraine, one would imagine that UK gov would be pushing for self sufficiency and north sea.
TSZ, analysts on bloomeberg think it will hit $120 by summer. I3E a good place to park money imo.
By spreading the divis the Bod have shrewdly:
1/ Managed cashflow
2/ mitigated the usual divi blow back
3/ will benefit new holders as well as old therefore makes I3E more attractive.
I have no qualms in this regard.
Agree Sienna, $150 profit is more likely economies of scale should also kick in :())))
Bloomberg:
Oil may hit $120 by summer, oil inventories at lowest since 2018, Opec shortfall.
Tony: how did you arrive at $31 BE? Personally had $36/$37 in my head. Sub $35 is excellent imo.
At $31, not much scope for anything else, as you imply.
Looks like a collection attempt :)
Expecting it to be a rapid acquisition and an update on infrastructure. Would be amazing if an enhanced/further offtake agreement was made. Serious shortage and need for meta coal..
Clearly something substantial is afoot.
The wording on this one does not refer to....and working capital use as per previous one but instead 'predominately'...
The net proceeds of the Second CLN will be used predominately to finance future acquisition opportunities which are designed to enhance the Company's existing metallurgical coal reserves and expand its infrastructure capabilities.
I think a deal will be executed very fast here..
On a technical note has been hitting the ceiling of a 'Darvas Box'. Once breached, we'll get a run up imo.
Quite clear that a time line cut-off was used. For reporting purposes very necessary. Next NCM update will have more recent updates etc but will always report historical date within their cut-off period. Has created an arbitrage which the MMs played. Allowed me a nice position on the fake drop, whilst knowiing full well the more recent results. A no brainer. Hope Pi's topped up.l :()))))
IMPRESSIVE doubling of cash per FULLY DILUTED SHARE.
Agree 3G. Am sitting back and waiting for things to unfold and we'll get our overdue rerate as the wider market awakens to the value unfolding and begin to accept credibility to what's unfolding here. Switchin off here. GLA.
3G, agree with most of what you have said. Think the switch to monthly divis will off set some of the normal divi blow back. Update should be soon. Serenity not worried about it too much as hardly any of it is priced in. Prefer management more appropriate timelines in their choice of words for the F/O. Anyhow with O&G prices and if we maintain and increase production, I3E will continue to be in a strong position and in a favourable juristiction.
Best thing is to switch off a little. I3E have made outstanding progress with superb acqusitions. FCF increasing all the time hence sufficient headroom for dividends and whilst allowing for opex and capex to facilitate further unlocking of wells to add to the coffers. all in good time.
The key here for me is covering declines:
Attractive year-end 2021 reserves-based metrics:
o Doubling 2021 Reserve Life Index ("RLI") for 1P and 2P reserves, to 13.8 and 28.9 years, respectively, compared to 6.4 and 14.6 years in 2020; and,
o Robust 2021 production reserve replacement ratios of 457% and 816% for 1P and 2P reserves.
Significant longevity..
Exactly, I think they'll be some big background buys being worked in the background and well see nice percentage gains over the next few days and weeks. Ptal in a very healthy position.