Member Info for maestro1

Eua is key, once they get it some material contracts inbound...

Expecting good week at i3e, the sooner the jittery uk transfer their shares to canadians the better.

Undervalued stock

Will be interested to know what gains production was in 2019.

Tony
Eric put that chart up and rubbed the name out of the 1st on list, the doc like many believe its i3e.

We will know soon whether erics fund takes a position.

Eric nuttall is on bnn regularly, hes worked put ev/cf at $60.

Hes in charge of a fund in canada, specialises in canadian oil and gas...

Tony look at the chart, eric points it well with EV/cf for 2022. Kel is 3.7 times while i3e is near 2.

So clearly 100% upside short term for i3e. Same metric...

https://twitter.com/eri****tall/status/1372184012979113989?s=19

Tony you are diverting, you said you like to vslue companies with reserves and NAV.

Forget kel for awhile, what do you value i3e reserve? Just interested.

Yoy dont seem to be interested in projected fcf of i3e..

Tony thats different with regard to dusters herw im saying they prove their objective with the well and oil was present. Surely should be worth more than $7m.

But anyway candian assets are the ones which will make this company.

So how much do you value 2p reserves of 58mmboe? Answer the question, :)

Anyway tony, back to my point so what do you value 2p reserves of 58mmboe?

$2 per boe?

How does that work out, i3e spent more on drilling it and they found oil, do you catch my drift.

Should be valued higher..

Really strange the aim mkt, 88e are drilling exploration well and look at ther valuation it valued more than i3e, not a bean of production.

We have oil in serenity field, it was successful drill, no value has been put on it. Management believe there is 200mmbls in place.
Really strange considering as dolphin prepared to pay 15m to drill appraisal wells to take 10% stake. So why no valuation to serenity?

Doorstep

Yet pvr can still hold mkt cap of 40m and produce a bean.

Why is the mkt ignoring serenity, i3e believes its connected to repsol field.

Ok, so what do you value 58mmboe at? $1 per boe or $2?

Last month company gave us net income of $27m based on the strip prices then. It didnt take into acc noel production and further shut in wells.

Lets see what happens...

Crocqman
Will give current trading conditions also like they did in nov.

Poc is suppose to be released this month, where is it? These are the question we should ask on friday..

Tony

Look at pvr, looking for funding for their barryroe asset in irish sea, valued at 40m.

Whats the mkt valued serenity oil find at?

Tony

Go and follow eric nuttall, he has a fund and predominatly invests in canadian oil andgas, his motto, all candian oil and gas cheap. He has one important metric, how many years will it take for a company to buy back it shares and payoff debt. The best one was tamarak, that was 3.3 years, i3e is the best in canada now with less than 3 years.

Announcing divi will surely increase sp.

Tony

Go and look at the canadian oilies and look at their debt to cashflow, there cf to valuation.

Plenty of metrics have been given but u tend to disregard.

Divi is gonna be annouced and will be around 5%, they have been alluding it for 6 months now.

You cant find a company valued at 67m, has debt 1 x cashflow, has around £15m cash and giving 5% divi in q1 and producing 9150boepd..

6 months results out thursday, will be closely lookin at the cash position and progress with "regulatory approvals" which Budd blamed on poor sales in Nov.

Tony out of all those companies you allude too how many give a divi yield of over 5%.

Anyway i3e should be valued similar to candian oil and gas.

Gonna be fun week...

Goldman sach are sayin oil will be over $80 in q3, i see it being $70 in q2.

I3e is a cashcow..