Member Info for PanamaPete

Other news of course is the change of stance by the EU re production of ICE vehicles.

If the YE2022 financials and reserves data are released by the end of March as per RNS 377R dated 28th Feb, I shall be surprised. Last year they were released on Monday 4th April.

Could make Serenity more viable/desirable.
Rishi Sunak looks to boost investment and improve the country’s energy security.
https://www.ft.com/content/913db0ed-ccb6-4cde-8d39-f1f78b1240f5

Brent at $94 in coming months perhaps (WTI $80 - $85)
https://oilprice.com/Latest-Energy-News/World-News/Goldman-Sachs-Sees-Commodities-Supercycle-On-The-Horizon.html

White Tundra Investments dashboard - scroll down to find i3e.
Various tabs with differing Oil & Gas prices and /or put your own numbers in the yellow highlighted boxes. I put $85 WTI & $2.00 Gas which gives a target price of $0.68 CAD/share or 40p/share at exchange rate of 1.69.
https://www.whitetundra.ca/pricetargets

Tony, I don't think our conversation can serve any further purpose. Good day to you.

Tony, I don't think it's the number of questions, it's the multiple times you're asking them.

Majid holds about 9.5m shares. I think that is a significant holding.

Tony, you're just sounding desperate. I would hope to see a correction to the sp by year end 2023. There are signs out there that oil demand is increasing such as India's Feb oil consumption up 8%. I believe JPM's recent increase in holding is having an impact & this will eventually run it's course. I'm significantly down in capital on my holding but it's still the best yielding stock in my portfolio and I'm not considering selling below 35p. I have a concern this might be taken private at a significant discount but there's nothing I can do about that. If an offer comes in I hope PI's will hold out for a decent price as the ratio of IIs to PIs I think is around 50/50 if you take into account AJB, Hargreaves & II as non-institutional. Only a few days before reserves update etc. I hope i3e are not tardy with this report. Let's see what happens after that. Another analyst coverage might help as I think WHI were a little conservative in their fair value price.

Patient investors.

And then I woke up :o

Agree isdeer, sp is defo being worked but I'm confident it will rebound sharply soon. I'm out of spare readies until some more dividends come in to my account. I can only watch while others buy at 12% yield - frustrating.

I should have said WTI from a low of $64, so up over 10% in three days.

Oil up 7.5% at $71 from a low of $66 yet sp still under pressure. Interesting ?

Well it’s ex-dividend today so no doubt some will decide to throw in the towel with their holding. It’s not the London Stock Exchange that’s a problem, it’s AIM. You have to think of any potential tax issues if i3e moved off London, plus i3e capital was raised in London not Canada. The algos pushed this under 17p this morning. I do hope we end in the blue for a change. Darkest hour before dawn & all that.

And I'm certain the algos are attempting to break 17p stop losses. Whoever wants this company, want it dirt cheap.

Ex divi tomorrow also.

I can't see oil sustained at $140 for any length of time, maybe a peak but holiday season is just around the corner though & those pesky aircraft & cruise ships will be needing some Go-juice.

And what exactly is meant by 'Fair Value'. Is that fair to a prospective buyer or us as shareholders. Personally an interested party can have my holding north of 35p today if they want. Now that would be fair in my mind.

I am bemused that 'profit' rather than earnings has been used for the price to earnings ratio. Perhaps it should be p/p ratio.

I would prefer to see a main UK market listing away from AIM.