Member Info for PanamaPete

Technically speaking, the year end production update can only be confirmed after 31st Dec 2022, although that should not in itself preclude confirmation of 2023 dividend dispersement & capital allocation.

Britain breathes a sigh of relief as temperatures expected to soar into double digits over the weekend.

Seems there is a persistent seller. Maybe an early adopter (Institution) top slicing & crystallising their profit from the 5p - 10p range. Once cleared we should see an uptick.

lmao

tony - you can't help some people !

Also G_G_G, why are you using current prices when i3e & other oilies hedge their forward sales. I think you are being too conservative. I don't think oil prices will stay low next year especially when Biden starts to top up the SPR & China lifts further lockdowns. This cold snap has also seen current gas prices surge 11%.

Ok, so take off the 5% buy-back. The Sep 2022 Tennyson report projected a FCF in 2023 of $105.9m (£86m).

Poor JF & MS reading these posts about share buybacks vs growth vs dividend. They must be having sleepless nights wondering how to placate all their shareholders. How about a middle path - commit up to 5% to buybacks below x-pence, increase dividend by 10% & grow production by 10-20%. Excess cash to be returned year end 2023 by special dividend. I just hope this argument will be put to bed after the numbers are revealed.

Am I correct in thinking that the Canadian government is going to introduce a 2% share buyback tax from 2024. If i3e were to implement buybacks then 2023 would be the preferred year. My feeling is to use surplus capital to grow the business so rewards become exponential.

Most updates are never good enough for the market but cpi is well ahead in its turnaround strategy.

I feel that having some geographic diversity would be prudent proving the tax regimes are not punitive.

China lifting some Covid rules should maintain / increase demand so could see uptick in future pricing.

First time I've seen the video which was great to watch. Wonder whether a listing from AIM to the main market would be beneficial. My first tranche of these shares on HL platform was met with a warning that it was an AIM listed company.

£50m cash by end 2023. Congrats to those who got out in the mid seventies. Never did understand the reason for the rise from 50p.

Thanks Stas20. I'll continue collecting my 7.5% divi while nursing my 9% loss.

Noice form 45-102F1 posted 11th Nov
https://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00050714

"The share price is down because oil/gas itself are down, which is logical"
No logic there with American SPR depleting, forward hedging, increasing output as more Canadian wells on-line, price below Canadian peers, global oil demand increasing (India) despite Just Stop Oil, China coming out of lockdown and to top it all, winter is coming ffs. People who 'top up on dips' must have bottomless pockets & you only know it's a dip after it's gone up. Why not say, top slice on peaks which might generate a better return than the divi itself. Lot of nonsense talked on these boards.

I wasn't, I thought you were.

It's not really is it? It's 1/12 of that. You'll get about £5.96 for that lot in December or £71.63 if you hold them for a year.

Corrections:
June 22 I meant
Remove the full-stop (period) from the link