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Anyone that follows the daily oil price appreciates its volatility. There will be a new crisis next week & the price will shoot back up. Demonstrates the importance of hedging for both suppliers & purchasers.
Tony, I believe the share price will rise on approval of CR as prices are driven by news as much as fundamentals. It is the next step in i3e's goal to ultimately increase production by whatever means. If there is delay in CR approval, this would just disappoint the market again. I think we all want this behind us.
Viable, this is not a share buyback, it is an accounting procedure. Should actually have no difference to the share price.
This will move up fast on any leak of Capital Reduction approval. Topped up this morning.
Of course any delay & it's toast.
Canadian Oil & Gas E&P company free with every special packet of Cornflakes. Hurry while stocks last.
As a reminder:
Date for the hearing by the High Court to confirm the Capital Reduction - 7 November 2023
Expected date that the Capital Reduction becomes effective - 7 or 8 November 2023
Confirmation tomorrow then hopefully.
Https://www.bbc.co.uk/news/uk-politics-67326497
“Labour has said it will honour existing licences granted before the next election, but would not allow any new ones to be granted if it won power.”
Better get on with it Maj if you’re going for it.
You know all about snide Tony. Don't fall from that pulpit.
Tony, one day you will surprise me & not post something that is a personal sanctimonious attack on another poster.
Seems you have at least matched the level you accuse G_G_G to have fallen to Tony.
Are Jason D's share options worth anything if the strike price is 20p ? Just wondering.
Does anyone think the Q3 update will be this side of Christmas ?
Is it though ? What's keeping the SP so depressed. Can't just be G_G_G selling down. Can't wait for the Q3 update. That's going to be a bundle of joy.
So when's this 12p placing coming then ?
I could draw better pictures with my Spirograph set back in the 70’s.
Selling down your holding & complaining the price keeps dropping is akin to being stuck in traffic & complaining about the traffic - you are part of the problem. Most of my watchlists are dropping with the odd exception. It's a bad time but you just gotta hold & see this through. Just wish Maj & co would focus on maximising the Canadian assets & stop chasing pipe dreams & vanity projects. Hoping Q3 won't have any nasty surprises & maybe some nice ones. WTI sensitivity still good at $86 (1.3x$10m), AECO weak but winter is coming. Dividend payment Friday should see some buying.
This might do it.
https://oilprice.com/Latest-Energy-News/World-News/Allianz-Trade-Says-Oil-Could-Hit-140.html
Think you'll have to wait for the next quarterly report for that.
I3e must have knocked nearly CAD $10m off the loan already. That’s got to be worth +0.5p on the share price. Shame we don’t yet know how they intend to deploy the capital.