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Anyone hear the interview with ith ceo this morning on Tmes radio?
JamesSimon
Posts: 1,703
Price: 202.50
No Opinion
RE: How the herd thinks.........21 Nov 2023 17:28
Get in there 99icecream these are an absolute bargain . I’ve got £400k coming in next week . I hope the price doesn’t rise before then . Please keep it falling !
JamesSimon
Posts: 1,703
Price: 202.50
No Opinion
RE: How the herd thinks.........22 Nov 2023 07:42
PANR holdings ceo delivered an interesting webinar yesterday . As a substantive shareholder I think I might give Jog a miss on this occasion .
Every board has a plonker!
Posted on SQZ board earlier:
So Serica might be picking up i3e's UK interests.
Not sure if that's good or bad. Under normal circumstances it might be positive but things are hardly normal at present.
Our share price is dropping but that's not unusual there days.
I3 Energy plc (AIM:I3E) (TSX:ITE), an independent oil and gas company with assets and operations in the UK and Canada, announces the following Q3 2023 operational and financial update.
Surely to God he could have written ‘is pleased to announce’.
Small things and all that!
The award shall vest as to one-third upon the first, second and third anniversary of the grant date, to the extent the award has not otherwise vested in accordance with the above provisions.
Does this mean he receives these regardless of meeting targets after 1,2 and 3 years?
Regards all.
that’s the worry. it needs ramping/ pumping now from the bod. if the oil price drifts the share price will drift with it. majid may be a great deal maker but he’s ****e as a ceo. should of gone after the cancelled divi, bring somebody canadian in and restore some credibility.
Update: i3 Energy
Smith & Nephew failed to work out from the start, but i3 Energy did, at least for a while. First analysed at 11.5p in September 2021, the shares swiftly gushed to a high of 32p last summer, only to recede as oil and gas prices fell, wildfires in Canada curtailed output and management responded by (prudently) cutting the dividend.
The good news is that production is still growing, the yield is still plump, the oil price is firming.
Founded in 2014 and first quoted on Aim in 2017, i3 Energy acquires and develops mature oil and gas fields that are expected to have a long remaining life. It has a working interest in about 850 sites across Canada and the North Sea that require limited investment and are producing nearly 21,000 barrels of oil equivalent, according to last week’s interim results. That is below last year’s overall run rate (and peak output of more than 24,000 barrels), thanks largely to the Canadian wildfires, but increased output is the plan, especially as i3 Energy has a base of undeveloped reserves.
Increased production is therefore one potential catalyst for the stock, while higher commodity prices would be another. Natural gas prices remain depressed, but oil is rising. America’s efforts to pressure Saudi Arabia and Opec into producing more oil are coming to nought, while the Biden administration is doing all it can to prevent the development of new shale fields even as its efforts to depress the oil price by running down its strategic reserves prove unsuccessful.
Common sense, and the need for energy security, would suggest that the US will need to top up those reserves at some stage and that could give crude prices a boost, to the benefit of producers such as i3 whose shares could yet catch light once more. Hold.
Russ Mould is investment director at AJ Bell, the stockbroker