Member Info for Source888

Agree - management are very poor in engaging shareholders or answering relevant questions...Hopefully their delivery will make up for their negligence in this area...

China's major fertiliser makers to suspend exports amid tight supplies

https://www.reuters.com/article/us-china-exports-fertilisers/chinas-major-fertiliser-makers-to-suspend-exports-amid-tight-supplies-idUSKBN2F007W

Nice to be quoted by DCat! :)

Agree Tony - I spotted that too and lack of "Pleased"/"Delighted" etc is something. Also the fact flow-rates not being announced for 3 to 4 weeks still was what I picked up too...Maybe need to backfill news?

Well rates to come in a few weeks, but good they’ve completed the work now.

Thought hedges were at following?:-

The Oil Hedges are at a little less that $58 per barrel and the Gas at $3.34

Potash Hits Highest Price in 8 Years at $501 Per Ton
Potash and DAP continue to lead the retail fertilizer prices higher, with potash prices gaining 10% and DAP 5% from last month.
https://www.dtnpf.com/agriculture/web/ag/crops/article/2021/07/21/potash-hits-highest-price-8-years

Tony stop antagonising on what is a straightforward & simple point. I.E. management used equity to get the deal done (rightly in my view given accretion & I don’t like debt use yet). However GGG is also right. The management also favoured II’s in the deal over existing PI’s ie by how they deliberately divvied up dilution at such discounts…end of matter.

All this back & forth & hide the loufer is plain boring as your not listening to each other but trying to score points.

Management no doubt chose this approach as it feathers their bed better too via easy options & future waive throughs of decisions by a higher than otherwise II voice (i.e. not Being as active as PI’s on corporate matters/directors remuneration etc)

Lol shorter alert! Nord Stream 2 is a natural gas pipeline…duh

https://twitter.com/marketplunger1/status/1416382010768101384?s=20

If currency changes & low selling prices don’t kill us first! Don’t Harvest quote & keep prices in US$? Instead of rapidly deprecating Reals?

Think the point was actually not about the quality or management doing the deal, but how management/BOD favoured "cherished" Institutional Investors over existing and loyal PI's....thats the point being made not critisism of the deal per se...

There is a strong point of principle here being made. Management should work for their shareholders interests NOT crony Institutions who can't be bothered doing the hard yards and buying in the market like the rest of us did...

Yup, great take on it G_G_G.

Could have been done with more care.

Thanks a lot Tony!

During February and early March, the following oil and propane hedges were executed:

Commodity


Period


bbl/d


Type


CAD/bbl

Crude


1/Apr/21


31/Dec/21


200


SWAP


$73.70

Crude


1/Apr/21


31/Dec/21


200


SWAP


$75.20

Crude


1/Mar/21


31/Dec/21


350


SWAP


$64.50

Propane


1/Apr/21


31/Dec/21


200


SWAP


$32.45



During March and April, a number of natural gas swaps were executed for the period between 1st June to 31st October 2021, totalling volumes of 21.4 mmscfd at an average price of CAD 2.83/mcf.

Hi - Had a look over the past few RNS's but no luck so thought i'd ask again. Has i3E Hedged any of its production? If so how much & at what price? Thought some on here may know. Thanks

You won the bet wit a week to spare G_G_G!

Also I3E beat your expectations too though, by 30% higher flows on Noel & other wells! :)...

Now onto your Farmout prediction! Lol

Nice spot & eye Mesb48!

Well name_mike, we certainly have end markets that are healthy enough for Brian to execute strongly! Look at these guys recently:-
……..
Nutrien Shares Surge After Announcement to Boost Potash Output
By Marcy Nicholson and Elizabeth Elkin
7 June 2021, 17:44 BST
Company expects to increase 2H potash output by 500,000 tonnes
Upwardly revised output comes after Mosaic shuts 2 mine shafts

The world’s biggest fertilizer company Nutrien Ltd. said it plans to boost its potash production by about half a million metric tons more than it previously expected this year amid strong global demand and just days after rival Mosaic Co. was forced to cut output.

The Canadian firm has already sold all of its potash through September based on its original production goals for the year and will require active hiring to boost output across all of its mines, including ramping up its Vanscoy facility in Saskatchewan. The move follows an announcement by its competitor Mosaic to shut two shafts of its flagship potash mine in Canada just ahead of schedule.
“We are responding to strong market fundamentals to ensure our customers have the crop inputs they need to feed a growing population,” said Ken Seitz, Nutrien’s chief executive of potash.

Nice Swngy! Good thinking!

Wonder what Brians thinking, he must have seen something in taking this new property on like this -- especially when we just got rid of what were two other solid potential licences in Sergipe and Capela to 'Focus on driving KP & Arapa'...

Ah, thanks. I'll dampen my excitement then1 ;)