Member Info for Sturm

Anyways, due to dilution the market cap is much higher now. And ATH market cap is probably just 2 CAD now instead of 3.

Didn't calculate it; just a semiqualified guess.

..... ✓ number 5 is all about production, last seen at 6,924 with a roughly 75/25% gas to oil ratio it is planned to triple by the end of the decade, and as I’ve mentioned, plenty of capacity....

= they build twice the capacity needed, wasted time and diluted shareholders too much. I know people worship XM; but clearly they've misread and missjudged the project, while diluting LTH's. Free lunch for the BoD, not for us.

We can only hope one of the next 2 better placed wells will perform as originally expected. The good thing is ofc. that TXP is making money (8,814,000 first 9 months of 2024), the market cap of 68mm USD is more than justified.

7 more weeks for a full ER; hopefully good news on the drilling and financing before then.

And ofc. we still have to cross our fingers.... that fat BoD is likely bored, eager to shine (instead of walking the talk), so I'm not sure they're done chasing wild geese.

Since there are no significant institutional investors among the shareholders, a takeover is unlikely. Who, then, would take over—and from whom?

It’s going to be a rocky road until the mad orangutang and his gang og alpha monkeys lose the midterm election. Who’s next and what country will be the first to impose +100% tarifs on American BEVs #lextesla?

I've had no problems and also received an amount for the fractional share.

Not sure "drill-baby-drill" will help GTE in any way though.

We need news regarding financing and an operational update. Investors worry about what the board might do to bask in their own glory, as their ability to focus seems to hover just slightly above nil.

Just think about what a different place I3E holders would be in, if the company had bought back shares instead of those dividends. And keeping some shares in the vault for a rainy day or a cheap acquisition...

Anything promising re. this stock? I got a few from I3E, what a management fockup that was....

Looks like most of the value is still hot air and will take a lot of CAPEX?

Any discord for this?

If you look at the presentation, they're trading at a discount to peers. If they soak up more shares, the metrics per share will improve. That's not going to change anytime soon.

So far they've spent around 160 million CADs on dividend (incl. a very small fraction on BB). Had they spent that on BBs, they could @0.72 CAD have bought back 222 million shares or around 24; hence increasing the intrinsic value per share by 32%. I'd prefer that as a LTH; i'd rather have 32% more dividend per share "forever" than the past 6 quarters of dividend.

Ofc. this will affect the SP.

Valeura #VLE is handling this much better. Same size as #PTAL; they've begun shareholder return and are doing this by buybacks. Once the metrics improve and the share becomes fairly priced, they can swap return to dividend. Buying extremely cheap shares is just better for compounding. Cheaper than peers: BB. Much more expensive than peers: Acquisitions via dilution (I don't really mean that, but I think you get my point).

There's no reason to maximise Bretana production. CAPEX to build capacity to handle peak prodcution will be very high (might need a bit more, IDK). It's simply more economical to have high production for longer instead of a bursting peak production. It's much better for LTH's if they buy back shares instead of burning capex on capacity that has a low lifespan. Or they can develop other zones.

But they'll hardly reach the 2 billion USD market cap if they don't manage P/E (etc.) And that's done via share buybacks.

English isn't my native language, so I often misspell words :) Usually, the meaning stays intact.

And I know the difference between 'their' and 'there,' unlike some Brits :D

I think we've learned that it's prudent to expect 60 days of execution time from whenever PB says something is eminent and just a formality. So I'm not holding my breath on financing news tbh. But I hope we'll get an update soon about december production and rig/drilling news. At the very least, higher brent price is helping a bit these days.

Financing can take a while. But the market cap is so small that they can’t do it through dilution :)

But at least drilling for their own money shouldn’t be too far away.

Still strong. At some point it should result in an uptick.

... is behaving quite nicely. Should help a bit. I'd say there's a lot of rocket fuel getting loaded, so the prerequisites for a rerate are getting into place. Non-dilutive financing is the most important atm.

With good news IMHO we will just trash 30p. Volume vil make sure of that. At least in Canada.

So what's the next major wall?

So you're telling me I couldn't always sell 1 million shares for 1K £ if I was desperate enough?

You can always sell. Just not always at a price you're willing to accept...

There's no need to guess. The report states the BOPD.

Since it's fiscalised production, sales may be a bit lower or higher. But that's just timing.

Nope.

The same link states anno 2024 = 17,475 BOPD.

Which, I guess, might be preferable for shareholders.

Why? I suspect the (somewhat greedy) management were to get another million PSUs for beating guidance...

Guidance for 2025 will be quite interesting. Brent is behaving better, but IMO requires some discipline. It might be better to restrain CAPEX and keep production "high for longer" instead of "highest possible - for a short while".