Member Info for surprised

Fundamentally strong business, great assets, bullish on both oil and gas prices going forward, looking at M&A to grow and add value, the current lower oil/gas price still leaves plenty of room for growth and to add value, feels current sp is very cheap and any increase in oil price provides a quick uplift in FCF .......Majid

Free cash flow will substantiaaly increase on rising oil/gas prices, as expected over coming months....

Future acquistion will be with debt ....Majid

Https://twitter.com/surprised_trade/status/1676474093321723905

Dust settling and everyone's adding to holdings....

JP Morgan holding up to 7% from 5% & CEO adds 96,318 ordinary shares at a price of 12.7 p

Chairman purchased 470,000 ordinary shares in the Company at a price of 14p

Jp morgan holding up to 7 percent from 5 percent

&

Majid Shafiq, CEO, purchased 196,318 ordinary shares of 0.01 pence each in the Company ('Ordinary Shares'), at a price of 12.7 pence per share.

Overall short position reduced

Qube Research & Technologies Limited 0.57 16/06/2023

Qube Research & Technologies Limited 0.49 30/06/2023

Marshall Wace LLP 0.78 Total 0.78% (0.78% total

The level of disclosed Short Interest in CWR has changed materially.

Short Interest has moved from 1.35% on the previous trading day to 0.78% today. That is a movement of -0.57 percentage points.

Fair value estimate 22.3p

. We continue to expect a strong 2H 2023 for both oil and natural gas prices and believe the measures taken by i3 Energy will

ensure it retains balance sheet strength and flexibility for a broad range of commodity price outcomes. We are particularly encouraged by the company’s drilling results and land acquisitions in the Clearwater formation and the increased focus on oil weighted production growth

Flexibility:

i3 Energy stated that it remains flexible and able to adapt to further commodity price dynamics, potentially drilling more aggressively should energy prices rise convincingly in 2H 2023 – as we expect.

• Conclusion:

i3 Energy, we believe, has reacted conservatively to lower energy prices, unexpected developments outside of the company’s control and the demands related to the conservative amortization profile of its newly secured debt facility.

Although we believe that the outlook for both oil and gas prices is exceptionally robust for 2H 2023, we believe i3 Energy has taken measures to keep its balance sheet strong across a range of energy price outcomes.

The company stated that as a result of cash allocations towards the repayment of its debt combined with the other mentioned factors, it will be transitioning to a quarterly dividend equivalent to an annual amount of 1.026p/sh.

For anyone looking ahead a few week/months the gas crisis is far from over and competition for supply is expected to heat up along with prices over coming weeks......interesting few months upcoming from the KiST sp current low.

Europe’s Gas Prices Show Shift in Risk to Winter Next Year

Mild weather, LNG have aided preparations for 2023 cold season

But region remains vulnerable to any supply disruption

(June 2023)

The spread between Europe’s natural gas prices for this winter and next is widening, signaling near-term risks are easing but greater uncertainty ahead...

https://www.bloomberg.com/news/articles/2023-06-08/europe-s-gas-prices-show-shift-in-risk-to-winter-next-year#xj4y7vzkg

Https://www.bloomberg.com/news/articles/2023-07-04/austria-to-traders-don-t-bank-on-russian-gas-transiting-ukraine?utm_medium=social&utm_campaign=socialflow-organic&utm_source=twitter&cmpid%3D=socialflow-twitter-energy&utm_content=energy#xj4y7vzkg

Austria to Traders: Don’t Bank on Russian Gas Transiting Ukraine

No guarantees Russian pipeline gas will flow, minister says

Failure is possible even before transit accord ends

Austria’s top energy official has a message to natural gas traders: don’t bank on Russian fuel continuing to flow into the European Union via Ukraine.

Traditionally one of the Kremlin’s best and oldest gas customers in central Europe, Austria is redoubling efforts to reduce its reliance on Russia shipments, which still cover more than half the country’s demand. Much of the fuel transits pipelines crossing Ukraine, but that could change quickly, says Energy Minister Leonore....

https://www.bloomberg.com/news/articles/2023-07-04/austria-to-traders-don-t-bank-on-russian-gas-transiting-ukraine?utm_medium=social&utm_campaign=socialflow-organic&utm_source=twitter&cmpid%253D=socialflow-twitter-energy&utm_content=energy

Lol...

Audi and Russia make cuts to supply through August, Sauidi started reduction of supply at the weekend, so any squeeze on supply will be a few weeks down the line as inventories reduce gradually. Paper trades will likely adjust over coming weeks and at worst prices likely to maintain current levels , leaving FCF, profit making business like SQZ in a healthy increasing cash position, at best FCFand profits climb with cash growing even further daily and future divi increases along with capital growth from the current low sp level.....interesting three months ahead :-)

Saudi and Russia make cuts to supply through August, Sauidi started reduction of supply at the weekend, so any squeeze on supply will be a few weeks down the line as inventories reduce gradually. Paper trades will likley adjust over coming weeks and at worst prices liley to maintain current levels , leaving FCF, profit making business like SQZ in a healthy increasing cash position, at best FCFand profits climb with cash growing even further daily and future divi increases along with capital growth from the current low sp level.....interesting three months ahead :-)

Https://twitter.com/BloombergNRG/status/1675799910262755328

Saudi Arabia said it will extend its voluntary production cut of 1 million barrels a day through August, Russia says it plans to also cut crude export flows next month,

Saudi Arabia will prolong its unilateral oil production cut by one month, keeping a lid on supply even as the market is expected to tighten

Https://www.bloomberg.com/news/articles/2023-07-03/russia-pledges-to-cut-oil-exports-by-500-000-b-d-in-august?#xj4y7vzkg

Russia plans to cut crude export flows next month in an effort to keep the global market balanced, according to Deputy Prime Minister Alexander Novak.

The statement came shortly after Saudi Arabia, a key ally of Russia in the OPEC+ group, said it will extend its voluntary production cut through August ,

Russia Pledges to Reduce Oil Exports in August After Saudi Extends Voluntary Cut

Saudi Arabia said it will extend its voluntary production cut of 1 million barrels a day through August and Russia says it plans to cut crude export flows next month,

Russia also plans to cut crude export flows next month in an effort to keep the global market balanced, according to Deputy Prime Minister Alexander Novak.

The statement came shortly after Saudi Arabia, a key ally of Russia in the OPEC+ group, said it will extend its voluntary production cut

https://www.bloomberg.com/news/articles/2023-07-03/russia-pledges-to-cut-oil-exports-by-500-000-b-d-in-august?#xj4y7vzkg

Https://twitter.com/BloombergNRG/status/1675798252241793026

Saudi Arabia will prolong its unilateral oil production cut by one month to the end of August, keeping a lid on supply even as the market is expected to tighten

Https://oilprice.com/Energy/Energy-General/IEA-Warns-Of-A-Spike-In-Energy-Prices-This-Winter.html

The head of the International Energy Agency has said that energy prices could rise again this winter, potentially forcing governments to subsidize consumption.

A combination of China’s economic recovery and a harsh winter in the northern hemisphere has the potential to send energy demand climbing.

The warning from the IEA echoes the recent message from Germany’s energy regulator that the energy crisis isn’t over yet.

Https://twitter.com/BloombergNRG/status/1674743839691620352

European natural gas prices are set for their biggest monthly gains since last summer following the most volatile month for trading this year

Pressure on gas supplies mount

China is on track to be the world’s top importer of liquefied natural gas in 2023. Companies in China are agreeing to buy more of it on a long-term basis than any single nation, according to data compiled by Bloomberg News

China is on a natural gas shopping spree, and officials are happy for importers to keep striking deals even after a global energy crisis has eased.

The government continues to back efforts by state-owned buyers to sign long-term contracts and even invest in export facilities, in order to bolster energy security

The nation is on track to be the world’s top importer of liquefied natural gas in 2023. And for the third straight year, Chinese companies are agreeing to buy more of it on a long-term basis than any single nation, according to data compiled by Bloomberg News.

China is looking well into the future to avoid a repeat of energy shortages

https://www.bloomberg.com/news/articles/2023-07-02/china-is-buying-natural-gas-like-there-s-still-an-energy-crisis?utm_content=energy&utm_campaign=socialflow-organic&utm_medium=social&cmpid%3D=socialflow-twitter-energy&utm_source=twitter#:~:text=The%20nation%20is%20on%20track,data%20compiled%20by%20Bloomberg%20News