Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
It seems that i3e is being judged as if its income comes from the North Sea and is subject to the 75% windfall tax.
For an acquisition to make sense it has to be cheaper per barrel etc than i3e.
40mil tops for 5000bopd ?
If they are looking to raise for an acquisition, where on earth are they going to find a company cheaper then themselves?
As long as the dividend stays, at least it's nearly 13% now.
Mine is showing DEC as blue today. Anyone know what's wrong?
Look on the bright side, if it stay this low it'll be good for picking up cheap shares when the dividend gets paid.
i assumed Henry Hub gas had crashed today, but it's up slightly. What is driving the sell off here, it sure isn't related to the price of gas.
Yep. No way am I topping up more yet. When the price of oil goes up there doesn't seem to be any effect on the share price.
However, falling oil will always pull it down so it's hard to see where gains can be made at the moment. Other than getting a cracking monthly dividend. Sellers are obviously getting a higher dividend paid more frequently somewhere else but I can't find where.
One of my other shares, DEC, is yielding around 16% at the mo and even that doesn't seem enough.
I swear every time I check on the price in the morning and it's up a little, when I have a look in the afternoon any gains are reversed and it's down. I really would like to know where people are getting a better yield. Any ideas?
Just hope we're not being softened up for a cheap takeover.
Can someone tell whoever is running the algos that they've got it wrong.
When oil and gas go up you're supposed to be buying, not pushing it down.
Unless someone has got it the wrong way round today by mistake?
Oh well. Should we be wanting oil to drop then in order for i3e to go up? I don't get this share. It sells oil and gas yet when the price of those commodities rises, the share price falls. Also when the price of those commodities fall, it also falls. Trying to work out what has to happen for the share price to go up.
How low has it gone this time? I assume back to the 60s going by the share price here.
Was my thought when I saw the share price.
Just looked now though and it's saying nearly 10% up. Thought the gas price was supposed to affect DEC or does that only happen when it's going down?
Not sure if anyone has posted this yet but Apache are to cease all new drilling in the North Sea.
The UK government’s efforts to boost investment in the North Sea by scaling back the windfall tax on oil and gas producers have been dealt a blow as one of the basin’s leading operators blamed the levy as it halted drilling.
Ministers introduced a price floor on the windfall tax on Friday following months of lobbying from the sector, which argued it was deterring investment, and putting jobs and energy security at risk.
However, hours after the announcement Apache, operator of the Forties oilfield for the last 20 years, said it would halt all drilling in the North Sea, blaming the “challenging UK macro environment with its increasingly costly and burdensome tax and regulatory regime”.
The company confirmed that the move would lead to job losses in Aberdeen.
Apache produces about 50,000 barrels of oil equivalent per day, according to analysts Wood Mackenzie, making it the North Sea’s ninth largest operator.
Well done Mr Hunt.
Don't worry, next time oil takes a fall, I'm sure we'll go up to make up for it.
They should try and sell their stake in Serenity to be honest. North Sea assets are effectively worthless now.
Plus it's probably going to get worse when Labour get in. Can't believe how stupid politicians are when they could be getting billions in future tax revenue from oil and gas but now will probably end up getting nothing by killing off the North Sea completely.
Yep the market is effectively saying DEC has 4 to 5 years left at the current divi yield.
Bit strange that only a few days ago we were just about to touch a quid and yet here we are touching multi year lows.
What did someone find out in the last few days and why haven't shareholders been told if that's the case?
98p earlier in the week and now 85p. Way to go market. What does it know that we don't ?
All the gas has disappeared? The hedges won't be honoured?
Seriously tempted to buy more next week now, thought I was getting a bargain when I topped up under a quid recently.
Is that a 10% fall in just 2 days? Not bad going even for this crazy market.
And that's from a ridiculously low valuation already.
Makes DEC a serious bargain at the mo though. Every cloud and all that.
Only $5 per boe? Good job they didn't pay much per barrel for Tailwind.... oh wait!
So we can all buy loads and get 100% yield.
There would still be people saying it's a risk.