Member Info for tomhuk2000

I messaged him on Twitter yesterday but no reply as yet.

Exciting times Ahead. It would be a shame to miss out as a LTH in pursuit of a small profit.

I keep thinking about buying into this in 2019… what a turnaround we have seen in the past 12 months

Thanks Tony, I agree, I’d kick myself if I missed out after several years of holding here.

Patience will be rewarded… Value will out!

Have a good Sunday!

Slightly off topic, but I was hoping to ask for your opinions on the, hopefully, upcoming dividend.

I’ve not held any shares in a company paying a dividend before and wondered what your thoughts are regarding the effect on the share price in the run-up to and immediate days after of the ex-div date.

One would imagine that the share price will rise up to the Ex-div date and then drop back after as the opportunity to be eligible for the dividend ends.

Would it therefore be worth selling prior to the ex-div date on the rise, therefore forfeiting the dividend and then rebuy at a lower SP after the ex-div date? We all know what happens to the i3 SP when there is a lull of news flow.

I hold 1.5 million shares, so based on projections I would be eligible for a divi payment of just over £2000.

I’m not asking for advice, however it would be interesting to hear how other investors approach a dividend.

Thanks Tony, I’ll message him now.

A Reddit Trader has just responded to his blog on Twitter:

“ More coverage of @i3energy. With regards to trusting the BOD, since the drilling issues in the North Sea over a year ago they have delivered on everything they’ve set out to do. Once the dividend is paid in July any worries about their integrity will be put to bed.”

I agree, despite a few delays (which are understandable due to the complex dividend wrangling) and poor communication i3 have delivered everything they’ve set out to do. Once the dividend is confirmed I think it will provide doubters with hard evidence the BOD are legit.

Hi Tony,

No problem, here is the blog section about i3Energy. He alludes to writing a more indepth analysis in his private Blog this evening. Sadly I don’t have access to that (£95 subscription is a bit steep!)

“ Finally, i3 Energy (AIM I3E TSX ITE.V) announced 2020 year-end reserves for its Canadian subsidiary. Before-tax net present value of cash flows attributable to the proved reserves, discounted at 10%, is $97 million, more or less the same as the market capitalisation. The number for the proved and probable is $183 million. In addition to developing existing assets, i3E also is starting to make further production acquisitions and states an intention to become a dividend payer. This one is starting to gather quite a large following, particularly in Canada, but the key question here is that following the North Sea debacle, can the management really be trusted? More on I3E in the private blog.

In the private blog this evening, CHAR OIGLF 88E EEENF ADV IOG DELT LBE PRD AEX AEXFF TRP RTWRF PVR PVDRF LOGP PPC PPCGF HUR HRCXF CRS and I3E ITE.V (but please note that commentary on all of these is not necessarily positive)”

Oil Man Jim still had a dig about BOD trust issues. Once the dividend is paid surely trust in Graham and Majid must be galvanised.

https://**********************/2021/06/prd-scir-aex-aexff-he1-hlogf-msmn-ukog.html

I3energy should also be featuring in Oil man Jim’s Sunday Blog. He’s always been very critical of the company, so it will be interesting to see if recent events have swayed him. If they manage to convince him then the rest of the naysayers might also follow.

Just rereading the corporate presentation and totally forgot about the $117m tax pool we are benefitting from. A true undervalued gem!

Looks like Oil man Jim is going to cover I3Energy in his Sunday Blog according to Twitter. Let’s hope when the dividend is confirmed we get some mainstream press coverage.

“ Very much looking forward to @Oilman_Jim’s Sunday Blog analysis of @i3energy’s transformative year, charting their rise from plucky zero profit exploratory outfit to global multi asset, profit making, dividend paying Oil & Gas producer…& the best is still to come! #i3E #ite $ite”

I topped up 25k but wanted to buy more. I too am waiting on another frustrating stock to release some funds.
Since the last update from the BOD I feel we are brilliantly diversified and derisked, run that alongside an imminent dividend and I’m more than happy.
The much needed “spark” you are referring to could come anytime. However, I thought any of the recent news would have been enough to see us into double figures.
I agree, the dividend ex div will unlock the cautious onlookers and get them buying again. Any increase in production will see us soar. Hopefully not in the too distant future

GLA

This one seems almost fully de-risked. Topped up a tad and will add more once I sell off some more Futura Med Stock next week.

Very positive... I do hope the market starts to realise soon

I agree with that Tony. It’s hard not to feel frustrated but we are on the right track. I think Majid could benefit from a bit of PR training but can’t knock their business model.
When do you reckon the Clearwater spudding and end of year results RNS’s are due?

Personally, I am extremely frustrated with the current SP. I too agree that Majid shouldn’t do any more interviews and Graham should be the front facing part from the company.
However, despite the delays which are the biggest factor in the loss of momentum, we are set for positive news.
In the short term I’ll be holding for the Clearwater drilling results for the two new Wells out of nine. this will be released on or around the same time as the full end of year results which should make good reading. Given that the Clearwater drills are successful there should be a schedule for further drills released at the same time.

Further down the line of course we have the farm out and also further development of the Canadian acreage.

I would hope that the Clearwater drilling results and the end of year numbers should be released by the end of this week or into the first week of June. This will help boost the SP and help gain momentum.

After such a positive start to the year it is galling that we have lost traction and dropped back, however fundamentally nothing has changed and the future is looking very bright

Cheers! Let’s hope they release the maiden news fast. If I’m getting itchy feet then that says a lot

I’m reading the report regarding the dividend as: there will be a special maiden dividend Q1-2, then it go to a biannual policy approach after that (September)

Or am I getting that wrong and the maiden dividend won’t be until September?

Hmmm

I too think this will develop into a bit of a monster stock. I also have a few investor friends that are in heavy here, however, they all have a very different idea of what “Monster” is. The predictions, based on getting good trading deals on their CE certificate, range from £1 to £4 by the end of the summer (That’s not including US approval by the end of the year)

Does anyone have any thoughts/predictions?

Just read a post on Twitter pleading with Elon Musk to give i3 a mention... Desperate times call for desperate measures.

All credit to them, a few posters on Twitter have done more PR this week than i3 have in the past year. Shame no ones listening

Good volume on TSX so far. 800k traded within first 20 mins and up 6.25%

I know sentiment this side of the pond has been damaged and is a bit threadbare... but honestly, what will it take for this to rerate?

Great news, however they need to start plugging this with a big PR campaign. Starting with a proactive investor interview and start spreading the word!

They’ve done a cracking job and now need to shout about it!