Member Info for tonynorstrom1

Can anyone remind me of the name of the Financial Commentator on a podcast a month or so back (may have been Proactive Investor) - Very bullish on i3e - he thought the numbers looked great and could not understand why the SP was so cheap and the punch line was that he had never heard of i3e before.

I got some input from Shubham Garg on what he thought i3e could do to help close the valuation gap on i3e relative to peers - i'll share a little later if people are interested.

I was waiting for GGG to give his comments since he started this debate and then i'll put an email together and fire off to i3e.

Also and open invitation to Louis10(jim) to give his input - dont hold your breath - constructive input is not normally his game !

Oilman Jim (Louis10) - your getting a lot of bad press on several BB’s - cannot be doing your paid blog any good - why bother ?

I think if you were a decent analyst - you would post your numbers to justify your remarks.

Your not able to and I think it’s quite apparent to virtually all on this and other BB’s.

How so Jim you idiot ?

Has Oilman Jim (Louis10) added anything here other than rumour , innuendo and dragging the discussion into the gutter.

Has he backed up anything he has said ? Just remember - Jim is stupid and he’s trying to flog a paid subscription (extremely over priced I may add) - using his words - best ignored !

Jezzoo,

Some merit in what you say, however:

1) I3E have already addressed the share consolidation issue - they’ve said the institutions are against it - it reduces liquidity apparently. Personally not interested what the institutions want - I want the best for I3E / PI’s. However - as the largest holders II’s will get their way.

The second thing with share consolidation is that in general - weak companies consolidate. Strong companies split - so the message is all wrong imo although I would eat my pride if there was a solid reason to do it.

2) Moving to a new exchange is an interesting idea - not sure Canada is the answer - they also have a slew of undervalued Companies so no guarantee that this would automatically rerate I3E and of course the second reason is that most investors including II’s are uk based so not sure we would get agreement.

A move to the FTSE Small Cap index perhaps - interesting - not sure of the pro’s or cons but might be worth asking the Company.

I agree with that Jolly - have you thought about emailing the company.

GGG,

"From my pov I think mgt are too focused on operations, which they do brilliantly, but feel they also need to address the yawning value disconnect."

1) They've hiked the dividend - one of the best in the sector.
2) The're growing production and from what i've seen - seems to be at an above average rate for Canada.
3) They are increasing engagement with Canadian Brokers / Institutions - you saw Ryan Heath attending a Houston Oil and Gas Conference a month or so back as one example.

About the only thing they have not tried is buybacks and there are mixed views on that here in any case. So what else are you suggesting ?

Market sentiment is low at the moment for various reasons and their fighting against the tide. Oil fundamentals seem to be improving - I think i3e are doing the right thing in boosting production and when the tide comes back in - the SP should follow.

https://www.youtube.com/watch?v=FhNk3x3JbLM

Great interview with Shubham Garg yesterday - provides a bit of clarity / back-ground on the Oil Macro and answers the question why Canada. What a pleasure to listen to someone that knows their stuff. All very applicable to the question - why i3e !

What a contrast to the cut and paste, shallow usually baseless garbage put out by Loiuse10 (Jim)

GGG - I agree there's a disconnect between i3e and other Canadian stocks in reference to valuation - this value disconnect was beginning to close albeit slowly and then we had a couple of own goals:

1) A duster at Serenity - should not have made a big difference as Serenity did not appear to be priced into the stock in any case - however, the reality is that a duster is never good for the SP.

2) Self inflicted wound of 2 NOI misses - not reflective of i3e operational / financial performance but rather a misguided / naïve approach to forecasting i.e. using strip pricing in your model near the top of the market. I3e's results were as good as pretty much anyone else's - they just didn't forecast the way other Companies in Canada forecast .

Testing times for sure - I for one still have confidence in i3e's business model / strategy which should pay off if the macro picture plays out as expected - nothing is guaranteed except death and taxes !

“This shares a dog” - your opinion and your entitled to it, however,

1) if the oil price goes from $125 to $69 - you’ve got to expect a significant impact on SP. This is a macro event and nothing to do with the Company. If your not prepared for the fluctuations in the POO then you have to question your own decision and not those of the Company - perhaps you should’nt be invested in an Oil Company.

2) Not everyone is down on - quite a few people bought in at 5p and upwards. Whilst the SP decile is frustrating - it’s somewhat understandable in the context of the POO, Banking Crisis and a looming recession.

3) As someone mentioned - the Company is executing on its plan and growing production a paying a handsome dividend (well covered) - not a dog imo but a well managed company.

4) if you believe in the bull case for oil and particularly the reopening of China / Supply deficit in H2 - them I3E holders could be very well rewarded in terms of SP appreciation later in the year. Stock are not a short term investment unless you are a trader like Jim.

I would like to see the tweets that you refer to Jim (Louis10) - "Jim" has not engaged with me in a couple of years on twitter - so what tweets can you possibly be referring to - I don't suppose your willing to share ?

Jim - how has all the negative comments you've received recently on this BB and the others particularly the PANR BB affected your subscriptions - cannot have done them any good I suspect. There's an old saying in Tennessee — I know it's in Texas, probably in Tennessee — that says, fool me once, shame on — shame on you. Fool me — you can't get fooled again - you know what I mean - investors have your ticket !

https://twitter.com/Adz_UK22/status/1635704491755307008

Did you get a chance to look at the Subham Garg podcast I showed you - he's a holder of I3e and quite bullish - quite a vote of confidence from a real Oil expert.

The 2022 financials should be solid - but are they going to move the needle i.e. surprise the market - I have my doubts - we already have 4 quarters of production data / updates along with the H1 report. i3e's financials by the very nature of their business model are relatively easy to model ahead of results (Stable cash flows underpinned by hundreds of producing wells.) So i'm personally not expecting any surprises there.

The reserves report potentially could offer a bit of a boost as the "rules of credit" are quite complex and i3e have drilled a couple of exploration wells that wev've heard nothing about.

All will be revealed in the next few weeks.

Also- We might get a nice surprise also from the Wapiti/Cardium wells being drilled in Q1

I'm a very bemused by the timing of WHI's update especially as its a "Corporate Sponsored Communication". The Oil and Gas Prices used in the update may be reflective of the last month but are below year todate averages and below what many expect to be full year averages. I dont see the point of issuing the update now !

Anyway using the Oil & Gas pricing that WHI have used and their 5 x CFO model - I arrive at a price around 30p. Of course CFO includes tax and hedging loses which have to be guestimated - is WHI's guestimate accurate - there numbers have certainly been off in the past !

Reported !

You should be able to access it via the I3E website - investor section/analyst coverage/WHI.

I think you sign up and then get a link.

Jim - the note also says i3e trading at a discount to peers in an already undervalued oil sector by historical standards. So IMO the SP is well supported at these levels and were being paid an 11% dividend whilst we wait on Management to execute on the plan.

Did you get a chance to look at the Shubham Garg Podcast - very upbeat on i3e and pleasing to hear from a real expert. Just to summarize what he said:

1) Production numbers look good (met their year end targets)
2) Oil significantly increasing as a percentage of the production mix - very positive for revenue moving forward.
3) Wapiti / Cardium Wells performing very well - i3e have quite a bit of acreage in this area close to where Whitecap are drilling some very good wells.
4) He liked i3e's Engineering expertise and some of the optimizations that they are implementing such as increased casing size, longer well bores, gas lift etc and the results on the new South Simonette Well very good. Also a lot of Overriding Royalty Acreage in this area and he thought that Simonette could really "juice up" i3e's results.
5) He liked the Clearwater Acreage of which I3e has a large holding in or close to some of the very best spots.

He puts you to shame Jim - take note

What does it tell us Jim - please tell !

Jim or Louis 10 whatever you are calling yourself today:

1) Interesting that you have Nuttall in the "subject" in your post below - Eric posted a couple of interesting tweets today on on valuations. Worth a look and he by the way is what an "Oil Expert" looks and sounds like - you should pay attention - maybe you could learn something.

2) https://www.youtube.com/watch?v=LHGqDswKoN4 - Shubham Garg - he's only been on twitter since 2021 and already has three times your following. (Link was kindly posted by Miniforvalter below )- skip to 2h 37mins and you'll find out why investors are interested in i3e and also why the dividend is solid. Again Shubham is a real "oil expert" and has no need to blow his own trumpet - his quality research / podcasts do the talking. Again - take some notes you could learn something!

And here's a tip for Uncle Louis - give up trawling the LSE boards spreading rumours and pretending to be something you're not - its embarrassing.