Member Info for tonynorstrom1

So those that suggested i3e should be focusing on Oil - this is what I3e are targetting:

https://1drv.ms/u/s!AoSqKfvcR4IMgYNIkUGs1CG5yP5jng?e=I9CFWq

These Whitecap wells are very close to i3e's Wapiti / Cardium Acreage - i3e had 3 or 4 Wapiti wells licenced in late November / December so are in the process of drilling / completing.

Hopefully we get a couple of gushers like these.

Oil and Gas Lead Operator
i3 Energy
— Grande Prairie, AB
Possess a valid Class 5 driver’s license – drivers abstract is required. Conduct routine monitoring and maintenance of producing wells, test facilities and…
Estimated: $52,699 - $66,728 a year

Wish I has a class 5 driving licence.

"Maybe we don't have a large enough oil percentage in our production and with the extreme volatility of gas prices it may make us less attractive. Opinions ?"

In the very short term - Canadian Gas Prices look under presure - after that no one knows where prices are heading.

However, slightly further out, the findamentals for gas are looking much better - the transition fuel of choice and also Canadian LNG Projects coming on stream from 2025.

So if you are looking to make quick profits - maybe bitcoin is for you. For more patient investors - have a thesis and have the patience for it to platy out.

I should have added that the hedges in March are very similar to February so I would expect a significant hedging gain again cushioning the down side. So imo - its only from April that we need to pay more attention to the prevailing gas prices.

i3e have some great hedges in place particulary in Q1.

So as a reminder - January gas (as is always the case) was sold at the montly index which was around CAD 5.80. The monthly index for February is about CAD 3.90 but with the hedges - the effective sale price is something over CAD 4.00 and ive not seen the hedges for Q2 yet so unable to comment.

So as of the end of February - i3e's estimates for Gas revenues are not far off the mark relative to the guidance they have issued.

As far as what happens in March and beyond - i'm pretty sure there is no one here that can predict the future - so any talk of projections needing to be revisited are a little premature.

Ref targeting Oil rich wells - i'm sure they are already doing this and in fact the wells that are currently licenced / being drilled by i3e are listed as Oil rich in the Cardium / Wapiti as well as a couple in the Clearwater which is almost 100% Oil.

I've never advocated glossing over the facts positive or negative - but regurgitating historical stuff and being overly negative (Imo) is not only not constructive but you could also say is misleading potential investors.
"This is a great investment but it could be better and it could be made better with more PR and buybacks at this price." - you make the mistake of confusing your opinion with fact- this is your opinion.
So on buy backs – and in my opinion which I’ve stated it here before – would be helpful, even if it was initially a small scale - but I have no hard data to support whether it is effective. I remember voicing this and being shot down by a few including GGG to say they don’t work and are a waste of money. It’s also worth noting that some on here were quite vocal/adamant in stating that the only "guaranteed" way of driving up the SP was by bumping up the dividend. Well they have done that and so far we have not seen long term results.
So, I raised this very issue recently with i3e and got the following response:
"We do believe investing capital in our high return projects should in the long run have a bigger impact on share price growth than a share buy-back program. We have looked at the share price response of a large peer group to announcements of a typical buyback programme (i.e. 10% of share cap/yr) and found the response to be insignificant (~2%) and the longer term response to be difficult to isolate and detect."
So they have looked at it and with some analysis and not just an opinion and concluded it’s not effective/ the best use of cash.
On PR – this is again your opinion and very subjective. Imo recently the PR has been alot better including the recent podcasts and the January Corporate Presentation.
So imo - stop the whining and let management do its job. There’s no one here that’s posted anything that suggested to me that they know better than i3e management on how to run the Company and drive up the SP. I think we are going to have to rough it out , be patient and give managements Strategy time to play out

GGG,

I dont think so GGG - get your calculator out and do the maths and see whether BP was a good investment with dividends reinvested and something perhaps more sensible to invest in that i3e - I dont think so at all.

I must say quite a few posts here do sound alot like whinning and very unhelpful imo. The NOI misses is the past - I see no point in bringing them up now - it seems like an own goal especially if you have a large holding.

The communications have been better and the January corporate presentation was fantastic. If I was reading your posts as a potential investor - i'd be thinking of looking elsewhere. Just what you think you are achieving - I have no idea.

Yes Jezzo - but if you had bought BP at its high in 2000 (23 years ago) - you would be sligtly down and inflation adjusted you would be 50% down - terrific - I think I will get me some of those BP shares.

Also if you buy the Euro lottery tonight and win - then ...............

I've been in contact with him in the last week and obviously one of the topics was i3e.

Just for information - Shubham Garg is back into i3e at CAD 32.50 and will be looking to add more if it contibnues to lag peers !

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

GGG - I think your blood sugar is out of whack - take a pill and have a lie down !

https://twitter.com/eri****tall/status/1625183242516152341/photo/1

Was going to try to put a sarcastic twist on it to make certain people happy - but then I thought F@ck It - not on my watch - this is a serious board for learning and sharing idea's. If your after laughter - go and watch Jimmy Carr !

as per the recent Presentation / Q&A - Q4 update to be issued 1st half of February. Next week or even tomorrow?

https://twitter.com/WhiteTundraSG?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor

Check out his latest updates. In summary, out of the 58 Companies he tracks (just about all in Canada) - NTM FCF Yields at Strip:

Dearest Rubellite 0.6
Cheapest PetroTal 42.1
Average 14.6
i3e i3e 28.9

So we trade at a 50% discount to average. Only 3 Companies cheaper - Petrotal, Vermillion & Tenth Avenue Petroleum.

So the general consensus is Toad is talking sh@t again ! But this is what's really bugging me - who the f@ck is Norm Stits - sounds like a character out of the Goodfellas !

there you go - my top up earlier today already in the money. For me what's not to love - For Toad - It must be the time of the month !

I think many people and perhaps some institution will use Stockopedia for the raw data. – I think more clued up investors do not rely on their analysis of the data. In my opinion and from experience here and on a couple of other stocks – the analysis has been generally poor. So here are some of the main indicators of a value trap:

1) Inconsistent or Declining Profit (I would say that this is generally not true with i3e – whilst they suffer from lower oil prices like any other commodity company – significant production growth is offsetting price weekness)

2) Lack of growth Catalyst (This is definitely not true with i3e – Simonette and Clearwater are both capable of tripling or more oil production by themselves)

3) Rising Operational cost (this is an industry issue and not unique to i3e – this may even become an advantage for low cost producers like i3e)

4) Poor Economics (not true – i3e has industry leading FCF yields in an industry that already has great metrics)

5) High Financial Leverage (Not true – i3e are close to net debt free)

6) Management missing business goals (I3e have generally done everythink they said they would do and more with the exception of one poor NOI forecast)

So I would say without a shadow of doubt (imo) that this is another one that Stockopedia has got wrong - any sensible thoughts appreciated.

yes but air con units run on hot air and there's no shortage of that here !

https://www.mining.com/web/the-fossil-fuel-elephant-in-the-electrification-room/