RE: Oil15 Mar 2022 08:02
No i don't think we will drop further, SP is at strong support level and the SP rose really quickly over the last couple of weeks, which has now settled.
When people say the price of oil has dropped, this makes me laugh, we were at $80 and now we are at $100+, the $132 was a over reaction to the war, the oil price around the $100+ range is excellent, lots of profit for I3E
Finally it is a great feeling to get the dividend on a monthly basis and re investing into the company makes you get even more £££ dividend every month, I can't believe we are back to 19p range, but for sure I am topping up at every opportunity.
When we were at 12p, i was attacked a lot for suggesting we will go to 15p, then 20p then 25p, well those days are here, now i think 30p will be reached shortly and even 50p is in our range by August / September