The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
"Being backed by a major bank in Canada (wonder why can't announce who it is?)"
In Soviet Canuckistan carbon financing must be kept secret, otherwise the Red Guard will be protesting at your in laws door.
What am I missing here though, were is the money we borrowed ?
It's being used to pay the divvy
"- just pointing out that Canucks assertion that i3e couldn't be bothered is factually incorrect."
Is it also 'factually incorrect' to say they couldn't be bothered to find a CFO for almost a year?
"What investors need to ask is whether we’re turned the corner on such things as PoO, interest rates, inflation, risk of recession; and whether the huge discounts in LSE/AIM companies are attracting investment (rather than opportunistic T/O bids)"
Don't know about UK, but in Canada nobody is touching small cap E&Ps with a 10 ft pole. Mid-large cap, quality names are much preferred. It is now a stock pickers market, and this management and board need to start thinking who might actually pick this stock among the plethora of other, higher quality names.
This is why Investor Relations is crucial. Other, smaller Canadian E&P recognize that their base is retail 'apes', and they go as far as to booze them up and provide free swag. Whereas this company couldn't be bothered to produce Canadian quarterlies until now.
Indeed Joe.
GBP 148M 'fair value' is 50% higher than where the share price trades today. So, I wonder if that's the 'baseline' from which this Board and Majid-ment wish add more value, or due they want to broadcast to Mr. Market that they think this is a GBP 148M co?
Pine Cliff will barely spend $10M in capex in 2024. That that 10% decline rate better be real.
Clearwater is the fairway: it has regions such as Dawson, Cadotte, and Martin Creek in it.
We are specifically speaking about Marten Creek.
Since we are having ZERO qualms about poAsting AI generated shyte, Imma go on a limb here and say I3 has sold some "Clearwater".
https://x.com/DerAchsenZeit/status/1764079574500216832?s=20
"with this level of hedging, PIs will need to contain their excitement at upward moving commodity prices as the bottom line will be less affected."
WH Ireland says the production is 25% hedged. Likely higher proportion of gas volume is hedged, than oil/NGL
Hedging: i3 Energy provided its updated hedging book and, based on our estimates, it has hedged 25% of 2024 production (after royalties)
Simonette is far more likely.
https://x.com/i3energy/status/1687396196887773185?s=20
$12 natty, and $120 oil is on the menu again?
I'll take it.
" Crazy swing based on little evidence. "
Little evidence? Have you seen the gas prices in North America?
" I received a response almost immediately. "
Ah, the good ol' "5p investor privilege".
"they must maintain a minimum bank balance of CAD 10m at ALL times."
I3 has renegotiated this clause with Trafigura in October, to make cash management easier.
As Trafigura is the sole customer, and has a commercial agreement as well as a loan agreement, the loan agreement now referencing to cash balances AND the timing of when product is delivered to Trafigura. So, that $10M balance no longer need to be continuous, but is now discrete.
https://pbs.twimg.com/media/GFM5qIraIAACecv?format=png&name=small
Those that invested at 5p. Not much else could be said at this point.
Https://pbs.twimg.com/media/GFPW4TWWoAAQgsL?format=png&name=900x900
Monthly dividend payer, half the production but similar gas to oil ratio. A bit of a 'sneaksy' release as it makes it look like total production will increase 7% despite capex cuts anyway. Instead, they are rather talking of just the oil portion of their total production. Due to market volatility and 'low' sentiment, 2025 guidance is withdrawn. Nobody can plan under these conditions.
https://boereport.com/2024/01/29/inplay-oil-corp-announces-2024-capital-budget/