I3 Energy Ord Shs T.ITE

Alternate Symbol(s): ITEEF

Energy Oil & Gas E&P

i3 Energy plc is an independent oil and gas company with assets and operations in the United Kingdom and Canada. The Company's principal activities consist of oil and gas production in the Western Canadian Sedimentary Basin (WCSB) and appraisal of oil and gas assets on the United Kingdom Continental Shelf (UKCS). The Company's wholly owned subsidiaries i3 Energy North Sea Limited and i3 Energy Canada Limited are independent oil and gas companies with appraisal assets in the United Kingdom and producing assets in Canada, respectively. It holds the P.2358 license in the UKCS which contains the Serenity field discovery. This licence also contains the Liberator field discovery and the Minos High prospect. The Company holds various mineral licenses across its main operating areas in the WCSB, being Wapiti, Simonette, Clearwater, and Central Alberta. The Company's Canadian production asset base consists of over 850 net conventional oil, natural gas and natural gas liquids production wells.

TSX:ITE - Post by User

I3 Energy Ord Shs > Fcf yield +60%

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Comment by Justhalffullon May 10, 2021 5:05pm

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Post# 33170111

RE:RE:RE:Fcf yield +60%

Ridiculous. Where do you get the $60 per day for dividends from hedging number?
While they have yet to release their Q1 2021 numbers, most estimates for annual FCF for I3 is about $30 million. They have stated 30% of FCF will be applied to dividends, which would mean about 9 million per year, or $2.25 million per That equates to a dividend of less than 1/3 of a penny per share. .

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