RE:RE:RE:RE:RE:RE:RE:RE:RE:ITE97 yes my bad for not fully completing opinion. Not elaborating on numbers, EV per flowing barrel, EV/EBITDA, etc. or any other metric you wish to reference, they are all in I3's guidance .
Sell Simonette, for say 50m a handsome return from initial investment and production increase to date.
Ramp up and concentrate on the Clearwater play completely underutilized at this point.
Share consolidation to strengthen share price. Kill the divvy for now for the obvious reasons.
Bottom line this ain't London 97, too slow in realizing the market they work in, either you use a Canadian based oil/gas ideology or the current UK ideology and sorry friend but the UK is not working or not working quickly enough to increase the Canadian shareholder base. A penny stock IMO remains speculative and is viewed as just that, a penny stock.
Jury out on how long this company's around if the O/G sector falls completely into the doldrums again,
Cheers anyway, for now keep an eye on the historically successful management team for LGN to see how its done as it likely flys by ITE 18/24 months or so out IMO.