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i3 Energy Plc. T.ITE

Alternate Symbol(s):  ITEEF

i3 Energy is an oil and gas Company with a low cost, diversified, growing production base in Canada's most prolific hydrocarbon region, the Western Canadian Sedimentary Basin and development assets in the North Sea with significant upside. The Company is well positioned to deliver future growth through the optimisation of its existing 100% owned asset base and the acquisition of long life, low decline conventional production assets.


TSX:ITE - Post by User

Comment by Justhalffullon Jan 19, 2022 7:13am
183 Views
Post# 34331690

RE:RE:Honestrick ;

RE:RE:Honestrick ;A reverse split really changes little.  You would have shares worth around 2.65 instead of .265, but you would have only 1/10 of the shares.  It would, however, open up the shares to ownership by institutions that have minimum share prices which they can buy.  While shares often fall after a reverse split, that is because of the reason the shares had to be reverse split.  Usually shares have fallen for some time to the low rice.  In this case, the production and earnings are increasing, and they are paying a dividend of nearly 10%.
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