i3 Energy Plc. T.ITE

Alternate Symbol(s): ITEEF

Energy Oil & Gas E&P

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

i3 Energy Plc. > $$ ;

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Comment by Shaawn359on Mar 28, 2022 8:27pm

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Post# 34553864

RE:$$ ;

I believe they hedged 37% and guaranteed the dividend for this year. 35c/share works out to be just under 6% I believe. This news release from September 2021 then compare to February 2022 - Basically they figured out the budget at $50oil and now were just waiting on news before the price shoots up.

For any HELI reference - it barcoded between 48c and 52c for 2 weeks then shot up on news.... and I dont see why ITE.TO will not do the same by June 1st(year end finacials released. They will be absolutely stellar)

Sept 2021 -

"Under current strip commodity pricing, employing this Capital Budget is predicted to result in a 2022 closing cash balance of approximately US$66 million ("2022 Unencumbered Cash").

i3 has previously conveyed that it will distribute by way of dividends up to 30% of Free Cash Flow, defined by the Company as "Cash Flow from Operations minus Expenditures on Property, Plant & Equipment minus Expenditures on Exploration & Evaluation assets". With 2022 being planned as a particularly capital-intensive year, and with a flexible capital programme, forecasting the actual level of Free Cash Flow is more uncertain. As such, and to give clarity to i3's investors regarding next year's distribution, the Company is committing to pay a minimum of £11.827 million in dividends during 2022 (split equally and paid in conjunction with the release of its 2021 Annual and 2022 Interim Reports), equating to 1.05 pence per share - a 10.2% yield based on i3's current share price(1). This is approximately 3.5 times the £3.36 million in total dividends paid during the course of 2021. Subject to prevailing market conditions, outlook, and Board approval, i3's forecasted 2022 Unencumbered Cash could be used to support additional dividend distributions, potential share repurchases, and M&A or development activity."

https://ca.finance.yahoo.com/news/i3-energy-plc-announces-2022-070000657.html

February 2022 -
- Full-year 2021 net operating income ("NOI" = revenue minus royalties, opex, transportation and processing) is now forecast to be approximately $66mm(1,2), and $150.3mm for 2022 assuming implementation of the Company's approved and ongoing 2022 capital programme
  
  https://ca.finance.yahoo.com/news/i3-energy-plc-announces-q4-072000842.html