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Bullboard - Stock Discussion Forum 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... see more

TSX:ITE - Post Discussion

i3 Energy Plc. > Moneyloop ;
View:
Post by 1rockit on May 04, 2022 8:33pm

Moneyloop ;

One thing you've always have to be aware of with this stock is the fact it's got over a billion shares ! It only has to go to a dallar to have a million market cap. I ended up buying a pretty big chunk of MINE today. It only has 30 million shares outstanding. So even at a dallar a share the market cap is only 30 million. Big big difference. It's nice, I got in at .18 and it closed at .19. So basically I'm going to stop out at .175 or something. I'm hoping I caught the bottom on it but when trying to buy a stock on a pullback , sometimes is like trying to catch a falling knife. OUCH ! Anyways hopefully we open at .53 or .54 tomorrow. We need a little splash of good news and this thing will fly . Cheers and good luck.
Comment by Buyreallow on May 05, 2022 6:50am
Actually, with 1.12 billion shares outstanding, they would have a market cap of $1 billion at 90 cents.
Comment by Moneyloop on May 05, 2022 7:20am
Good observation ! Let's hope we get there, ( like ) next week..... lol    
Comment by Buyreallow on May 05, 2022 7:32am
When I bought in around .20 I thought 50 or 60 cents would be good.  But now that they have reached 50 cents and have the farm in agreement for the Serenity North Sea project, I think a double from hear is a no brainer.  Maybe not this year, but when Senenity comes in, unless it is a complete dud.  Lets hope that doesn't happen.
Comment by Moneyloop on May 05, 2022 8:09am
I nibbled @  ( .49 ¢ ) recently. But looking to buy more.Waiting for a profit taking on another stock  in the oil patch,that is making me money. Then again,just throw a dart on any oil stock and you're probably making some profit.. Good luck to us all ! 
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