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SPDR Portfolio Intermediate Term Treasury ETF T.ITE


Primary Symbol: SPTI

to provide investment results that before fees and expenses correspond generally to the price and yield performance of an index that tracks the intermediateterm sector of the United States Treasury market In seeking to track the performance of the Bloomberg 3-10 Year U.S. Treasury Index (the Index), the Fund employs a sampling strategy, which means that the Fund is not required to purchase all of the securities represented in the Index. Instead, the Fund may purchase a subset of the securities in the Index in an effort to hold a portfolio of securities with generally the same risk and return characteristics of the Index. The quantity of holdings in the Fund will be based on a number of factors, including asset size of the Fund. Based on its analysis of these factors, SSGA Funds Management, Inc.


ARCA:SPTI - Post by User

Post by Shaawn359on Mar 29, 2022 12:54am
342 Views
Post# 34554290

Tennyson Equity Research buy rating I3energy - ITE.TO

Tennyson Equity Research buy rating I3energy - ITE.TOJust going to leave this here - I3energy BUY Rating

Buy rating by Tennyson equity research(February 11th 2022)- page 7 of report estimates a 30.5pence(1pence =1.75c CDN) based on $90oil. I was informed their target price based on $100oil would be around 74c CDN(current price is 35c CDN)

 

“i3(ITE.TO) continues to benefit from the strong and still rising commodity prices (see Figure 2). Following a correction during Q4 last year (sparked by the arrival of the Omicron variant) the benchmark Alberta gas price has recovered sharply, with the winter 2022/23 contract now trading in the region of US$3.5-4/mcf – comfortably above our long-term forecast of US$2.65/mcf. Similarly, after the Omicron blip, oil prices have bounced back even stronger, with Brent trading above US$90/bbl.(Been over $110/bbl for a while now)i3’s hedging policy protects the dividend and near-term capital commitments, but hedged volumes still only account for c.35% of near term production, leaving i3 strongly exposed to rising prices.”

 

***NOTE the report is in pence and British pounds - 1 pence = 1.75c CDN***

 

https://wp-i3energy-2021.s3.eu-west-2.amazonaws.com/media/2022/02/220211_i3E-From-strength-to-strength-1.pdf

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