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I3 Energy PLC V.SH21062102


Primary Symbol: T.ITE

i3 Energy plc is an independent oil and gas company with assets and operations in the United Kingdom and Canada. The Company's principal activities consist of oil and gas production in the Western Canadian Sedimentary Basin (WCSB) and appraisal of oil and gas assets on the United Kingdom Continental Shelf (UKCS). The Company's wholly owned subsidiaries i3 Energy North Sea Limited and i3 Energy Canada Limited are independent oil and gas companies with appraisal assets in the United Kingdom and producing assets in Canada, respectively. It holds the P.2358 license in the UKCS which contains the Serenity field discovery. This licence also contains the Liberator field discovery and the Minos High prospect. The Company holds various mineral licenses across its main operating areas in the WCSB, being Wapiti, Simonette, Clearwater, and Central Alberta. The Company's Canadian production asset base consists of over 850 net conventional oil, natural gas and natural gas liquids production wells.


TSX:ITE - Post by User

Post by smallcaptdron May 26, 2022 6:04pm
234 Views
Post# 34710558

700,000,000 shares

700,000,000 sharesI've been watching this and haven’t hit the buy yet because of the number of shares. This has been trading sideways since the middle of April when other energy stocks continue to make gains and all the high volume days since the middle of April have all been in the red with positive buying volume dropping off and its the high red volume days that worry me because of the amount of shares. Just one negative news release could easily see a huge 12mil share selloff and thats because of the number of shares again. If they ever mentioned doing a share rollback it would kill this on that news. I really wonder how these junior energy stocks will fair if the war comes to an end and the price of oil drops off. I'll keep watching this and anytime this has a serious dumping I'll probably jump in then. JMHO
(always DD)

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