Looking forward to the North Sea drill in September...In the meantime we sit, wait and collect a solid monthly dividend. There is no reason to sell ITE at this time... there is plenty of upsdie potential and I believe the risk reward is skewed in the shareholders favour at this point.
i3Energy is a great company... gas hedges are coming off as of the end of '22 and if gas prices remain strong for the near future, this will have a decent impact on the bottom line going forward.
If the North Sea drill proves out with significant rates, ITE should quickly jump to $1 p/s. My understanding is that the pipeline to that area is already built... it's not that far away, so production can start right away. That would bring on 30-40K barrels/day and this coupled with their growth in Canada could be a game changer.