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Bullboard - Stock Discussion Forum I3 Energy Ord Shs T.ITE

Alternate Symbol(s):  ITEEF

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... see more

TSX:ITE - Post Discussion

I3 Energy Ord Shs > Augataag ;
View:
Post by 1rockit on May 06, 2022 2:52pm

Augataag ;

I believe there might be an increase in the dividend as well. It will definitely help support the s/p . Unbelievable how much of an increase in oil and gas prices. You figure nat gas price was as low as $2.00 mcf only 2 years ago. Oil was roughly $20 to $25 a barrel and here we sit at $8.00mcf and over a #100.00 p,/b oil . I'm surprised we haven't seen much news in regards to spending some of this money either in a dividend increase or more work in the North Sea. Hopefully we see some news on this news very shortly.
Comment by Moneyloop on May 06, 2022 3:52pm
Hopefully,with all the goodies you're talking about,will come out on their next quarterly earnings report on may 30th. 
Comment by mjh9413 on May 08, 2022 8:32pm
The basis for dividends is set out in Report namely:  Announced in December that the Company is committing to pay a minimum of £11.827 million in dividends during the course of 2022 (3.5x all dividends paid during 2021), equating to 1.05 pence per share or a 10.2% yield on the date of announcement, with forecasted year end "2022 Unencumbered Cash" of US$66 million which could ...more  
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