Q: Hi Guys,
I'm looking at a couple of smaller oil and gas companies and wanted to get your thoughts. i3 Energy and Gear Energy. Both of them got into a little trouble this year when they implemented a unstainable dividend. Their dividends have been dropped to a sustainable level, but both of their share prices took a pretty good hit for that. However it looks like they have good cash flow, both are paying down debt, and they seem to have pretty good land packages. I was thinking with all the cash floating around the oil patch right now, both would be pretty good takeout targets. Curious on your thoughts and if they would be a good hold.
Thanks,
I'm looking at a couple of smaller oil and gas companies and wanted to get your thoughts. i3 Energy and Gear Energy. Both of them got into a little trouble this year when they implemented a unstainable dividend. Their dividends have been dropped to a sustainable level, but both of their share prices took a pretty good hit for that. However it looks like they have good cash flow, both are paying down debt, and they seem to have pretty good land packages. I was thinking with all the cash floating around the oil patch right now, both would be pretty good takeout targets. Curious on your thoughts and if they would be a good hold.
Thanks,
Q: Could you do an update (only 1 question and it was 2021? Now approaching CAD$0.5B, strong earnings, low debt, pays a dividend, in good assets in CAD, interesting opportunities in North Sea - a UK company but listed on TSX.V. In particular, to what would you attribute its lackluster performance in the last year? Thx.
John
John
Q: can i please your opinion on this one? who or what do they do?