We are adjusting our fair value estimate for i3 Energy to align our commodity price
estimates with weaker actual pricing than we had anticipated. We are lowering our 2023
WTI estimate to $84/b from $99/b and lowering our 2023 benchmark US gas price estimate to $5.50/mmbtu from $6.50/mmbtu. We have also updated our model to reflect the capex and production guidance provided by the company on 22 December 2022. Our updated 2023 cash flow from operations estimate amounts to $US109.6M, which equa ....
17 Jan 2023
i3 Energy - Valuation Update
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i3 Energy - Valuation Update
i3 Energy Plc (I3E:LON) | 10.9 0 1.9% | Mkt Cap: 131.4m
- Published:
17 Jan 2023 -
Author:
Brendan Long -
Pages:
9
We are adjusting our fair value estimate for i3 Energy to align our commodity price
estimates with weaker actual pricing than we had anticipated. We are lowering our 2023
WTI estimate to $84/b from $99/b and lowering our 2023 benchmark US gas price estimate to $5.50/mmbtu from $6.50/mmbtu. We have also updated our model to reflect the capex and production guidance provided by the company on 22 December 2022. Our updated 2023 cash flow from operations estimate amounts to $US109.6M, which equa ....