LONG VOD?Price has had multiple inside days following the dividend day decline.
Price basing with lows around 120.50 area.
Do analysts still see value in Vodafone and keen to drive price higher?
A break of the 120.50-120 area could see price rotate lower.
However, price hs shown a reluctance for any moves lower as the market participants remain indecisive.
Who is going to blink first? Isee the potential for a move higher if 121 holds and price puts in a higher low.
Bulls will have prevailed if prices close above 123-123.50 area. Therefore set alerts for price breaching these areas in early next week trading. Conversely if 120 falls seek short opportunities.
i3 Energy Targets 13.94 then 15.7 #i3e· Q1 2021 average production of 8,856 boepd, outperforming expectations
· Financial discipline maintained, with an initial hedging strategy implemented and 2021 full-year net operating income expectations increased to CAD 38mm (USD 31mm)
· Significant initiatives in the Clearwater play
o Planning for an appraisal and development drilling programme at Marten Creek following successful oil appraisal recompletions
o i3 has farmed into additional Clearwater acreage and will earn up to 29.4 km2 through drilling activity, with the first two wells of a potential nine-well commitment being spud at Marten Hills in May
o Acquisition of additional 17.9 km2 of Clearwater acreage through recent Alberta Crown Land Sale
· Noel gas well expected to be on production during June
· EGM to approve dividend expected to be called shortly