i3 Energy plc’s growing presence in Canada means it has started to produce quarterly results, with the latest ahead of WH Ireland’s targets both for production and cash margin per barrel
The broker adds the results underline its confidence i3 Energy’s assets and management team, with a fair value of 21p reiterated based on a five times EV/2025 expected debt adjusted cash flow (DACF) multiple.
“We believe the company’s solid operational results combined with rising commodity prices will further support the positive trajectory of i3 Energy,” WHI added.