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Bad news for i3 Energy - but does it still have potential?

By Gary Newman | Tuesday 10 September 2019

Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

Any negative news on an oil drill tends to see the share price getting hammered, and that is exactly what has happened today after I3 Energy (I3E) announced that a pilot well had failed to hit the reservoir that it was targeting.

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