i3 Energy cuts dividend in halfCanadian oil and gas producer responding to weaker energy pricesSeveral UK oil stocks are trading on lofty dividend yieldsThe market was ringing the alarm bell on i3 Energy's (I3E:AIM) dividend before today's news of a cut with the shares trading on a yield of nearly 13%.Following news the company cutting its dividend in half the share price has fallen 17.6% to 13.4p

i3 Energy (I3E:AIM) 29.4pGain to date: 167%When we flagged the appeal of Canadian oil and gas producer i3 Energy (I3E:AIM) at 11p in July 2021 we couldn't have foreseen Russia's invasion of Ukraine and the resulting surge in oil and gas prices.We simply liked the potential for generous dividends, the business model of acquiring low-cost conventional assets and an attractive equity valuation.WHAT'S

Investors looking for a way to play the current strength in oil prices should snap up i3Energy (I3E:AIM). It is buying up conventional oil and gas assets in North America cheaply and plans to pay dividends from the resulting cash flow.The company's strategy echoes the one pursued successfully by former AIM peer Diversified Gas & Oil (DGOC), which is now a FTSE 250 company. While Diversified is muc

After a slow opening following the announcement of a second national lockdown, UK stocks soared in mid-morning trading on Monday having been buoyed by a weaker pound and slightly improving sentiment.The exporter-heavy FTSE 100 gained 1.16% to 5,642 shortly after 12pm as the pound grappled with the lockdown impact and various other issues, including a lack of progress on Brexit talks, the threat of

London's FTSE 100 gave up 26.8 points to trade at 7,304.5 early on Tuesday, dragged lower by supermajor BP (BP.), ongoing domestic election uncertainties as well as a further slowdown in house price growth which weighed on large cap builders Berkeley (BKG), Barratt Developments (BDEV) and Taylor Wimpey (TW.).Oil major BP softened 3.9p to 508.1p after reporting a sharp drop in third quarter 'underl

In recent weeks BP (BP.) announced two substantial discoveries in the North Sea and Royal Dutch Shell (RDSB) revealed its first investment in the region for nearly six years. A small cap looking to play this renaissance in the UK oil industry is I3 Energy (I3E:AIM).The AIM-quoted business has two major catalysts on the horizon which could help drive the market valuation upwards from the current £