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While the two first modes speak for themselves and would already constitute a strong magic card, the last mode is more format dependent and as it stands, it is a very effective ability in the current Modern metagame
Since countering is all about controlling the stack, I figured it important to mention these spells that shield the stack from interaction
Let's suppose I use an Infernal Spawn of Infernal Spawn of Evil to deal 2 damage to my opponent when I search through my library
Uh, okay then, Hydro-Man, Fluid Felon, sure
If you're looking to test your luck on getting one of those rare Black Label gems, you can always buy the card ungraded at TCGPlayer