Diversified Energy Share Discussion Threads

[laurence llewelyn binliner] 08/5/2024 07:18

#yupawiese2010, thanks, our Q1 trading update tomorrow morning (9th) so we will most likely get the company confirmation then..

[yupawiese2010] 07/5/2024 20:39

LLB - According to Dividendmax this is the relevant div timetable ( I cannot vouch for its accuracy ).



Edited - Yahoo finance also state that the ex div date is the 23rd May

[justiceforthemany] 07/5/2024 16:16

NAT GAS +33% over the past month.

[tsmith2] 07/5/2024 09:51

hands up if you are a shorter and starting to feel the heat

[joedjoed] 07/5/2024 08:49

We say that DEC is hedged. It is. But clearly those hedges must be put on pretty much continuously in the course of the business. Therefore the level of futures that really matter are the back months. The spot month matters to the extent of under/over hedging. So, it makes sense to track the back months. But tracking just one contract (say 2.5 years out) is not helpful. There is huge seasonality to nat gas pricing. In other words if 2.5 years out is a winter month, you will see a meaningless signal. Therefore the sensible way to get a feel for the level at which DEC is hedging is to track the average of 4 months (=1 year) from, say, 2 to 3 years out. This average has risen from a low of 3.68 in mid Feb to 4.07 now. Back months tend to be less volatile than the front.

[tsmith2] 07/5/2024 07:26

Let's hope they royally burnt :)

[leoneobull] 07/5/2024 07:23

There are going to be some nervous shorts this week ahead of the TU IMOV

[bountyhunter] 07/5/2024 07:18

As above the Company will publish a trading statement with respect for the three months ended March 31, 2024 on Thursday, May 9, 2024.

Upcoming Events
May 10, 2024 2:00 PM BST
2024 Annual General Meeting

London

May 15, 2024
Citi Energy & Climate Technology Conference

Boston

Calendar link added to the header, at the top.

[tsmith2] 07/5/2024 07:09

TU on Thursday..

[bdbd11] 06/5/2024 21:15

Indeed, £11 equivalent in US. Should gap up at open.

[justiceforthemany] 06/5/2024 17:38

Natural gas at a 3 month high.

[leoneobull] 05/5/2024 10:48

Agreed bounty..

[bountyhunter] 05/5/2024 09:26

Yes but I was talking about daily volatility. It's the futures prices which are most significant as they will affect hedging prices as hedging is extended.

[leoneobull] 05/5/2024 07:20

Except that in 2024, dec are 80% hedged and the collapse in US nat gas prices followed by a rebound does have an impact

[yupawiese2010] 04/5/2024 22:33

LLB.

AGM is on the 10th May, still awaiting details in respect of next div payment.

[bountyhunter] 04/5/2024 19:00

Agreed, while the trend is important daily volatility in the spot price is largely irrelevant to DEC.

[aleman] 04/5/2024 18:43

DEC only sell a modest amount at spot. 85% or so is sold forward. (That could change a bit over time and with acquisitions.) I do sometimes wonder if the DEC price seems to react to spot too closely. If you look at futures, they spiked when spot did but have not fallen back very far, e.g. the 8/27 contract, a range DEC would be starting to sell into around now, spiked from around $2.50 to $4.30 with the Russian invasion. It remains around $3.90 while spot has collapsed to pre-Ukraine levels due to a mild NH winter and record EU reserves at the end of it. DEC will be selling most of its predictable output at the futures prices that have not fallen back much, and which might be looking more at the booming exports to Asia in the next few years (driven by economic growth and the exploding uptake of domestic air conditioners, for instance) rather than current weather.

[leoneobull] 04/5/2024 17:50

Lorse, no problem. Sbdy on LSE mentioned this a while back and I saw a director's talk interview with DEC management team who confirmed joining the Russell 2000 could provide more interest, liquidity and lead to a higher share price Bring it on I say!

[bountyhunter] 04/5/2024 12:39

Yes Henry Hub is the main one to consider for unhedged production, links (and a daily chart) are at the end of the header, including to futures.

[lorse] 04/5/2024 11:56

Just followed the CME link. Is that the one for Henry Hub, and is HH indicative of DEC's likely 'future' fortunes?

[lorse] 04/5/2024 11:52

Thank you Leoneobull for enlightening me on something I knew absolutely nothing about.

Bountyhunter & justiceforthemany - which US Nat Gas figure should I be following or seeking out? Is it the HH ? Where best to find it, etc?

[leoneobull] 04/5/2024 05:15

The Russell US Indexes are designed to reflect the ever-changing US equity market, and the annual reconstitution process is critical to maintaining accurate representation.During this highly anticipated market event, the breakpoints between large, mid and small cap are redefined to ensure market changes that have occurred in the preceding year are captured.Companies are also revaluated to determine where they lie along the investment styles spectrum.?2024 Reconstitution calendarApril-ranking monthApril is "ranking" month when the largest US companies are lined up to form the preliminary Russell US reconstitution portfolio. In 2024, the rank day will fall on Tuesday, April 30.May- and June-transition monthsMay is the month that the preliminary reconstitution portfolio begins to be communicated to the marketplace. Beginning on May 24, preliminary lists are communicated to the marketplace and updates are provided on May 31, June 7, June 14, June 21 and June 28.The newly reconstituted indexes will take effect after the market close on 28 June 2024.

[leoneobull] 04/5/2024 05:13

Russell 2000 rebalancing in June....dec expected to be included. According to FTSE Russell, analysts anticipate that expected earnings growth among companies in the Russell 2000 will rebound by 28.2% in 2024.Should spark tracker buying and dec management think this will help the sp, as per recent interview

[justiceforthemany] 03/5/2024 20:57

Henry Hub
+30% in 1 month.