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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Diversified Energy Company Plc | DEC | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 17.00 | 1.38% | 1,248.00 | 16:35:18 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 1,200.00 | 1,200.00 | 1,251.00 | 1,248.00 | 1,231.00 |
| Industry Sector |
|---|
| OIL & GAS PRODUCERS |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 09/05/2024 | Interim | USD | 0.29 | 29/08/2024 | 30/08/2024 | 27/09/2024 |
| 19/03/2024 | Final | USD | 0.29 | 23/05/2024 | 24/05/2024 | 28/06/2024 |
| 15/11/2023 | Interim | USD | 0.875 | 29/02/2024 | 01/03/2024 | 28/03/2024 |
| 01/09/2023 | Interim | USD | 0.04375 | 30/11/2023 | 01/12/2023 | 29/12/2023 |
| 09/05/2023 | Interim | USD | 0.04375 | 31/08/2023 | 01/09/2023 | 29/09/2023 |
| 21/03/2023 | Final | USD | 0.04375 | 25/05/2023 | 26/05/2023 | 30/06/2023 |
| 14/11/2022 | Interim | USD | 0.04375 | 02/03/2023 | 03/03/2023 | 28/03/2023 |
| 08/08/2022 | Interim | USD | 0.0425 | 24/11/2022 | 25/11/2022 | 28/12/2022 |
| 16/05/2022 | Interim | USD | 0.0425 | 01/09/2022 | 02/09/2022 | 26/09/2022 |
| 22/03/2022 | Final | USD | 0.0425 | 26/05/2022 | 27/05/2022 | 30/06/2022 |
| 28/10/2021 | Interim | USD | 0.0425 | 03/03/2022 | 04/03/2022 | 28/03/2022 |
| 05/08/2021 | Interim | USD | 0.04 | 25/11/2021 | 26/11/2021 | 17/12/2021 |
| 30/04/2021 | Interim | USD | 0.04 | 02/09/2021 | 03/09/2021 | 24/09/2021 |
| 08/03/2021 | Final | GBP | 0.0281 | 27/05/2021 | 28/05/2021 | 24/06/2021 |
| 29/10/2020 | Interim | USD | 0.04 | 04/03/2021 | 05/03/2021 | 26/03/2021 |
| 10/08/2020 | Interim | USD | 0.0375 | 26/11/2020 | 27/11/2020 | 18/12/2020 |
| 04/05/2020 | Interim | USD | 0.035 | 03/09/2020 | 04/09/2020 | 25/09/2020 |
| 09/03/2020 | Final | USD | 0.035 | 28/05/2020 | 29/05/2020 | 26/06/2020 |
| 10/12/2019 | Interim | USD | 0.035 | 05/03/2020 | 06/03/2020 | 27/03/2020 |
| 08/08/2019 | Interim | USD | 0.035 | 28/11/2019 | 29/11/2019 | 20/12/2019 |
| 13/06/2019 | Interim | USD | 0.0342 | 05/09/2019 | 06/09/2019 | 27/09/2019 |
| Top Posts |
|---|
Posted at 11/7/2024 15:31 by loganair I was surprised to see that my stock broker has taken 30% withholding tax from my recent DEC dividend, instead of 15% as I have an active W8ben.Iweb have just informed me that for 3 stocks, DEC, Somero and Spectaire, that they are unable to reclaim 1/2 of the 30% withholding tax therefore I still have to pay the 30% withholding tax on my DEC dividends even though I have an active W8ben. Has any poster on this thread with an active W8ben, their broker reduced tax on their DEC dividends from 30% to 15% or are all still paying the full 30% withholding tax? |
Posted at 22/5/2024 20:04 by kaos3 alemanbecause in a discount model - the most impact of a positive change in NG prices is closer to now. the further out in time you go, the less impact /prices to dec start to rise 4 years later/. dec production is hedged out 3 years and only after that time the impact starts to kick in. and even then it is diminished by the time value of money. so you are right in general, but full impact of the ng rise now will be strongly dilluted but if they get non hedged new production now /bought/ the impact of the rising NG price will be felt strongly and in full for the new production oak bloke The 1Q24 hedge floor price was US$3.36Mcf ($20.16BOE) so 40% higher than the average settled price and $2/BOE higher than my model assumptions - that’s where the 48% margin was achieved! DEC tell us the 2024 average natural gas hedge floor is US$3.41/Mcf which is a 65% premium to the US$2.04/MMBtu active contract at the end of Q1 (it is $2.24 today). This boosts my revenue assumptions by $2/BOE. As part of the Oaktree acquisition DEC will acquire a hedge portfolio that carries a c14% premium to the 2024 remaining DEC hedge floor. DEC is adding additional hedges for 2026 & 2027, where forward natural gas prices are around US$4/mmbtu ... eg ... 3,36 - 4 us/mcf range is almost fixed for the next 3 years .... so why should rising prices now meaningful impact cash flow now or in the next 3 years ..... beyond that i agree |
Posted at 30/4/2024 10:47 by asp5 DEC achieved $543M adjusted EBITDA in 2023. Since then it has sold assets representing ~$35m EBITDA (02 Jan RNS) and made an acquisition of ~$126m EBITDA (19 Mar RNS). So on a pro forma basis DEC is currently running at ~$634m EBITDA level $543m+$126m-$35m).The FCF generated in 2023 was ~$219m. With the increase in EBITDA and the nature of the acquisition (no additional op costs etc.), FCF should increase to around $320m. The average decline rate for DEC is 10%, however 30% of declines can be addressed by workovers (slide 14, 23 FY results presentation) leaving a net 7% of EBITDA needing to be replaced by acquisition. This translates to ~44M EBITDA (7% of ~$634M). If we assume an average x3 multiple of EBITDA to acquire, this would require ~$132M. Assuming 50% is funded via debt, then ~$66M from FCF is required. If we breakdown FCF, ~$55m (for dividends), ~$200M (debt reduction), ~$66M (cash to replace production decline). Total ~320m which consumes the FCF. In order to acquire further assets, let us say another ~$126m EBITDA as per Jan transaction, it would require funds of ~$380m net (assuming a x3 multiple). To complete such a deal, Dec could sell another set of assets representing ~$35m EBITDA for ~$200M (on same terms as the transaction in Jan) leaving the remaining $180m funded via debt. This would result in ~$725m EBITDA (634 – 35 +126). This could be repeated to grow EBITDA in an accretive manner without the need for equity raises. If they sell a little more the funds raised could also be used to fund the share buybacks. Furthermore as DEC have announced they will reduce debt by an average $200m pa for the next 3 years (slide 45, Apr 7 corporate presentation), this translates to a net asset value (NAV) per share increase of ~$4,21 pa (200m/47,5m shares issued) or ~$12,63 increase over 3 years. I would expect this to be reflected in the share price going forward. Rusty & the board has clearly made a strategic decision to drive capital growth. The business model looks sustainable to me and given the ESG improvements DEC have made and continue to make, I see this risk as largely mitigated. It is interesting that there has not been a peep out of the House of Representatives committee since DEC submitted their response letter in Dec 23. While I am still sitting on unrealized capital losses (excluding dividends), I am very positive on the future of DEC. As usual dyor. |
Posted at 30/4/2024 04:33 by leoneobull A Value Proposition Par ExcellencePerhaps the most compelling aspect of the Oaktree deal is the purchase price -set at a strikingly advantageous 3.1x EBITDA. This figure is not just a number; it's a stark indicator of the value DEC is capable of unlocking through diligent portfolio management. To put this into perspective, DEC's recent asset divestment in January 2024 was concluded at 5.7x EBITDA. The contrast between these figures highlights the exceptional value DEC has managed to extract from the Oaktree acquisition, showcasing its adeptness at identifying and capitalising on strategic investment opportunities.Financ |
Posted at 06/4/2024 09:07 by bountyhunter The above includes many interesting points including:10. DEC leases or owns more than eight million acres of land across its footprint. While not all of this acreage is equally suitable for solar project development, certain acreage has become an avenue for DEC to opportunistically participate in renewable energy solutions with third parties via waiving our surface rights on this acreage while reserving access to road and pipeline rights of way that are necessary for its operations. 11. DEC is exploring new technologies to expand the use of renewable and alternative energy in operations, including waste heat recovery and solid oxide fuel cells. Additionally, we are exploring the use of wellbores for mechanical battery energy storage to aid in the energy transition by providing off-peak energy storage. DEC is also exploring using exhausted wells for Carbon capture utilization and storage (CCUS) - why plug it when you can fill it? The Oak Bloke concludes: The fact that DEC could go - is going - from being painted as the public enemy to public saviour is (ironically) an “inconvenient truth” for detractors. As Rusty keeps reminding us, they are the Right Company at the Right Time. Right company… to do what? Right time… for what? I believe the answer is taking an active role in Energy production but also in Net Zero. Where is any of that in the price of DEC? Well, reader, it isn’t. |
Posted at 02/4/2024 13:31 by garycook bluemango, Correct good memory. But to be fair HL have been paying back the 30% reduction,s since 28/12/2022,Only because I keep requesting it every quarter.It seems to be a problem for them, because I have a overseas address.But my. HL Personal details clearly states that. Residency tax status is that I am a Rest of the UK rate taxpayer. Guy called Oli Nevin as been dealing with this problem, and told me 6 months ago it was being sorted ? I even secure messaged him last week to inform of the due DEC dividend and for the dividend to be paid in full .Very complicated ,but you can be sure if I had not requested the 30% being refunded. HL would be pocketing the 30% ? The quality of the Admin over the last 10 years as gone downhill,and HL are taking ages to reply regarding this problem. |
Posted at 02/4/2024 03:21 by garycook Any DEC Shareholder not received their Dividend yet with Hargreaves Lansdown. I have informed them this morning that I require my Dividend plus 4 days of interest on my SIPP DEC dividend, because all other UK Brokers were paid the dividend on 28/03/2024.This as been done purposely. Holding the dividends over the Bank holiday weekend for the Interest. My Son as a £509k Fund and share account Portfolio that I gifted him. He as threatened to transfer it to Interactive Investor. Not good enough HL must be getting desperate doing this. There can be no excuse with all other Brokers paying out on 28/03/2024 ! |
Posted at 01/4/2024 19:14 by meanreverter fred177 — IG also charged the wrong rate of WHT on my DEC dividend, but corrected it pretty swiftly this time: to 15% on 29 March. |
Posted at 20/3/2024 08:45 by fordtin bluemango - I'm one of those angry private investor "I'm cross at the dividend cut so I'm selling now".I was a passive dividend investor content to watch the noise and enjoy the dividend. But as my dividend yield has been cut to around 3%, the only way I'm likely to see a return on my investment is to join the short-term traders. I sold about half of my DEC shares yesterday morning, then bought & sold a few throughout the day. I probably won't be the only 'angry private investor' trying to recover losses by trading the peaks & troughs. With such a huge fall in share price to recoup, the aftermath isn't going away any time soon. |
Posted at 20/3/2024 08:37 by kaos3 SPECULATIONlooking back ... first oak tree deal, then nyse listing plans, then shorting combined with all kinds of environmental concerns, then fin community research notes /sometimes biased/, then obvious divi cut, then oak tree sells dec operated assets to dec ... all that is missing is oak buying huge amount of dec shares to double the assets for the same dollar invested. just wait - no more BBs to let others buy.... and of course no BBs ... they gave all the cash to oak -------------------- was oak tree some how limited in buying dec paper on lse but is not so on nyse.... tia clearly huge trust and friendship rusty - oak... maybe fin cfo got it and did not like the cunning plan... and left as did melanie after the oak deal ..../Diversified Energy Company PLC (LSE:DEC) announced today that, due to other commitments, Melanie Little will resign from the Company's Board of Directors (the "Board") as of 31 December 2022. Little, who has been a member of the board since 2019... / a speculation of course - not reality ... but has a time and facts dots lined up perfectly -------------------- do oak people and rusty have some common prior history .... |
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