Yes. Buy dips and top slice rips. Even if you buy too early have nice quarterly dividend. Been doing for years and now easier with no stamp duty, since US listing. |
At the moment £20 would do!!! |
The point about shares that pay a dividend is that you can be patient if the price dips. Could this hit £30 or £40? I am not sure £40 is possible at the moment. £30 would do.
£30 is Peel Hunt's TP, but they are I think a house broker.
I don't think the market generally understands the concept of hyperbolic decline (which is less than exponential in the long term given any starting decline position above around 5%).
Maverick's owners are happy to wait. |
Given the nos of shares the shorters have bought back surprised the price hasnt risen higher.Can they afford to raise the divi.?? |
Problem is that we are tracking the gas price, which is fine of course, albeit we are doing so at a significantly depressed SP, making it a long way back for long termers. :-( |
Only 3 notifiable shorters left, and they're all reducing.. |
Those tariffs have given the HH gas price a boost this afternoon. |
Trumps tariffs are probably good for DEC with the 25% import tariff on imported Canadian O&G.
..and we have another xd on 27th Feb to look forward too 🙂 |
i consider the last two add onns as a little pricey for their excelent standards. so they must probably see not just the current production potential per se but also somethig more. a land grab sort of. so what do they see beyond simple and obvious.
that is why i would like to hear them speak.
is it logistics
will they be able to form an asset package to sell more easily for a better price
is it crews.
is there some processing capacity utililization they do not mention
other synergies and potentials?
ps - as far as i remember they always did follow up interview in a day or two. not this time |
Syme down againRR upYes another bad day for you Joe |
$1,275 MM for 280 MMboe, i.e. 154 MMbbl oil and 731 bcf gas (assuming reserves split is similar to production split), either in production or proved so if you use the "$/boe in the ground" method as a proxy for NPV, it's not a bad deal, pretty much covered by the oil value. |
Nasty nasty day |
@kaos
they list 3 production assets with the reserves for each. It just looks small for an 8 figure deal |
i did. i want to understand the dec view beyond the financials. but exactly right - i agree. |
have a look at the maverick website. It lists production and reserves.
It looks a lot smaller than the DEC view of what they have bought |
What an open.
'The heart of distribution'
Once u see that, run |
If EIG want to own 20% of DEC and Maverick combined then I don't think the shorts are likely to know any more about the business.
They may have wanted more for Maverick, but they can get more from holding shares in DEC. |
SP93 - lol
decimal million to roman mille eg thousand
should stick to gardening
it was completely out of reasonable
thank you |
Shorts falling off a cliff now, 3.5% |
 kaos - sorry, you'll have to suspend your metric thoughts. ;-)
In the US, 36 MMBoe is 36 million, and 36 MBoe is 36 thousand. So the rates are not quite as fantastic as you dreamed.
You're also correct that converting oil and gas rates to gas or oil equivalent respectively is something that the industry does in RNS's (whether for production, reserves, rheology, ...), but which is completely meaningless in all terminology other than calorific value.
So where they say in the RNS "with a combined production base of approximately ~1,200 MMcfe/d (~200 Mboe/d)" they use a factor of 6 [6000scf = 6 Mscf = 1 boe], but if you look at today's prices of US gas ($3.25/Mscf) and WTI oil ($72/bbl), the economic "equivalence" is a factor of 22.
Or for another example of this conversion futility, look at the top 3 lines in the table under "Operating and Financial Metrics". In gas equivalent (MMscfe/d) terms, DEC produces 2.5x more than Maverick, but because the Maverick operations are more dominated by oil, their revenues are broadly similar |
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