Diversified Energy Share Discussion Threads

[lord gnome] 08/8/2022 09:23

I'm just waiting for someone to express shock and horror at the hedging losses :-)

[asp5] 08/8/2022 09:18

very positive set of results and interim call from my perspective. Two key highlights for me:

1) A very clear message that a greater portion of the portfolio will be left unhedged. A certain hedge level is needed for the ABS deals - however as hedges roll off each year - new ones are added at a higher price. All very positive.

2) Share price is at a 50% discount to NAV after discounting hedges, liabilities & debt. DEC have calculated & provided a $2.82 share price target that would equal NAV. Significantly ahead of current analyst price targets. Really do think we could see some good share price appreciation going forward.

Revenue & EBITDA growing healthily - very solid set of results.

[spangle93] 08/8/2022 09:04

.... and reaching nosebleed country.

Must be time for another hatchet job, as they seem to be timed for when the share price reaches these sorts of levels

[woodhawk] 08/8/2022 08:23

...it's over 125p

[11_percent] 08/8/2022 08:21

Someone really does not want this over 125p....

[pro_s2009] 08/8/2022 07:13

Next Divi news



Diversified Energy Company PLC (LSE:DEC) is pleased to announce that the Board has declared an interim dividend of 4.25 cents per share in respect of 2Q22 for the six month period ended 30 June 2022, consistent with 1Q22 and a 6% increase over 2Q21 (4.00 cents).


Key dates related to the declared dividend include:

Ex-dividend Date: 24 November 2022

Record Date: 25 November 2022

Payment Date: 28 December 2022

[pro_s2009] 08/8/2022 07:12

Interims RNS



.

[carcosa] 08/8/2022 06:59

. (Found the answers)

[mrnumpty] 08/8/2022 06:56

Aleman . I’m impressed by your detailed knowledge - thanks for your input . This is what chat sites should be about - the exchange of knowledge so that we all benefit . Only a few minutes now until the release of the half-year figures .

[bluemango] 07/8/2022 23:17

Interim results tomorrow Monday

[1knocker] 07/8/2022 21:10

Aleman. for years every hydrocarbon producer has been leant on to stop exploring, close capacity etc. It can't just be turned on like a tap. And who is going to fund exploration and investment in Hydro carbons when baks can't without running foul of ESC targets, profits are subjected to additional punitive taxation, and when the anti-hydrocarbon lobby will be even further back in the ascendant if supply constraints ease? The ONLY sensible route for hydrocarbon nations and companies is to restrict exploration and development, and keep supply tight and prices high so as to make old wells profitable, and to make the best possible profit from existing assets.

Meanwhile, though Americans complain about energy price, they at least have a competitive advantage because they are self sufficient and prices are a little lower there than elsewhere. The gas they export is of course sold at top dollar, with transport costs on top of that.

[aleman] 07/8/2022 20:20

Norway output and consumption varies quite a bit from year to year but it exports about 20% of its electricity and imports about 5%(some going through Sweden to get from N to S) - so a net 15% exported. Would a modest increase in foreign electricity demand make a huge difference? It's not the biggest country. The numbers will be modest in a European context. Reservoirs in the SW might be 46% but allegedly are high in Central and Northern areas. Can't they reroute a bit more North to South?

Norwegian gas exports are expanding with a new Baltic pipeline to open in October with Poland expected to benefit most. If Norway reined in electricity exports a little to send more to its South, more EU production and/or mports could see gas then fetch a higher price just as their new pipeline opens - but again probably all small beer in the scheme of things.

[mrnumpty] 07/8/2022 18:32

Fordtin and Lord gnome . You obviously have greater knowledge of the gas industry than I have . I was merely repeating what the Telegraph states today , including “ foreign demand for Norway’s power is having a stark impact on its consumers … Following a dry spell , the reservoirs [ for hydro-electric ] were last month reduced to a 20-month low of 46% of capacity in the south-west . For Oslo’s government , thus has made the subject of foreign power exports extremely thorny … The country’s Parliament could be recalled as early as this week to discuss the crisis “ . However I must admit that the article is unclear about whether it is referring to Norwegian gas or electricity exports .

[lord gnome] 07/8/2022 14:59

Norway will have a difficult job using its own gas. Some wells pipe direct to UK and have no connection to the Norwegian system - or so I am reliably informed.

[fordtin] 07/8/2022 11:27

mrnumpty -

re- "Norway may easily reduce or suspend gas exports to the U.K. in order , presumably , so that they can use their gas for electricity generation ."



Norway doesn't have any gas fueled power stations!



"Norwegian hydropower, which accounts for 90% of Norwegian power generation. The remaining around 10% of the electricity supply in Norway comes from wind power."

[mrnumpty] 07/8/2022 10:08

Here’s something which I didn’t know , and maybe some of you didn’t know : the world’s three biggest exporters of natural gas are / were Russia , Qatar and Norway ( in descending order ) . Norway sends its natural gas to the U.K. through a pipe which reaches us at Blyth in Northumberland . However , according to an article in today’s Sunday Telegraph , Norway is also experiencing problems ( Business section , page 5 “ Battery of Europe [ Norway ] faces call to restrict power exports as reservoirs run low in Norway “ ) . It seems that the price of electricity in Norway has rocketed because less water in their reservoirs is causing a shortage of hydro-electric power . The article is somewhat ambiguous , but it seems that Norway may easily reduce or suspend gas exports to the U.K. in order , presumably , so that they can use their gas for electricity generation .

[pro_s2009] 05/8/2022 07:03

5 August 2022

Diversified Energy Company PLC

("Diversified" or the "Company")

Investor Presentation

Diversified Energy Company PLC (LSE: DEC) is pleased to announce that on Thursday, 11 August 2022, at 3:00p.m. BST (10:00a.m. EDT) Rusty Hutson (CEO) and Eric Williams (CFO) will provide a live Investor Presentation via the Investor Meet Company platform.

Conference Details

The presentation is open to all existing and potential shareholders. Questions can be submitted pre-event via your Investor Meet Company dashboard up until 9am the day before the meeting or at any time during the live presentation.

Investors can sign up to Investor Meet Company for free and add to meet DIVERSIFIED ENERGY COMPANY PLC via:



Investors who already follow DIVERSIFIED ENERGY COMPANY PLC on the Investor Meet Company platform will automatically be invited.

[mrnumpty] 04/8/2022 22:10

Knocker is correct - the price of coal is leaping , and you won’t be able to buy it for domestic use in less than a year . On another and more relevant point , I commented earlier today here about a major share purchase of DEC shares immediately before the close . This is just one trading day before DEC announce interims on Monday - hopefully the purchasers of this major tranche know that Monday’s announcement will be good .

[r9505571] 04/8/2022 21:16

Methane Hunter on BBC2!

[1knocker] 04/8/2022 18:33

Make sure you have some coal. Nothing beats your own private strategic fuel reserve in the back garden!

[woodhawk] 04/8/2022 17:28

I did add to my holding today, but not on that scale!!

[mrnumpty] 04/8/2022 17:08

According to the LSE site , today just before close , at 16.28.20 , someone bought 487,800 shares at £ 1.22 for a total of £ 595,120 . It wasn’t me - !

[woodhawk] 04/8/2022 10:22

Excellent article, many thanks lomand!

[mrnumpty] 04/8/2022 10:19

There’s a large article in the “ Features “ pullout section of today’s Telegraph about the dire outlook for the UK’s energy situation as autumn approaches . The following quote is of interest regarding DEC : “ The [ UK ] Government , industry insiders say , ought to be rushing to reopen gas storage sites [ such as Rough ] and supply contracts around the world , particularly in the US where gas is cheapest and producers are looking for reliable customers “ . It’s going to be a cruel winter - enjoy this protracted hot and dry spell as we shall soon be looking back on this time with fond memories . At least as shareholders in DEC we should be benefitting from the insane complacency of the politicians who have brought about this predictable and avoidable mess .