Diversified Energy Share Discussion Threads

[mattybuoy] 30/8/2022 13:09

The one MLP I invested in was in a SIPP, and the high tax was indeed applied there.

[ramellous] 30/8/2022 12:50

You can buy mlp funds such a MLPP which hold US mlp stocks.

[rik shaw] 30/8/2022 09:29

Good luck with the tax returns if you invest in an MLP such as BSM:

[nitnia] 30/8/2022 08:55

Mattbuoy , do you know if this high tax rate is also the case if a MLP is held in a SIPP? I hold some CQP and have been trying, unsuccessfully, to get an answer from inv managers/SIPP admin.
Thanks
Sorry for off topic.

[mattybuoy] 29/8/2022 23:54

It won't be (can't be). I would guess it will be a 10 for 1 ADR, so as to have a price over $10. Or if they go for an actual listing then they will have to do a reverse split for the same reason.

[calaban] 29/8/2022 23:36

Let's just hope that the company's desired U.S. listing isn't structured as an MLP.

[tag57] 29/8/2022 21:52

Thanks MB. Disappointing as pay a nice divi.

[mattybuoy] 29/8/2022 21:15

BSM is a Royalty MLP (Master Limited Partnership). Unfortunately for us here in the UK the MLP structure means that the dividends (actually "distributions") attract very high rates tax e.g. 35%. This is even with a W8-BEN.

There may be other similar companies out there which are structured as corporations and therefore attract the standard 15% tax on their dividends.

[tag57] 29/8/2022 20:29

On the YAV blog video BSM (Black Stone Minerals) was mentioned as a comparison to DEC. Decent growing divi at over 10% based on their latest divi payment. Just out of interest is anyone invested in BSM?
TIA

[asp5] 29/8/2022 16:26

Shell boss believes gas shortages will last several winters (5-10 years)



Bullish marco backdrop for DEC - disaster for ordinary folk.

[asp5] 29/8/2022 15:42

lomand - thank you for sharing the video. For any new or existing investor its worth the time to watch the whole thing. I keep topping up as funds allow.

[scrwal] 29/8/2022 15:35

The deep dives are a good read too

[mattybuoy] 29/8/2022 14:04

Awesome video, thanks.

[bluemango] 29/8/2022 12:54

Here it is with correct link

[lomand] 29/8/2022 12:42

Watch this. Better than any broker analysis.

hxxps://youtu.be/-NfRXZ-OZ3o

[lomand] 29/8/2022 12:30

Watch this. Better than any broker analysis.

hxxps://youtu.be/-NfRXZ-OZ3o

[mwj1959] 29/8/2022 12:23

Increased gas competition is clearly not helpful for DEC, albeit I asked about this on their latest call and they seemed pretty relaxed about it.

[pro_s2009] 27/8/2022 01:45

Golden age of hydrocarbon investments........ from five and a half minutes in..



.

[mrnumpty] 26/8/2022 17:32

I realise that this information is three weeks old , but the Financial Times reported the following about Chesapeake Energy : “ Shale patch pioneer Chesapeake Energy [ is ] to ditch oil in favour of natural gas in planning to offload prize oil assets and double down on American
natural gas … plans to exit oil altogether and return to its roots as a natural gas producer , instead pinning its future on a wave of demand for US exports of the commodity … focus solely on gas production from Louisiana’s Haynesville basin and the Marcellus in Appalachia “ . Chesapeake Energy has a far higher market cap , at US $ 12.62 billion against DEC’s £ 1.19 billion , and Chesapeake’s shares have risen 96.48% in the last year as compared to DEC’s mere 29.56% . On thé other hand , Chesapeake’s div yield is only 2.11% against DEC’s 9.73% and Chesapeake’s p/e is 15.32 . So , a much bigger player moving in to natural gas in a similar geographical area to DEC .

[aleman] 25/8/2022 12:42

We get reports of average forward sales prices but they are a mix of deals done recently and deals done years ago. The current price of a typical contract sold now compared to one sold a couple of years ago must have about doubled. Add in less than 10% sold at near spot prices and the current average sales price of new contracts done today must have slightly more than doubled over two years.

Dec 2025 contract


free stock charts from uk.advfn.com

[mattybuoy] 25/8/2022 12:22

DEC is a tiddler by US standards. The debts and hedging could easily be absorbed by a bigger fish, should they choose to bite.

[bluemango] 25/8/2022 11:58

Somebody's keen.

[scrwal] 24/8/2022 12:36

The very heavy short term hedging could put off a buyer although it is integral to DECs strategy.

[mattybuoy] 24/8/2022 09:22

Spangle,

Just a general thought, no one in mind specifically. It's just too cheap and the sector is flush with cash.

[asp5] 24/8/2022 08:56

Thx for clarifying Fred177