Diversified Energy Share Discussion Threads

[simplemilltownboy] 03/10/2022 07:38

Nice to see the share buy backs have started.

[scrwal] 30/9/2022 12:42

Some of the excess cash should be used to set up the ARO & Dividends Cash Account - it would add an extra defence those saying DEC hasn't made any concrete provision for its obligations.

Hopefully the 2022 ARO supplement will be released soon , last years was in August although the reference dates have varied.

[cassini] 30/9/2022 01:25

GBP rapidly appreciated against the US $ today so I converted my $ dividends into GBP tonight.

I wonder if the BOE will also hike interest rates another 25 basis points to match the US FED rate rise to defend Sterling? Part of the GBP's recent fall was due to the dovish 50 basis point rate rise this week.

Personally I think the govt is cornered* - by buying long term gilts the BOE has essentially started QE again without even going through a QT phase!

However it looks like Sterling may appreciate in the short term at least.

(* but so is everyone else, we just got there first ;0)

[woodhawk] 28/9/2022 09:56

I'm pleased to see an immediate reaction by DEC to current exchange rate and market turmoil in the shape of the buyback announced yesterday. I can only assume they must be worried about a takeover on the cheap?

[adg] 27/9/2022 16:28

Nice unexpected boost from XR
Dividend was $979
Received £841

[woodhawk] 27/9/2022 11:15

Company said at last results that the increased revenues would really start to have in impact in 2nd half of current year.

[bluemango] 27/9/2022 10:59

Still quite a way off the 3 year high of 144p. Obviously that was around the PoO peak but we know the drop since has been rather artificially generated with mid terms approaching etc

[mondex] 27/9/2022 10:37

(Bloomberg) — In the hydrocarbon-rich fields of Texas, natural gas was always treated like the dregs that crews had to deal with as they pulled oil out of the ground. The two often emerge from wellheads together, and so for decades drillers would simply burn off the gas or sell it at cost. Oil, and all the riches that came with it, was always the big prize.
Now, in a sign of just how much Russia’s invasion of Ukraine has thrown global energy markets into disarray, it’s natural gas, not oil, that’s becoming more coveted in U.S. shale fields. With Europe desperately seeking alternatives to Russian gas that powered furnaces and electricity grids, prices are skyrocketing and U.S. drillers are scrambling to extract, liquefy and ship more of it overseas.
US energy companies are expanding the search for gas at the fastest pace since 1992. Domestic prices for the fuel already have more than doubled this year and the bullish drivers don’t appear likely to fade any time soon: record domestic production isn’t keeping up with surging demand at home and overseas.
Prices have climbed even more dramatically in Europe as Russian President Vladimir Putin clamps down on gas shipments to nations opposed to his war in Ukraine -- all against the backdrop of rising global competition for a cleaner alternative to coal, as well as the increasing drag on power supplies amid the rise of electric cars.
European buyers in recent weeks were paying the equivalent of more than $90 per million British thermal units for gas. Convert that energy into crude and that’s about $550 a barrel -- more than six times the price American drillers can command for their oil. Little wonder then that US gas drilling has soared more than 50% this year.
Meanwhile, US oil drilling has only risen 25% this year, according to Baker Hughes Co., a reflection of the much weaker performance of the underlying commodity relative to gas. Benchmark US crude prices have advanced less than 5% since the end of 2021.
“The commodities folks have somewhat ignored the big growth that we’ve seen in the gas-rig count versus last year,” Leo Mariani, an Austin-based analyst at MKM Holdings LLC, said in a phone interview. “It seems like oil’s gotten hit hard over concerns over the economy recently and gas has quietly just done really well on a relative basis this year.”
Oil has for decades been a far more profitable target for drillers relative to gas. But that axiom has been turned on its head as the advent of the US gas-export sector enabled American companies to capitalize on overseas price spikes heretofore beyond their reach.
The math is compelling. The forward prices on which explorers base drilling decisions have advanced much more dramatically for gas than oil this year. Gas to be delivered two years from now has climbed 50% from the end of last year, compared with a 12% rise for US crude over the same time span.

[spangle93] 27/9/2022 09:41

I guess they get more shares bought back for their dollars too, with such a weak pound

[lomand01] 27/9/2022 09:34

The free cash that they are generating is enough to support both the share buy back and acquisitions. Remember that the new rolling hedges are being out on at very very attractive prices. They have demonstrated that they are uniquely placed to acquire replacement assets at great pricing. This stock will always be misunderstood by the market but that's fine by me.

[woodhawk] 27/9/2022 08:37

Massive quarterly divi AND weighty buyback programme! Superb.

[holts] 27/9/2022 08:33

Thanks joey not had in Sipp either

[lord gnome] 27/9/2022 08:03

If they are doing buy-backs then they must be stuffed with cash. 10% of the company at current prices means laying out £100 millions. This also means no more shares being issued for acquisitions so probably no more large deals on the horizon - unless of course they can do their share for cash and debt.
Whatever happened to the proposed US quote? That's gone quiet and I had visions of them issuing new shares along with the quote, perhaps funding a major acquisition they'd lined up.

[joey52] 27/9/2022 08:02

Had divi in ISA but not in SIPP

[holts] 27/9/2022 07:46

Anyone with AJbell you invest had their divi yet ?

[lab305] 27/9/2022 07:34

Share buyback scheme. Excellent.

[meanreverter] 26/9/2022 16:58

IG credited the DEC dividend today at 3.33358p, after 15% withholding tax, corresponding to an exchange rate of $1.082947 per £1. The taxed dividend for investors elsewhere who elected to receive in sterling was 3.111p.

[2wild] 26/9/2022 13:58

Got my 4.25 USCs in my interactive Investor sipp. So glad I did not elect to receive in pounds sterling.

[aleman] 26/9/2022 13:57

£=$1.0756 makes the untaxed dividend nearly 16p per year or 13.4p at 15% tax - so the latter is 11.0% net yield at 122p.

[ramellous] 26/9/2022 13:49

It always take a day with ii to exchange $ divis to £. Will have to see what tomorrow’s fx rate is but also with ii you never get the best rate.

[woodhawk] 26/9/2022 13:31

Just got my divi too, more than I was expecting. Reinvesting here today.

[shanklin] 26/9/2022 12:55

Blimey same here. Thought we were locked in to the exchange rate RNS'd.

[scrwal] 26/9/2022 12:32

Well ii have paid on time at 1.0756 an 8% premium over the sterling divi - shows the impact of Krazy Kwarteng and Truss..

[holts] 23/9/2022 17:17

Not only the music but the listeners are not as seemingly capable of dealing with the noise .