Diversified Energy Share Discussion Threads

[laurence llewelyn binliner] 01/3/2023 13:13

#1Knocker, buy today and collect the dividend or buy from tomorrow and miss it, swings and roundabouts so I have added a few qualifying shares daily, with the accretive Tanos deal due for a completion RNS in the morning too will this over ride the impact of the typical XD drop in the share price and spark the reversal trend..?

We could have seen the lows in NG1 now, the DXY seems to have turned at 105 too heading lower now and we should get a decent FX fix for the coming 0.04375 dividend..

An interesting period coming up..

[1knocker] 01/3/2023 12:41

It does not look as though anyone is going to get killed in the rush to get in before DEC goes ex d.
It will be interesting to see how the price behaves over the rest of the week. There may be a number who have taken fright, but held on to take the divided before heading for the exit. Once we get into next week though, with all the excitement of the new capital and the ex d date behind us, I shall be disappointed if we do not see the share price start a decent rise. Those looking to reinvest the dividend will of course have their fingers crossed for a month end dip. Every cloud, etc.

[laurence llewelyn binliner] 28/2/2023 14:24

DEC 2023 85% hedged at 3.65
DEC 2024 70% hedged at 3.14
TANOS 2023 book 60% hedged at 3.80

The acquisition provides immediate financial benefits, with FCF and adjusted EBITDA increasing by 20% and 19% respectively on a trailing 12 month basis to 30 June 2022, and 16% accretion on a price per flowing Mcfe basis, the acquisition is expected to close on 1 March 2023.

[renewed1] 28/2/2023 10:23

So over 4 next Jan and Feb

[johnhemming] 28/2/2023 09:39

For those that are interested:

[fardels bear] 28/2/2023 08:12

Try GKP if you want a bigger dividend. You could argue Kurdistan risky but at least it ain't woke and led by a caricature.

[bountyhunter] 27/2/2023 20:26

Yes, dividend max have it correct..



Yield currently 14.6% !

Ok minus half the withholding tax for most of us but still hard to beat.

[grim] 27/2/2023 19:33

Taken from RNS 14/11/22:

Ex-dividend Date: 3 March 2023
Record Date: 4 March 2023
Payment Date: 28 March 2032

However copy website says:

XD Mar 02, 2023

Poor admin & probably not cheap either

[bountyhunter] 27/2/2023 17:12

That sounds about right based on my experience, paid SD elsewhere earlier. Glad to here that is the norm across the board now in a way, having just paid it!
...but the question is should any of them be charging SD on DEC purchases or not?

[podgyted] 27/2/2023 17:00

ii was the only broker I was aware of that didn't charge SD in the past - unfortunately they do now.

[bountyhunter] 27/2/2023 16:45

Yes exactly, only 3 days time.
I'm just checking that my W8 Ben is up to date :)
Incidentally is stamp duty always payable on DEC purchases or does it depend on the broker?

[bluemango] 27/2/2023 16:25

X-div date is this Thursday 2nd March, paid 28th March.

[bountyhunter] 27/2/2023 16:19

Been thinking about getting back in here too long so finally bought back in at just below 105 today. XD soon and I couldn't see sub 105 holding for much longer as we approach the XD date.

[bluemango] 27/2/2023 15:09

Full steam ahead with the acquisition - motions passed.

Acquisition due to complete this Wednesday 1st March - further announcement then.

[lord gnome] 27/2/2023 10:10

I have cash to add if it gets back under 100 on ex-div day. I might get lucky.

[bluemango] 27/2/2023 09:47

General meeting expected today to approve conditional shares - to be allocated tomorrow.

[laurence llewelyn binliner] 23/2/2023 17:51

Buying at or just under the 100p so far looks to have been the trade and a steal before XD qualifying..4 days to go though to see where it trends..

[stevensupertrader] 23/2/2023 10:11

One can only use this way to calculate if one bought now and held for 53 weeks . if not the follow year one would have less one qtr div. !!!!

[bluemango] 23/2/2023 10:10

Taking the conventional view of quarterly div totalling $0.175 gives an annual yield of 12% - or 14.2% when held in a SIPP.

That's attractive enough.

[adg] 23/2/2023 10:01

Lab is taking the week 53 case so in that instance makes sense - but taking it the other side it would only account for 3 dividends in the next 51 week period………

[stevensupertrader] 23/2/2023 09:52

Lab305,
Qtrly div per annum @ 4 x 4.375
Not 5 x 4.375 !!!!!

[lab305] 23/2/2023 08:06

Next dividend 4.375c payable for those holding in a week. 53 week's dividend =21.875c assuming dividend stays the same. Less 15% = 18.59375c for 53 weeks. Divide that by 1.21 for today's exchange rate and you get 15.367p for the year + a week. That's more than 15%.

[1knocker] 22/2/2023 23:33

I agree Spangle. That is one of the reasons why DEC is my largest holding.

[erocnelg] 22/2/2023 21:25

My holding minimal but added some today the dividend is mental

[spangle93] 22/2/2023 18:53

1knocker - ref your 3

That would be true for all resource stocks. The best (or least bad) company in the sector that is mostly gas production (preferred transition energy source), that is not drilling and completing wells (using up natural resources, energy, and base metals) and prolonging the life of wells through its smart well management program... oh, it's DEC