Diversified Energy Share Discussion Threads

[greygeorge] 17/3/2023 19:24

Tag57, believe it or not, I'm hoping I'm wrong. BUT...I'm prepared to accept that the rumours flying around Houston are true. Time will tell.

[fred177] 17/3/2023 19:09

he might be on the short side ?

[tag57] 17/3/2023 18:45

GG, if you believe what you write why are you still invested? Tag

[greygeorge] 17/3/2023 18:35

The tiny crumb of comfort I have is that I know what's going to happen. For all the ostriches here , you're in for such a shock, lol.

[greygeorge] 17/3/2023 18:32

wilmherk - I am invested here, but that doesn't blind me to the con we've been suckered into. And if you can't see who the sucker is when it comes to DEC, the sucker is you.

Tanos II deal was a massive con, the first takeover of assets a couple of years ago was a decent deal, but Rusty agreed with the owners to pick up this rubbish on the seoond go around. Rusty's made his money, now he's going to take the company into Chapter 11, start taking a salary and do it all again in a couple of years with the few profit-producing wells the company will have left. the 65000 old and uneconomical wells, they'll be orphaned unless he can spin-off the well maintenance companies he's built within DEC, and that company will decommission wells under IRA Bill signed by Biden using taxpayer funds.

[cassini] 17/3/2023 17:06

I've had GeyGeorge filtered for a while - his writing style gives away his character and I've met enough people like that in real life to know to just walk away from them nowadays.

Never wrestle with a pig - the pig enjoys it and you both get filthy...

[loafingchard] 17/3/2023 16:32

Cos that would not provide entertainment for a troll

[wllmherk] 17/3/2023 16:24

gg, why do you care, if your not invested here why not move on to another board and comment shares you do own?

wllm :)

[greygeorge] 17/3/2023 16:00

cassini - Mr Market doesn't care about the hedging because DEC has MUCH bigger problems. Well the investors do, at least. Rusty is going to declare Chapter 11 bankruptcy protection, wipe out the shareholders and re-list the company in a couple of years, maybe in the US this time, where nobody will understand - or care about - the con that has been perpetrated on a bunch of foreigners. Genius ! And all totally legal.

[greygeorge] 17/3/2023 15:54

Still, could be worse, I suppose. At least I'm not lab305, who has a history of getting mugged.

[greygeorge] 17/3/2023 15:52

1knocker - LOL ! When you get to the point of musing about the dividend being halved, and still being a good return, to justify sticking with the con that DEC has turned out to be, you deserve to lose it all ! LOL.

They've got 70,000+ wells that need to be decommissioned over the next maximum of 26 years, even if you believe there's that much life left in any of those wells, at a cost of at least $50,000 per well, even if you believe Rusty's magic accounting.

We've been mugged, accept it and move on.

[cassini] 17/3/2023 12:01

To be fair, although the raise was responsible for a big drop, anyone watching BP or Shell the last few days will realise this drop is not all specific to DEC.

BP lost ~15% over the last few days.

Add 15% to DEC and you get... ~107p.

As for the hedging, Mr Market doesn't seem to care about it. Why not, I don't know, but that's Mr Market for you.

[holts] 16/3/2023 16:21

A very useful IHT tool again the pension , of course it won’t last the envy party will be in the seat shortly and will soon change that .

[1knocker] 16/3/2023 15:17

This is getting crazy (I hope). 90 would still look a good price if the dividend was cut 50% !!

I could not resist a very small further top up at 89.95, even though I am well overweight. Nor, actually is my holding only marginally red (as per my previous post). I am now 11% underwater. That would look worse save in contrast with some of my other 'safe' stocks. REITs have fallen off a cliff too. At this rate, I need not have worried about the lifetime SIPP limit had it not been abolished.

I guess many here will be looking at even redder DEC figures than me, and those more recent purchasers will not have the consolation of a stack of dividends already banked to give them a decent total return. Sometimes one just has to grit one's teeth and not look.

[gisjob2] 16/3/2023 14:35

Blimey, looks like the 80's now then ! Seems friendless at the moment, I can't help but feel everyone is watching and waiting on the sidelines.

[marvelman] 16/3/2023 12:33

Knocker...very interesting post...a good read.

[clive7878] 16/3/2023 12:10

Gas price falls, and so do the shares which keep drifting,
I said that they could go to £1, seem they could continue to slide further.

[laurence llewelyn binliner] 16/3/2023 11:20

#1Knocker, if the share price hovers around here through to April the 6th I will be grateful, but who knows what comes next.. :o)

On the SIPP amendments, great for holders, hammer it for a couple of years before Labour reverse it again, I was hoping for a lift on the ISA allowance too which has been frozen for 6 years now and rolling into a 7th which seems unbalanced with inflation running hot at 10%..

Q4/FY update and the next dividend news next week 21.03.2023..

[11_percent] 15/3/2023 18:28

Its been in a sustained down trend since end August 2022.

The share price collapse has increased since the 8th Feb placing.

Last week, and this week have seen an acceleration in the share price drop.

Its got momentum....will 90 hold????

Bounced off 90.5 today.

[lomand01] 15/3/2023 15:57

1knocker. I too feel the stock weakness is due to macro factors which is a relief. Interesting that if there are restrictions on bank lending, expect new O&G E&P activity to collapse. It's already very difficult to raise capital for this sector. Great news for DEC if this happens, chugging along as a low cost producer with very little debt (most non recourse or off balance sheet) and a solid hedging strategy at attractive margins. Time for cool heads 😉

[cassini] 15/3/2023 14:37

Indeed - a recession is on its way and the bond market yield curves - first inverting, now rapidly uninverting are supposedly classic indicators of an imminent recession.