Diversified Energy Share Discussion Threads

[loafingchard] 23/3/2023 16:17

You a holder here David?

[davidosh] 23/3/2023 15:56

Those were all bought after the results release

[johnhemming] 23/3/2023 09:29

One would assume that until the RNS with the results was issued directors were prevented from trading in the stock.

[pro_s2009] 23/3/2023 07:10

Acquisition of Ordinary Shares by Members of the Board

On 21 March 2023, Sandra Stash, Independent Non-Executive Director of the Board acquired 10,000 Ordinary Shares at an average price of 94.80 pence per Ordinary Share. Following this purchase, Mrs. Stash is now interested in 34,181 Ordinary Shares representing approximately 0.004% of the Company's issued share capital.

On 21 March 2023, David Turner, Independent Non-Executive Director of the Board acquired 160,000 Ordinary Shares through the open market at an average price of 94.69 pence per Ordinary Share. Following this purchase, Mr. Turner is now interested in 538,475 Ordinary Shares representing approximately 0.055% of the Company's issued share capital.

On 22 March 2023, Martin Thomas, Independent Non-Executive Vice Chair of the Board acquired 14,000 Ordinary Shares through the open market at an average price of 94.55 pence per Ordinary Share. Following this purchase, Mr. Thomas is now interested in 2,220,000 Ordinary Shares representing approximately 0.229% of the Company's issued share capital.

[bluemango] 23/3/2023 07:03

Three director buys. Good to see.

[smidge21] 22/3/2023 10:28

Many institutional equity income funds will have a 'no oil" hurdle to overcome

[lab305] 22/3/2023 10:23

Well Rusty and his team are at present in the UK doing the rounds of institutions but the institutions are plainly not biting. They have plenty of cash on hand but ceased the share buybacks which made glaring financial sense. If the company on top of a shameful placing cannot show support for itself either with buybacks or director buys , then why should anyone else ?

[1knocker] 22/3/2023 09:49

If you want to see an example of how DEC's accounts, applying GAPP,lead you up the garden path, look at the Simply Wall Street commentary 'Results exceed analysts' expectations. ,,,Net loss widens 91% from 2021'.

Anyone reading that would assume that the company is going bust at increasing speed, albeit less quickly than analysts expected!

One does have to look beyond the bottom line figure, and understand the methodology which produces that figure in order to know what that figure is telling you (and what it does not tell you. Surely that is precisely the task, telling us what conclusions we should draw from the figures, which analysts should carry out?

[bluemango] 22/3/2023 09:01

"I think that's a reflection on Andurand Capital's position"

Of course. And one can argue about the precise, likely year end figure. But there are sound reasons for energy prices to rise again and to be higher by latter part of 2023.

[lord gnome] 22/3/2023 07:27

Only $140? Golden Sacks promised me $220.

[carcosa] 22/3/2023 04:09

LOl! I think that's a reflection on Andurand Capital's position so any investors should get out of Andurand Capital!

[oneillshaun] 21/3/2023 14:28

I have a feeling this is going to bounce back before we get to reinvest the most recent divi and get some real value.

[bluemango] 21/3/2023 12:00

To save people looking, Q4 dividend payment date is 30th June.

[drk1] 21/3/2023 09:47

Great results and a fantastic hedge position - could be a very good year coming up for DEC - happy to be in (and stay in)!

[bountyhunter] 21/3/2023 09:24

85% of 2023 production hedged at an average
natural gas price of $3.83/Mcf

Represents 34% price premium and 70% increase
in coverage from year-end 2021

[lord gnome] 21/3/2023 08:00

GreyGeorge will need to get on the phone to his mates in that bar in Houston and tell them they've got it wrong. Houston you've got a problem.

[lab305] 21/3/2023 07:55

Looks very good to me , especially total Revenue up 90% to $1.9 billion and the hedged figure of $3.83/Mcf. ESG concerns addressed and money flowing into their own plugging company . Share price should recover but should never have got this low in the first place. Earlier call in as well DEC will host a conference call today at 8:00am GMT .

[skinny] 21/3/2023 07:04

.




Operating and Financial Highlights

-- Record average net daily production: 135 MBoepd (811 MMcfepd)
December exit rate of 141 Mboepd(a) (846 MMcfepd) excluding weather-related downtime

-- Year end 2022 reserves of 830 MMboe and $6.1 billion; 61% value increase from year end 2021 (b)

-- Adjusted EBITDA of $503 million(c) generating Free Cash Flow of $219 million(d)
-- Adjusted EBITDA Margin of 50%(e)
-- Net loss of $620 million, inclusive of $668 million tax-effected, non-cash unsettled derivative fair value adjustments

-- Total Revenue, Inclusive of Hedges up 49% to $1 billion(f) , net of $896 million commodity cash hedge payments

Total Revenue up 90% to $1.9 billion

-- Dividends paid per share up 6% to $0.17; Total dividends paid up 10% to $143 million
-- Recommending a final quarterly dividend of $0.04375 per share
-- 85% of 2023 production hedged at an average natural gas price of $3.83/Mcf
Represents 34% price premium and 70% increase in coverage from year-end 2021

-- Completed four sustainability-linked ABS transactions totaling $1.2 billion and amended the Company's Credit Facility to include sustainability-linked features, with 70% of total borrowings now sustainability linked

-- Completed a total of $566 million in recent acquisitions, including Tanos Energy II assets in February 2023 and the upstream, midstream and plugging acquisitions in 2022

-- Current liquidity of $190 million(g) and Leverage (Net Debt-to-Adjusted EBITDA) of 2.2x(h)
ESG Highlights

-- Awarded OGMP 2.0's Gold Standard for emissions reporting during 2022
-- 2022 Methane Emissions Intensity down 20% to 1.2 MT CO(2) e/MMcfe (FY21: 1.5 ), reflecting the impact of Diversified's ongoing emissions detection and measurement activities, which included the following for the full year 2022:

Completed 2+ surveys on 95% of producing sites with a no-leak rate of over 95% on repeat surveys

Conducted aerial surveys of 60% of the Company's 17,700 mile midstream system

-- Responsibly and efficiently retired 200(i) wells, up 47% from Appalachian well retirements in the previous year

Next LVL Energy has been awarded well retirement contracts on over 150 wells in 2023 for state orphan well programmes and third-party operators

-- The Company anticipates issuing its 2022 Sustainability Report in April 2023

more.....

[laurence llewelyn binliner] 20/3/2023 17:31

FY2022 results and dividend in the morning, see what we get for the next 1.. ;o)

[scrwal] 18/3/2023 14:47

1k
I too have problems selling because of the dividend and only sold here when it fell back from the 140s down into the 120s and I looked at other alternatives and swapped into those. I only realised funds to buy back in by selling shares that were showing losses but had also reduced their divis so given the DEC drop I thought that I would take a higher payout and have the chance of a higher gain on the bounce back.

Since holding this share I have come to regard the 120s as a twilight zone because it seems to get there , meanders about a bit and then falls back. The exception was the unexpected foray to the 140s which didn't hold for long and I didn't sell because I was hoping the trend had been broken but alas not and even now things are back to the same old.

[1knocker] 18/3/2023 00:09

Well done scrawl. I entirely agree with the theory. I have taken £26 a share out of AZN over the past six months, for example, in two 'round trips' out and back in. Because of the big dividend coming round every three months its damn difficult to bring oneself to sell DEC when the price is up though, especially as the dividend track record ought to lead to a price above the 120s. You had better prompt us when you reckon the time is ripe! Selling is much harder than buying.

[scrwal] 17/3/2023 20:31

Much to my surprise I am back in with a smaller holding bought yesterday at a price I wasn't really expecting. Once the macro bank problems are sorted things should improve and I will collect the divi in the meantime. I don't regard my holding a long term one because the share seems to move between the 90s and 120s so when it hits the upper level I'm out unless there is a really positive upward trend.
As I posted earlier the snap placement wasn't appreciated by the market and then the banking fiasco hit and made things worse.
The current hedging is above Rusty's $3 target but that figure was before high inflation hit.
I still think there should't be any buybacks and the company should try and start to build its ARO funding cash balance even if it's a token gesture to attempt to silence the various opponents who ramble on about the liabilities not being met.

[1knocker] 17/3/2023 19:42

I think GG must be a masochist, tag.

Today must have upset him greatly: there is no pain in a rise in the share price on the day. Dividend payment day will be another grim one for him, but happily for him they only come around 4 times a year.Anyhow, I expect he took care to buy at the ATH, so that his holding will at any rate still be deeply, painfully, and thus satisfyingly, in the red.

Clearly, as a masochist, he is invested in the hope of suffering pain from the disaster he sees coming to DEC. In the meantime, he gets the pain he craves by posting comments on this board to provoke responses from the rest of us, beating him up.

Perhaps we should all turn sadist, and when the masochist posts in the hope of being beaten up, we should not respond, thereby denying him the pain his masochism craves?

Its a funny old world. No accounting for folks like GG.

[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.