Diversified Energy Share Discussion Threads

[fordtin] 12/4/2023 09:34

Their previous assessment gave a ~67% uplift from here.

The only other people I can think of where they can make such ridiculously random and consistently wrong predictions, and still keep their jobs, are weather reporters.

[skinny] 12/4/2023 09:30

Or put it another way - they can see a @13% lift from here.

[fordtin] 12/4/2023 09:12

Do they give an explanation for why they think they got their previous assessment so badly wrong,
or do they have a bunch of clients struggling to close their shorts?

[cwa1] 12/4/2023 08:55

* Diversified Energy Company Plc DEC.L : Jefferies cuts to hold from buy


* Diversified Energy Company Plc DEC.L : Jefferies cuts target price to 110p from 145p

[greygeorge] 07/4/2023 16:27

I FULLY endorse LLB's sentiment here. Buy Buy Buy. Let's get this back up to £1.05, for starters.

[laurence llewelyn binliner] 07/4/2023 16:23

Good to get the opportunity to add some at 95/96 pence in the ISA reload this week, NG1 has weakened further today so we might get some more shares lower yet.. :o)

[greygeorge] 07/4/2023 16:22

1knocker - Lol.

[greygeorge] 07/4/2023 16:18

Here you go, mondex. Full article.

[1knocker] 07/4/2023 16:03

'We are all doomed. doomed I tell ye'
If greyG is auditioning for the part of Private Frazer in Dad'Army'
Its a bit late, he has missed the boat on that one. Poor fellow, only his 'doomed' DEC shares left to keep him in the style to which he would like to be accustomed!

[mondex] 07/4/2023 15:32

Greygeorge, in 4590 you have inverted commas around all the paragraphs in your post. I cannot see a reference to the origin of these quotes. Where did they come from please?

[greygeorge] 07/4/2023 04:07

Tag57, I'm waiting for the share price to rally, then I'll be out. I figure it's got about a year, unless there's some serious environmental disaster that forces a tightening of state laws, and a 'Superfund' is set up, which will be paid for by the likes of DEC. Basically, if DEC flies under the radar for the next twelve months, with no bad news making headlines, suckers will buy in, attracted by that big beautiful dividend, and hopefully I'll be out at that point.

[tag57] 06/4/2023 17:56

Greygeorge- if you are stating “the financial truth” about this company and obviously have significant concerns about the number of aged wells needing capping, the dividend being cancelled, DEC declaring chapter 11, or the latest acquisition being terrible business why do you remain invested? Personally I wouldn’t hold an investment in a company in which I had so many negative concerns.

[greygeorge] 06/4/2023 17:53

Yeah...I can see how that next-to-last post of mine must have bitten you.

[petewy] 06/4/2023 17:17

that's me GreyG but I don't want gazillians a mere billion will suffice

[greygeorge] 06/4/2023 16:31

It's very funny to see someone down-marking these posts, I guess he or she doesn't like to be confronted with the financial truth about this company. I'm just answering the questions that have been posed 'Why isn't this company valued to my liking ?'. 'Why isn't the market as smart as I am ?'. 'Why hasn't my £700,000 investment not magically morphed into a gazillion pounds yet ?'.

[greygeorge] 06/4/2023 15:19

'...In 2018 the company (DEC) bought a portfolio of wells from CNX Resources Corp. CNX had pegged its cleanup liability at $197 million. Diversified put the liability for the same wells at only $14 million...'

'...Thousands of wells Diversified bought were producing nothing at all, meaning they were already out of compliance. State laws require nonproductive wells to be plugged promptly, so they don’t endanger groundwater or catch fire...'

'...“If the burden is so high to plug a well, then a company may not be able to do it, and you’ve defeated the purpose,” says Eric Vendel, chief of Ohio’s Division of Oil and Gas Resources Management. That concern was especially acute for Diversified, which was juggling an unprecedented number of idle wells in multiple states...'

'...An incident in Ohio shows the risk of that approach. In 2019, Diversified told state officials it had revived a well in Trumbull County, squeezing a modest amount of gas from a site that had produced nothing the previous year. That put the well back into compliance with state law. But when a state inspector visited the following June, she found the site idle, according to a report she filed. A field employee explained that the well was filled with water and hadn’t produced anything the year before, contradicting what the company had claimed. Diversified said any misreporting wasn’t intentional...'

'...No. 89 was drilled in 1964 and passed through a handful of owners before Diversified bought it last year from a small Colorado company. The gas it produced in 2020 would have been worth about $25 wholesale. It’s hard to imagine how a well like that could ever be profitable again...'

[greygeorge] 06/4/2023 14:55

Over 70,000 wells need to be capped over the next 20 years, that's 3,500 times $30,000 - even at DEC 'discount' capping cost estimate - per year every year for the next 20 years, at best possible scenario. All while each well depletes and revenue declines from each and very one. But yeah, it's all about the price of natural gas. Lol.

[lab305] 04/4/2023 19:30

1knocker you underestimate the damage done by the placing. They already made that mistake once and if you check it took a long period to recover. This time it is worse because even after the bad reaction the first time they went on regardless.

[tag57] 04/4/2023 18:05

1k- a steady sustainable increase in gas prices?

[1knocker] 04/4/2023 15:19

DEC is making heavy weather of getting its ton. I confess that I thought it would have that in the score book by now, and moving up the gears on the commodity price news. What more does the market want?

[scrwal] 03/4/2023 12:41

In the past , as has been posted on here before, the main issue with the W8-BEN was if the broker you used was linked to a bank which negated the effects of the form causing 30% wht to be the default outside a SIPP.

[marksp2011] 03/4/2023 10:52

I have just re-done my AJB W8-BEN
It is very clear about tax residency. There are no questions at all about where you are physically located.

[marksp2011] 03/4/2023 10:21

Guys

It is about tax residency not where you live

If you are tax resident in the UK and you would be paying UK tax then, you can benefit from the UK/US tax treaties

If you are not UK tax resident then, UK/US tax treaties are irrelevant. My understanding is you can be physically located wherever you like - I am not in UK most of the time but am a UK tax resident and I get the full benefit of the UK tax treaties.

In this case HL are either wrong if the poster is a UK tax resident or are doing a thorough job if he isn't.