Diversified Energy Share Discussion Threads

[gary1966] 25/8/2023 16:39

Drk1,

I use IG and clearly shows on their candlestick chart.

Hope that helps.

[drk1] 25/8/2023 15:04

@gary1966 - I dabble in charting, mostly using RSI and MA as signals. Keen to hear how you see (saw) the gap on the 18th, as I for sure can't and with DEC, every little bit of knowledge helps!

[1knocker] 25/8/2023 10:21

LLB Tax is a factor too. If buying within a SIPP it ought generally to be advantageous to buy ahead of the dividend

[gary1966] 25/8/2023 09:27

That's the gap from the 18/07 filled. It always happens.

[laurence llewelyn binliner] 25/8/2023 09:22

#1Knocker, depends on incoming dividends received here, ULVR next up 31st so my decision is made for me.. :o)

Adding at around 90 pence since May has been very handy for cost averaging..

[lab305] 25/8/2023 09:21

What buyers ?

[1knocker] 25/8/2023 08:30

An interesting question for buyers: before or after the ex div date?

[lab305] 22/8/2023 08:21

Just 6 more trading days to ex dividend as Monday is a bank holiday. Normally the share would rise in the last 3 or 4 weeks before exdividend but it's gone to sleep.
Surely there must be some news soon.

[laurence llewelyn binliner] 20/8/2023 15:16

The company have been positioning for the next deal with disposal of non core assets (USD40M and 16M), I would not like to see another 20% dilution to fund the next purchase, but anything is possible if the right scale opportunity comes along..?

Our next update is overdue, so looking forward to the week ahead.. :o)

[lab305] 20/8/2023 07:49

The problem is I think the open approachable company of a few years ago that gained a reputation for "doing what it said on the tin" is turning into the opposite. Hardly any deals done and almost silence since Rusty's March statement posted above. To give him the benefit of the doubt there are still four months left but that isn't much and after years of talk the US listing hasn't happened. If as many posters have written DEC want a large market cap for a successful US listing then that second disastrous placing in February was certainly not the way to go about it. I have a large holding but am not comfortable with it. There seems to be an opinion on here that because the dividend is good the share price doesn't matter but I have never subscribed to that point of view.

[scrwal] 19/8/2023 15:29

The strategic partnership with Oaktree ends at the start of October and judging by there being no Oaktree involvement in recent acquisitions it wouldn't surprise me that Oaktree have already pulled the plug. The rns announcing the 3 year partnership was on 5 October 2020.

Investors have had a big ride but in a downwards direction price wise.

[lomand01] 19/8/2023 11:58

1knocker. I agree. I would happily clip double digit div coupons for the rest of my life. DEC is effectively a publicly traded private equity fund but I suspect Rusty is frustrated that he cannot maximise the opportunity of acquiring cheap and accretive gas deposits and DEC gets punished every time it does. New drilling will get increasingly expensive and risky as tier1 targets are exhausted. Long life slowly depleting reserves will be worth multiples of current prices in 5-10 years. The current window of opportunity will not last fir ever

[1knocker] 19/8/2023 10:58

Could it be that the promise (threat?) of a transformative 2023 is a contributory factor to the current SP? There is I believe an old Chinese curse 'May you live in exciting times'. i don't hold DEC for an exciting ride. If the divi were to continue at the current rate for ever that would be more than enough to make me a very happy bunny.

[carcosa] 19/8/2023 10:21

Back in March Rusty said:

“2023, of course, we're already three months in but just, it will be a transformational year for Diversified. I will make you that commitment. It will not, it will not be a quiet year by any stretch of imagination.

In fact, you know, I'm 100% focused on three year strategic plan that will give investors comfort around sustainability of cash flows, dividend we’re highly focused on that. Some of them, the main initiatives of 2023, obviously the US listing is of most important. It will get done, It will get done.

...But there's everything on the table this year, we believe that the opportunity set is large. The other thing that we were going to really focus on heavily in 2023, is finding ways to get that value from our undeveloped assets. So we're having conversations with multiple parties about ways to joint venture to, to find ways to, to extract that value out of the assets.

So, we will see opportunities there and there will be ways to to do that and announcements coming For the analysts, you're going to be busy with us. There's going to be lots of activity that you're going to have to keep up with. For our investors. It's going to be a big ride this year, an enjoyable one.”

Long time since March until now, based on the inference of what he has said. Not been exciting at all, so far. Hopefully, like lomando01 says...Am waiting for something transformative.

[lomand01] 19/8/2023 10:10

I am looking for something transformative from the company in the next 4 months. They have been quiet since the last acquisition (apart from some initial sales of non strategic assets) and I believe Rusty wants to do something which changes investor perception. Let's face it, the UK investor community will remain sceptical of the current strategy and div policy and he knows it

[laurence llewelyn binliner] 19/8/2023 09:25

Looking at the dividend history the company have paid out:

0.035 * 4
0.040 * 4
0.0425 * 4
0.04375 * 3 so far + the coming dividend
0.045 for the next one to maintain the progressive policy..?

[2wild] 18/8/2023 21:07

They are hedged up to the eyeballs for next 2 years. There is no way they will not maintain Current dividend rate for next few quarters. May even see an Increase.

[bluemango] 18/8/2023 16:46

A reasonable trading day amidst a sea of red elsewhere. Not bad.

Was that a sign that the market believes maintainance of the current dividend going forward will be announced early next week? I do hope so.

[1knocker] 17/8/2023 00:17

If on New Year's day anyone had bet me that DEC would hover around 90 for months on end this year, I'd have taken his bet at almost any odds.If and when DEC is back comfortably above 100 no one is going to be able to moan that the buying window was so short that he missed it.

Either (1) this dividend is completely unsustainable and a cut of at least 50% is factored into the SP, or (2) this is the longest and best buying opportunity I have ever seen.

I have a full holding and have so far more or less managed to maintain portfolio discipline and to resist buying more (though at 89p I gave in to temptation), so I devoutly hope the correct answer is (2). Every dividend pays back a measurable percentage of my capital outlay, so if the divi is still holding and the price is still around the current level when the next divi drops I may well give way to temptation again and use the divi to buy a few more.

[bluemango] 16/8/2023 11:55

Have just checked and fwiw the previous six dividend declarations have all been on either a Monday or a Tuesday. So in theory, anyone who's been hesitating over the buy button may have only two, maybe three more full trading days to act.

[bluemango] 16/8/2023 11:38

I think it would be stronger when we have confirmation of maintained dividend for Q2 payable in December.

14 day RSI heading towards oversold.

[lab305] 16/8/2023 11:20

Ed dividend in two weeks interim results due , gas at 2.67 and now testing 90p. Why.?

[johnhemming] 15/8/2023 13:01

@marksp2011 it may be automatically written. (not exactly AI, but something automated)

[laurence llewelyn binliner] 15/8/2023 11:36

About the only share in my PF here not getting a drumming today..(so far) UK CPI/RPI data in the morning ..

[marksp2011] 15/8/2023 10:58

Lab305

You are right, that article shows several minutes of research and someone who can't even be bothered to use grammarly

I an not sure it being positive or negative really matters as it is simply twaddle.