Diversified Energy Share Discussion Threads

[lab305] 22/9/2023 10:51

Well if you want them cheap to buy with your dividend in a week you have your wish. I certainly wouldn't buy any more untill they reverse this relentless decline. The more they dither and the lower it drops the harder it will be to reverse. Has anyone contacted investor relations with their concerns and received a reply. If so please post their response. I have received none. Thanks.

[cassini] 22/9/2023 09:46

I thought GG's story was extremely unlikely but I thought I'd mention it for completeness.

I never dismiss stories out of hand just because they don't suit me, but GG never points towards any evidence for his theories, they're just woven around the falling share price.

[11_percent] 22/9/2023 07:35

80.25 on the bid.

[11_percent] 22/9/2023 07:15

Usual hit on the open........bots doing their job.

[qvg] 22/9/2023 07:10

Surprised there does not seem to be any comment on sudden departure of CFO, and major reorganisation of management. I have concerns on sustainablity of business model in current debt environment. I sold

[drk1] 22/9/2023 06:47

Cassini - absolute garbage, end off!

[fordtin] 22/9/2023 06:44

Cassini - the first thoughts which came to mind while reading your GG quote were;

"It's time to put on makeup
It's time to dress up right
It's time to raise the curtain on the Muppet Show tonight"

[lab305] 22/9/2023 06:39

CASSINI the theory doesn't actually stand up to any scrutiny. You know that they have shut some wells down and they await better gas pricing. Are you seriously suggesting that they would halt some production whilst at the same time fail to deliver their contracted production obligations??? If you read any more from that nutcase you will need therapy !

[cassini] 22/9/2023 00:40

So 'GreyGeorge', who got the boot from here a while ago for being snarky, has washed up again on the LSE DEC forum with wild stories about chapter 11 bankruptcy blah-blah.

However he did outline a potential mechanism for trouble this time, albeit requiring malfeasance from DEC.

So here it is for discussion:

We all know DEC hedges its gas sales to get a guaranteed price looking ahead so it can plan to pay off its debt with certainty. They don't get a great price for the gas compared to spot therefore in a rising gas market. This shows up as a non-cash loss. No big deal.

GG suggested that, were DEC unable to actually deliver the gas it had promised to, it would then be obliged to buy gas for delivery on the spot market at much elevated rates compared to its hedged price (certainly this would be true for last year when the spot price was up to $8 at one point I think) to honour its contracts.

This would constitute an actual cash loss.

I have no background in reading company accounts so can't really comment on this except to say if it happened and has made its way into the latest company figures I'm pretty sure someone would have noticed this almost right away.

Of course, that's if it made it into the accounts in the first place. If one was to take this theory a bit further, the departure of the CFO might not be unrelated...

Any comments?

[11_percent] 21/9/2023 22:24

This ain't looking good.

If it breaks 80.....there is no support on graph........this is the 4th attempt.

[valuehurts] 21/9/2023 22:16

The last thing we want is this going private.

[lab305] 21/9/2023 12:19

No buyback rns = shares drop . The announcements are probably even more important than the actions. We need consistency and as I have constantly said a sustained effort. I cannot understand their dithering after all it makes glaring financial sense to save 16%+ on every share bought when borrowing is considerably cheaper. They should buy every share back and take it private !

[bluemango] 21/9/2023 11:06

And another boost for dollar against pound with BOE leaving interest rate unchanged while Fed indicating another increase before y/e. All good for our dollar divis

[bluemango] 20/9/2023 13:17

Strengthening dollar is also making this more attractive for UK investors, with its dollar earnings.

[renewed1] 20/9/2023 13:14

Given all of the henry hub futures for 2024/25 are above 3 and theyve stated anything above 3 results in good profits I would have thought they would be in good shape going forward.

[aleman] 20/9/2023 09:12

lab305 - Biden's proposed 4% tax on buy-backs applies to listed and unlisted US companies. Although I don't know details, I would tend to presume it would apply to all US-taxed companies, regardless of where shares were traded and bought back.

Similarly, I would have thought the second bill banning buy-backs altogether might equally apply to all US-taxed companies, regardless of listing. It seems all about US taxes paid and not about where shares are traded. We await details .....

[oneillshaun] 20/9/2023 08:55

Yes I understand that they can only buy a percentage of the daily volume but I think what they have bought so far is not even close to that.

[lomand01] 20/9/2023 07:51

Shaun. There are restrictions on BB based on volume traded to avoid claims of stock price manipulation by the company

[lab305] 20/9/2023 07:18

I would say no. The buybacks are taking place in the UK on the UK stock market and have to be executed by a UK entity, in this case Stifel, and in UK currency.

[aleman] 20/9/2023 06:54

lab305
19 Sep '23 - 18:03 - 5468 of 5471

Aleman that wouldn't affect lse.

Would it affect a US company with a UK listing?

[oneillshaun] 20/9/2023 06:40

These buy back volumes are embarrassing

[11_percent] 19/9/2023 21:34

If you think usual opening drop - why don’t buy - you must have no confident then!

========

Its not about buying........a high proportion of the time.....it opens down, and makes some ground during the day.

[1knocker] 19/9/2023 19:12

'market manipulation results in prison', unless of course you find that you have allzhymers disease prior to sentencing but (uniquely amongst such sufferers) recover subsequently. Its amazing what avoiding gaol time can do for one's health.

[lab305] 19/9/2023 17:03

Aleman that wouldn't affect lse.
Meanwhile approaching 3
NATURAL GAS
2.843 +0.115 +4.22%