Diversified Energy Share Discussion Threads

[1knocker] 29/9/2023 19:30

Yes, HL have now credited my account too. My largest ever DEC dividend - long may it continue.

[bluemango] 29/9/2023 18:35

HL has now credited the dividend.

[loafingchard] 29/9/2023 18:35

The dual mass flywheels start to clatter as the springs weaken over time, not considered serviceable under normal circumstances.

[loafingchard] 29/9/2023 18:33

Dual mass flywheel only needs replacing if its misbehaving, that said half the cost is usually labour so arguably worth doing while the gearbox is out. You can replace the dual mass with a traditional solid flywheel but expect it to be a bit lumpy on idle. The dual mass is designed to reduce vibration and is standard issue on modern diesel cars.

[cassini] 29/9/2023 18:15

ii has paid the divi.

I need the cash, my car's clutch has just started to go and it's paired with a dual-mass flywheel that must be changed at the same time.

I needed a stiff drink after hearing the quotes...

[lord gnome] 29/9/2023 18:12

ii paid on the nail as always.

[joey52] 29/9/2023 17:14

AJ Bell not paid today either and they normally pay on the day, in the afternoon.

[1knocker] 29/9/2023 16:54

Very irritating. HL paid my IMB dividend today, but not the DEC divi. So I guess it sits in their bank account rather than mine over the weekend, if not longer.

[1knocker] 29/9/2023 10:49

Anyone proposing to reinvest the dividend might do better to put in a 60 day limit order a shade below today's price. Not much joy in buying today and competing with others reinvesting the dividend. its a volatile market, 60 days will get you in before the next ex div date, and you can earn a bob or two on the money while you wait for the order to trigger. The share price may run away from you and you will miss the boat, but it has not shown much sign of doing so recently.

[laurence llewelyn binliner] 29/9/2023 09:48

The BB is IMO only there to give support to the share price in case some holders want out for whatever reason, the volumes bought are so small they are almost negligible and will not have any meaningful impact in reducing the shares in issue..

Dividend payday today so some buying will be inbound as the DRIP starts later on this afternoon..

[shawzie] 29/9/2023 09:27

I am just a simple country lad but I cannot see the sense in a DEC share buy back.
If the policy is to reduce the number of shares in circulation and improve the NAV per share, would the Company not need to stop issuing new dividend re-investment shares and bonus shares to Directors?

[laurence llewelyn binliner] 29/9/2023 08:32

Dividend payday, see how many get rolled back in at 81 pence.. :o)

[stevensupertrader] 29/9/2023 08:17

No investor wants to Hoover up yield of 17% because share price is going the opposite direction , as such the capital invested is getting lesser and lesser ( therefore negative capital growth) who the hell wants to take such a risk . There is a saying NO FREE LUNCH .

[lab305] 29/9/2023 07:54

No buybacks yesterday = shares dropped. Surprise surprise.

[lab305] 28/9/2023 23:07

NATURAL GAS
2.945 +0.046 +1.59%
Gas price approaching 3. Share price not responding. A complete lack of any feel good factor day after day , month after month. I was expecting a blockbuster year with lots of news and deals but nothing .As gas prices now increase value acquisitions will be harder to find. If they are paying 17% as quoted here why are they not hoovering up cheap stock and saving millions?

[stevensupertrader] 28/9/2023 13:06

Yield is over 17% and rising at the expense of share price

[stevensupertrader] 28/9/2023 12:56

Amateur Board decides on Buyback, what a waste of Company valuable funds , reduce debts would be a better option as then next year the account figures would look more pleasing . Definitely going under 80p even oil and gas prices are up due to US winter supply shortage . Dividend yield is shooting up and share price is moving in opposite direction. - DEC is definitely unloved and unwanted , already investors confidence is at all time Low ,

[skinny] 28/9/2023 09:50

Normally after midday (most dividends).

[bluemango] 28/9/2023 09:44

Yes, usually - apart from some overseas ones which can be a couple of days later.

I'm pretty sure DEC is paid on time, so that will be sometime tomorrow, 29th.

[t 34] 28/9/2023 09:36

Does HL credit account with divi on payment day?

[lab305] 28/9/2023 07:08

So predictable. Just 2 days of Buybacks = Share pullback from 78p. Reinvestment of dividends should provide some support from tomorrow for a few days.

[mondex] 27/9/2023 15:20

From S&P Global:

Big US gas drillers have 50% of H2 2023 production hedged at $3.35/Mcf
Large US shale drillers have hedged 50% of their anticipated natural gas production for the second half of 2023 at an average price of $3.35/Mcf, well above the NYMEX curve, according to an S&P Global Commodity Insights report.

The nine drillers comprising Commodity Insights' peer group of large North American gas-focused exploration and production companies are also buying more price protection in 2024, the researchers said, in anticipation of a further rise in gas prices. All nine are based in the US.

Hedges contributed $924 million to the peer group members' cash flow in the second quarter because the benchmark NYMEX Henry Hub gas futures prices were closer to $2/Mcf than the $3/Mcf-plus strike price of hedges most producers bought, the Commodity Insights upstream analysts said.

The banks that sold the contracts — most frequently, swaps — have to make up the difference between the strike price and the lower NYMEX price.

Prices are expected to move higher in 2024, and gas drillers are still locking in price protection, analysts Travis Williams and Thomas Wilson said in their report on oil and gas hedging through the second quarter of 2023.

"With the 2024 strip averaging $3.58/Mcf by the end of the second quarter, there was an uptick in hedging activity to 24% of forecast production," the analysts said. For 2024, the gas group has 30% of production hedged at $3.56/Mcf, the Sept. 21 report said.

The NYMEX contract had a Sept. 25 preliminary settlement price of $2.639/MMBtu for the October contract, which is set to roll off the board. The succeeding November contract had a preliminary settlement of $2.906/MMBtu on Sept. 25.

"We believe that these elevated prices could continue to entice operators to lock in hedges for 2024, as their hedges have proven beneficial to the group, similar to the second quarter, when realized derivatives bolstered cash flow," the analysts said.

Seven of the nine large North American gas-focused E&Ps added 2024 natural gas hedges by the end of the second quarter, the note said, with five of the nine adding to their 2025 hedge portfolios. Still, gas producers are hedging less than they have in the past, according to Commodity Insights data.

"The large North American gas-focused E&P peer group remained markedly underhedged at 50% versus the five-year median of 69%," Commodity Insights said.

Among the larger group of oil and gas independents, a higher percentage of gas production was hedged compared to crude oil, the researchers said, with fewer gas hedges for 2023 and 2024 than the historical trend.

"Companies continued to hold off on adding meaningful new hedge positions for 2023," the upstream analysts said.

Marcellus Shale driller CNX Resources Corp. has more of its second-half production hedged than any other company in its peer group, with 80% hedged at an average price of $3.04/Mcf. With the lowest percentage of the group, West Virginia operator Antero Resources Corp. had the least amount of production hedged for 2023, 4% at $2.42/Mcf.

[croasdalelfc] 27/9/2023 07:14

Btw the estimated number of non producing abandoned and sometimes plugged US wells is 3 million ( yes 3 million!) and producing is a further 1 million Out of those producing - more than 50% produce less than 50boepd and 1/3rd less than 25 boepd