Diversified Energy Share Discussion Threads

[aleman] 03/10/2023 16:26

Gas poked its head above $3 for the 4th consecutive day. Can it stick this time?

[stevensupertrader] 03/10/2023 16:11

DEC needs to stop this before is too late .
Now is on free fall due to lack of buyers and support - soon it will be Amargeddon if nothing is done

[drk1] 03/10/2023 16:11

Good post over on LSE, having seen numerous cases where spooked PI's and stop/loss triggers have caused similar havoc, I remain happy to stay in and no regrets on adding. ;-)

"GG seems to be having some fun at some PIs expense.

He recently wrote: Ask yourselves this one question.

Are we smarter than the whole market, and see what the rest of the world doesn't, namely this is a fantastic company ...

Sounds reasonable, lets try another. Are some of us smarter than a relatively select few PIs that are being scared into selling, probably by shorters that are making on their fear? I don't see any institutions sales - just PIs. Funny that, I thought it was normally the institutions that were better informed. This recent share price recent fall - who has sold and how many shares?

Or another question - are the financial intuitions that invested £134.9m in the equity raise six months ago at a share price of £1.05 after full disclosure and due diligence really that easy to fool, after all the rigor needed to invest 10s of millions they fell for a floored financial model that has been the same for years - yes well perhaps not."

Each to their own. :-)

[stevensupertrader] 03/10/2023 16:09

Once sharesholders / investors confidence is lost 😞- the shares will be on free fall and will be snapped up or go under that how the real world works

[pedro_the_bandit] 03/10/2023 16:09

I have a significant share holding. I started buying at 54p back in the day. I just added another £30K at 72p. It is worth noting that DE has a share buyback programme that shall not exceed 97,410,000 Shares
Do not be surprised to see a bounce.

[lomand01] 03/10/2023 16:06

Not good when the share price is falling. DEC requires shareholder support for its future business.... particularly the institutions who I suspect are not happy. I expect a more oro active response from the BOD not to support the share price but simply to take advantage of retiring expensive equity. As you say plenty of ammo available

[riskvsreward] 03/10/2023 15:55

Unless the share price weakness is doing the company fundamental damage, why would the management panic, especially if they really have the cash to do some serious buyback.

[stevensupertrader] 03/10/2023 15:54

Fallen under 72p still dropping like flies , Good Luck and good hunting or got back into hiding 🙈

[spawny100] 03/10/2023 15:51

Looks like market thinksthey're going to slash their dividend like i3e did.

[stevensupertrader] 03/10/2023 15:29

Someone earlier mentioned that when blood is spilled , time to slaughtered more - easy say than done - how many really dare - I wonder !!!

[stevensupertrader] 03/10/2023 15:27

Now gravity takes hold plus loss of investors confidence will determine the direction DEC. Good luck to those who bought earlier and yesterday and the day before . Hope they don’t desert DEC and buy more now - dividend yield is 19% and still going up 😊

[1knocker] 03/10/2023 15:12

I am inclined to agree. While companies should normally only make statements in response to share price movements when there is a SUDDEN very large movement for no obvious reason, and plenty of other O&G companies have seen drops too (eg i3), the drop in the DEC share price since the dividend was paid has been notably large, particularly coming on top of the previous protracted slide.

The unexpected and (for practical purposes) unexplained departure of the CFO, and the absence so far of any of the significant business developments flagged early in the year, taken in conjunction with the large share price drop do seem to me to warrant an announcement. A reassuring one, I hope!

[cassini] 03/10/2023 15:02

I bailed at about 74.4p earlier on.

Too many eggs in one basket and I just made an 'executive' decision as it were, to reduce risk.

It may well be this will form a V-bottom and rebound bigly in which case you can consider me the perfect contra-indicator ;0)

As a poster mentioned earlier, the macro situation is concerning - the DXY (Dollar Index is 107.07 and the US 10 Year Treasury yield is now 4.70%, actually down a little from earlier. Both of these numbers are indicative of stress in my book i.e. the flight to 'safety' in the dollar and the selling of bonds.

When they come down, or some shadowy entity (The Fed) starts buying up the bonds that are being sold off the market jitters might abate somewhat and yields come under control...

Is that what's causing this waterfall with DEC? I think probably, but the CFO's rapid unscheduled departure with still no sign of a job to go to is probably not helping here.

I'll be looking to get back into DEC when things have calmed down, probably losing out in the process but hey-ho.

[bluemango] 03/10/2023 14:46

Without any doubt, needs a statement from the company to either say there's no known reason for the market reaction, or to explain what might be behind it.

Whether it's market irrationality or not, they need to make a statement.

Otherwise the snowball effect of stop losses continues.

[tonytyke2] 03/10/2023 14:35

Yep Drk1, just added 25% more shares myself, let's see where this goes in the next few days. Value and yield now looking bonkers!95 value score now on Stocko.

[aleman] 03/10/2023 14:35

Just had a couple of goes at $3 in last few minutes. Chart looks like it wants to ping. Of course, DEC don't sell much at this duration but they do sell a little. Not forgetting the NGLs and oils are a small % and have been doing well of late. It's baffling that the shares are going the opposite direction. No doubt all will make sense in time. :-/


free stock charts from uk.advfn.com

[stevensupertrader] 03/10/2023 14:18

But I can tell you it will touch 73p later on and then depend on the trading volumne I can tell you whether it will reach 70p then once it reaches 73p

[stevensupertrader] 03/10/2023 14:16

Marksp2011, if you can forecast - tell me !
I really would like to know .
I am waiting for your forecast of the turn point share price Clever you .lol
Please don’t let me wait too long .
I have no patience.

[marksp2011] 03/10/2023 14:11

LolYou can forecast a turning point in a price by looking at the price history?Clever you

[stevensupertrader] 03/10/2023 12:38

Topazfrenzy - I agree - to buy in stages to average down and that is the best strategy as no one can predict the bottom, however one must not catch a falling knife on the way down . Many a time , counter that kept on dropping has a reason as I said before , there is no free lunch in Life , that is my advice to everyone buying this counter .

[stevensupertrader] 03/10/2023 12:25

Topazfrenzy - that is true - when everyone runs to hide is the time to come out and hunt , less competition However , just careful of tigers still around 😂
Are you buying at 73.5 now

[topazfrenzy] 03/10/2023 12:10

money is made buying up when there is blood everywhere and quite a few shares are bleeding ..

GENL is another one, with Turkish pipeline about to reopen so it could soar 50% quickly from here

GLA

[topazfrenzy] 03/10/2023 12:08

Steve, timing an absolute bottom is not my intention, I am adding as it slides down ...

my average is not high in any case so at just over 75p it's a bargain imo although it could go lower of course ... but then again it could shoot up 20% in a flash too