Diversified Energy Share Discussion Threads

[my retirement fund] 04/10/2023 14:18

This is to protect taxpayers from footing the cost of decommissioning abandoned wells, the cost and prevention of the pollution from older end of life or empty wells, and stopping current operators from abandoning or selling on costly end life ir empty well liabilities. To me, it looks like it extinguishes DECs business case.

[fordtin] 04/10/2023 14:04

2wild - I sort of agree, but would prefer it if they’d exponentially increase the daily spend on buybacks as the share price drops. Imo they should be buying back over a million shares per day at this price.

Unless they know who the seller is. In which case, holding back until the seller gets down to their last 10 or 20 million shares, before seriously cranking up the daily spend, might be a cheaper way to achieve the best long-term shareholder value.

[johnhemming] 04/10/2023 13:58

@My Retirement Fund

I presume you mean this proposed rule:



Which seems to me to be implementing the provisions of the Inflation Reduction Act which have been around for some time now.

[2wild] 04/10/2023 13:38

As they issued millions of shares at 105 P several months ago, as far as I am concerned. They can keep Quiet and just keep buying back a few 100 K everyday at discounts of over 30%., for 8 weeks or so until we get the next Trading updates and dividend declaration.

[my retirement fund] 04/10/2023 13:28

You guys all had sight of that US Department of Interiors, "Bureau of Land Managemet" onshore oil and gas leasing rule consultation that closed on 22nd September? Nope, I thought not! Big State department like that bound to be pretty leaky, no? Not exactly the federal reserve, are they when it comes to connected party industry secrets. And what of DEC, some unheard of London listed AIM listed crud that no one the otherside of the Atlantic has heard of. Another AIM debacle! When in gods name, will they do something about the AIM grifter market, how many disasters will it take ?

[action] 04/10/2023 13:27

Is this another crypto company, I wonder?

[johnhemming] 04/10/2023 13:13

I have tracked the Methane Fee emission in detail and DEC have gradually improved their handling so that the payments if any will be negligable but probably zero.

[marksp2011] 04/10/2023 13:09

Look at UK small caps
The ITs all have a similar chart
A steady decline that has been steepening.

[stevensupertrader] 04/10/2023 13:07

Now no buyer is looking at yield anymore if they are buying - it doesn’t make anymore sense .

[stevensupertrader] 04/10/2023 13:05

Definitely heading that direction - you can see from the last week and this week share price movement and direction without any DEC RNS soon

[timbarker] 04/10/2023 13:01

Yeah, I got that reversed! But note it did subsequently drop to 56p soon after before recovering. Seems it may be heading back there!

[lab305] 04/10/2023 12:53

Their stock opened with £0.65 in its Feb 6, 2017 IPO.

[action] 04/10/2023 12:48

Is it positive FOR DEC or negative?

[timbarker] 04/10/2023 12:33

Seem to remember it was 56p at IPO in 2017

[stevensupertrader] 04/10/2023 12:33

1knocker - so you chicken out at 70p then !!!
I thought you would go for it and prove that you are a man of honour and meant what you said. Easy say than done as the saying goes .

[garycook] 04/10/2023 12:26

What is the lowest DEC as trading at in the past ?

[erocnelg] 04/10/2023 12:22

hxxps://www.edf.org/sites/default/files/2023-10/EDF%20CATF%20et%20al.%20Subpart%20W%20Comments%2010.2.2023%20FINAL.pdf

[johnv] 04/10/2023 12:19

Own these I meant.

[johnv] 04/10/2023 12:18

I don't these, but I have a whole list of companies which are slowly declining on no news. It seems to have affected the whole market.

[1knocker] 04/10/2023 12:11

This is unusual. No sudden drop on a scare story or an announcement, just a relentless decline.

It looks to be a self reinforcing spiral. though i already have a full holding, a while back I placed a limit order to buy at 70, with no real expectation that it would trigger, but thinking that if there was an end of day dip to that level it would be a gift. Last night I got cold feet and pulled the order, my reasoning being that on the facts as known to all of us, there is no more logic in a price of 70 than 80 (or even 100), and no less logic in a price of 60.

the fact is that every purchase that any of us had made over the past six months and more, for which we congratulated ourselves at the time that we had nabbed a bargain, would have served us far better had it been a sell !!

It seems to me that we have reached, long since reached, a point at which even bad news would be welcome because we would then know where we stand and would have the facts upon which to make rational investment decisions.

At present it is like walking down a street in what we believe to be a safe neighbourhood, and wondering why everyone else is looking back fearfully over his shoulder. Is there a mugger with a knife on the prowl, and is he coming up behind me? Its unnerving not knowing whether one should be running like hell or laughing at the fevered imaginations of everyone else, and contrary to nature not to look over one's shoulder too, just in case they have seen something we have missed. A self reinforcing spiral.

[aleman] 04/10/2023 12:09

Meanwhile natural gas continues to rise. Now $3.08.

[kaos3] 04/10/2023 12:02

once upon a time i would think, that share buy back mean no financial problems exists.

the market taught me differently. just an observation

[justiceforthemany] 04/10/2023 11:53

Why would anyone sell on the back of that nonsense?

[cassini] 04/10/2023 11:48

Is that new? I thought that was old news - like a couple of years old...

I'll have to read the article.

[spawny100] 04/10/2023 11:42

Poster on LSE suggests could be due to new ruling on methane emissions. Who knows...