Diversified Energy Share Discussion Threads

[topazfrenzy] 05/10/2023 07:23

Keep Calm and Carry On!

Dividend yield at 20% as of yesterday! Pocket it and wait for the share price to recover, which it will ..

[mortal1ty] 05/10/2023 07:21

I think you will be surprised how little this bounces today.

c. 10% dividends are common place in the energy sector at the moment. This deserves a big old discount to that given its gas, in decline, and has question marks about plugging costs.

[lab305] 05/10/2023 07:19

Output down though from last update at the interims.. June 2023 exit rate of 864 MMcfepd ( 144 Mboepd )
Meanwhile
NATURAL GAS
3.005 +1.45

[marksp2011] 05/10/2023 07:18

WowSchizophrenia?

[topazfrenzy] 05/10/2023 07:14

The stockmarket is so manipulated and what has happened with the share price here is a classic case, pushing the price down before hoovering shares up ... this is not the first time and won't be the last, this is how they make their fortunes, what you need to do is jump on when there is blood in the streets which is what we have been seeing very clearly ..

glad for the update regarding the share price and that they are continuing with the buy back, which for a change when it comes to most companies is being done very very cheaply

[garycook] 05/10/2023 07:11

05 October 2023

Diversified Energy Company PLC

("Diversified" or the "Company")

Comment on Share Price and Production Update

Diversified Energy Company PLC (LSE:DEC) today notes the recent decline in its share price and confirms it is unaware of any operational or Company specific reason for this share price movement.

By way of a general update, the Company refers to our recent Announcement of the Interim Results for the Six Months Ended 30 June 2023, which were released to the market on 1 September 2023, along with the Announcement of the Increase in Borrowing Base, which was announced on 26 September 2023. Further to these announcements, Diversified confirms there has been no material change in its financial or operational condition.

The Company is pleased to provide an update to the market on its most recent Third Quarter 2023 production results, which are anticipated to be in the range of 805 MMcfepd (134 Mboepd)- 830 MMcfepd (138 Mboepd), in line with expectations, and reflects the sale of our non-operated assets completed during the second quarter of 2023.

Additionally, given the current equity market dynamics, the Company is no longer pursuing its previously communicated desire to list shares in the US. The Company will continue to execute share repurchases under its previously announced share repurchase program.

[lab305] 05/10/2023 07:09

Good update on reassurance. Not wasting any money and time on US listing. I said a few days ago that project would be shelved. Only 200k shares bought though . Insufficient under the circumstances.

[laurence llewelyn binliner] 05/10/2023 07:07

RNS out..No reason known for the share price declineProduction for Q3 as expectedUS listing suspended

[croasdalelfc] 05/10/2023 06:00

Very little DEC gas production is on Fed lands : mostly it's New Mexico , followed by Wyoming and North Dakota and Colorado.hTTps://www.enersection.io/u-s-natural-gas-production-on-federal-lands/

[valuehurts] 04/10/2023 21:36

Quite a lot of this selling could be open ended funds selling to meet redemptions. In some UK income funds DEC is often a surprisingly large position. Doubt there are many fund buyers of large positions in the current downswing.

[croasdalelfc] 04/10/2023 19:54

The 2021 federal Infrastructure Investment and Jobs Act allocated $4.7 billion to plug abandoned oil and gas wells throughout the country. Soon after the legislation was passed, Diversified Energy began acquiring well-plugging companies to take advantage of these federal funds.

[loganair] 04/10/2023 19:22

It seems to me reasonable to say one of the main reasons DEC share price drop is due to whole sale gas prices in the U.S. are at a multi year low.

[tag57] 04/10/2023 19:05

Croas, also depends on how much of Dec’s wells are on federal lands, not sure how much this is, 100%?

[r9505571] 04/10/2023 18:50

Oil down 5% to $86 a barrel

[croasdalelfc] 04/10/2023 18:27

What's the big fuss? hTTps:www.blm.gov/sites/default/files/docs/2023-08/BLM_OilandGas_Virtual-Public-Meeting1_Presenation_508.pdf

[croasdalelfc] 04/10/2023 18:21

If this is the big fuss then it's a storm in a tea cup: hTTps:www.blm.gov/sites/default/files/docs/2023-08/BLM_OilandGas_Virtual-Public-Meeting1_Presenation_508.pdfSee changes in fees and bonds . Nowhere does it say retrospectively. And even if retrospectively it should only cost a few million dollars, most of that via refundable bonds.

[mondex] 04/10/2023 18:03

Buying back shares in a heavily declining market is not a wise thing for a company to do unless it is cash reach with deep pockets & it knows its business model & the market for its products is sound.

From Rystad Energy:

Rystad Energy: New natural gas production is needed to meet demand
Published by Emily Thomas, Deputy Editor
Wednesday, 04 October 2023 09:13

Global gas demand is projected to rise in the next decade, thus influencing a 12.5% surge in production between 2023 and 2030. However, Rystad Energy forecasts that even in scenarios of 1.9 – 2.5°C warming, with rapid growth in renewable energy sources, the current set of existing gas fields will not meet global demand, requiring rapid growth in unconventional gas supply. Gas-rich geographies such as the Middle East, with basins such as Rub al Khali, will play an essential role in bridging that gap, providing an estimated 20 million tpy of LNG by 2040.

The production of unconventional gas, such as shale, has experienced rapid growth in recent years due to technological advancements and reduced lead times. This rapid growth has driven the global share of unconventional gas supply in global gas production at a pace that has previously required significantly more time to achieve, escalating from 4% in 2000 to 12% in 2022 and 35% in 2023.

The influx of affordable gas from unconventional sources and ongoing supply from exporting countries like Russia has tempered exploration efforts for conventional gas. This is evident in that nearly 70% of discovered conventional volumes have yet to receive sanctions for development, showcasing the hurdles and reluctance to develop some of these finds.

Historically, Russia and the Middle East have dominated conventional gas production. This is not slowing down anytime soon, with Middle Eastern countries ramping up gas volumes as part of their new energy transition strategies.

“Gas is increasingly considered a crucial stepping stone to a sustainable future. With reduced emissions and regional energy security goals aligned, gas is poised to play a pivotal role in the global energy transition. The Middle East is a key driver of this shift, slowly moving into developing and increasing gas volumes as part of their new energy transition strategies,” says Aatisha Mahajan, Vice President of Exploration with Rystad Energy.

[justiceforthemany] 04/10/2023 17:39

No with-holding tax in a SIPP

[lord gnome] 04/10/2023 17:28

I doubt it oneillshaun. BOTs don't do RNSs. I reckon most of the volume has been BOTs trading amongst themselves. There seem to have been just a few chunky real trades today.

[lab305] 04/10/2023 17:27

18.4% dividend per year after deduction of witholding tax and slight premium on currency exchange.

[oneillshaun] 04/10/2023 17:23

16m volume I am assuming we will see a few RNS statements this week

[marksp2011] 04/10/2023 17:23

Good manYou wanted a buy back and now you have one

[1knocker] 04/10/2023 17:03

stephenst, if you bother to read accurately what folks post here you would have seen that I have stated all year that I have a full holding of DEC and consider it prudent to stick to limited weightings in ANY stock. You will also see hat I have prefaced every post expressing the view that a price presents a buying opportunity IMO with a statement that i will not myself be buying because I am up to my self imposed portfolio limit.

My limit order at 70 was placed on the basis that it was unlikely to trigger, save on some exceptional end of day blip. In that event, I would have been looking to sell the additional shares for a trading profit.

You seem a very disgruntled and querulous fellow. That's fair enough; it takes all sorts to make a world. But if your posts are to be of any value at all as commentaries upon observations made by others, you do need first to read accurately and to understand those observations.

[justiceforthemany] 04/10/2023 16:53

So are you calling the oil analyst Malcolm Graham Wood who has been bullish on this stock clueless?
22% yield now actually.

[1knocker] 04/10/2023 16:40

If the Motley Fool is bullish DEC we really do have something to worry about!