Diversified Energy Share Discussion Threads

[glennpaul] 05/10/2023 07:40

Wonder if the FD left because of the US listing being canned?

[melody9999] 05/10/2023 07:36

only cancelling stated desire to list in US

[glennpaul] 05/10/2023 07:35

Swings and roundabouts. In a booming market probably a US listing a plus. In the present market conditions it probably wouldn't be worth the extra administrative cost. Suspect some of the selling will be from US investors who had bought in anticipation of a US listing giving the share price a boost.

[adg] 05/10/2023 07:34

I thought you knew everything super-boy

[stevensupertrader] 05/10/2023 07:25

Anybody knows whether is a good or bad thing to cancel listing in the US ?
Can anyone list some advantages or disadvantages .

[this_is_me] 05/10/2023 07:17

A positive initial market reaction to the RNS.

[glennpaul] 05/10/2023 07:15

That RNS is good enough for me. Bought big time.

[baker783] 05/10/2023 07:14

You have a 20 percent buffer if you are buying here. Incredible

[fordtin] 05/10/2023 07:05

re post #5763 "Declared shorts just 0.5%"


Where do you get your ’short‘ information from?

The Financial Conduct Authority are showing one current short position above 0.5% in their 04/10/2023 update.

”Adage Capital Management L.P. ... 0.66%”

They don’t track positions below 0.5%, so there could be hundreds of short positions of 0.499% or less.

[lomand01] 05/10/2023 06:59

It has always traded at a discount due to the fact that it is unique. Most investors have bought the stock for the yield but failed to understand the actual business.

[topazfrenzy] 05/10/2023 06:53

Market Makers and their cohorts

[holts] 05/10/2023 06:47

Presumably an intended re assurance that the FD hasn’t absconded with the pot.

[croasdalelfc] 05/10/2023 06:36

You mean it deserves less of a discount given it's hedged until end 2025 - low declines at 10% - is capex light , opex light, and makes a profit from it P&A subsidiary with an inventory of a million wells to plug over the next 50 years

[this_is_me] 05/10/2023 06:33

Yes top, It constantly amazes my how bad Boards in general are at buybacks and placings. BKG were very good at it; using money for dividends and or buybacks depending on the share price. Under present circumstances using future dividend money for buybacks would be a sensible move increasing the eps and future returns.

[marksp2011] 05/10/2023 06:26

Nothing company specific butInterest ratesRecessionRiskI have seen a 10.1 % drop in my trading pot in the last 3 weeks or so. DEC leads the fallers but, the market seems to be struggling to value assets at the moment - everything is volatile and the moves are irrational. If the new R Squared IE the neutral policy interest rate is returning to say 4%, equity valuations are way too highWho knows but stick with macro as micro is very confused

[topazfrenzy] 05/10/2023 06:24

They'll mark it down for a final shake at some point today and this week before they HOOVER EVERYTHING UP

You have been warned!

[topazfrenzy] 05/10/2023 06:23

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 06:21

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 06:19

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 06:18

WowSchizophrenia?

[topazfrenzy] 05/10/2023 06:14

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 06:11

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 06:09

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 06:07

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