Diversified Energy Share Discussion Threads

[stevensupertrader] 05/10/2023 09:15

Purchase more BB on a daily basis

[stevensupertrader] 05/10/2023 09:12

The reason imo is the Co expects share price would be going lower therefore reluctant to purchase on the daily BB

[stevensupertrader] 05/10/2023 09:10

You can see share price has fallen back after initial excitement after the release of RNS

[lab305] 05/10/2023 09:09

They are allowed under the rules to purchase no more than a quarter of the average daily volume of shares traded. Up to now they have been nowhere near that . The average in the last month was around 3 to 4 million but that will increase markedly with recent volatility. They could therefore increase their buybacks to probably a million a day at least legally. Up to now they have shown a marked reluctance to purchase any significant amounts.

[stevensupertrader] 05/10/2023 09:08

The cancellation of US listing can affect share price as many investors bought in because of the expectation of the US listing that is my view .

[fordtin] 05/10/2023 08:54

LLB - any idea how much the "non-operated assets" contributed before they were sold?

edit -

Found it,

"The Assets include approximately 200 net, non-operated wells producing 3Mboepd (17 MMcfepd)."

So we'd need to knock 17 MMcfepd off those Q1 & H1 numbers before comparing with the Q3 forecast.

[laurence llewelyn binliner] 05/10/2023 08:41

Q4-2022 - 805 MMcfepd
Q1-2023 - average production of 833 MMcfepd
H1-2023 - net daily production of 852 MMcfepd - inc Tanos
Q3-2023 - 805 MMcfepd - 830 MMcfepd tbc

[baker783] 05/10/2023 08:41

https://www.proactiveinvestors.co.uk/companies/news/1028797/diversified-energy-unaware-of-any-specific-reason-for-share-price-fall-1028797.html

[glennpaul] 05/10/2023 08:40

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

[melody9999] 05/10/2023 08:36

only cancelling stated desire to list in US

[glennpaul] 05/10/2023 08:35

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 08:34

I thought you knew everything super-boy

[stevensupertrader] 05/10/2023 08:25

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 08:17

A positive initial market reaction to the RNS.

[glennpaul] 05/10/2023 08:15

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

[baker783] 05/10/2023 08:14

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

[fordtin] 05/10/2023 08:05

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 07:59

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 07:53

Market Makers and their cohorts

[holts] 05/10/2023 07:47

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

[croasdalelfc] 05/10/2023 07:36

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 07:33

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 07:26

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 07:24

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!