Diversified Energy Share Discussion Threads

[bluemango] 05/10/2023 11:42

In case there's any confusion, DEC is on the main market and has been since 2020.

Nice to see the 'no known reason for fall' statement that I had been suggesting was needed.

[langland] 05/10/2023 11:27

My Retirement Fund5 Oct '23 - 11:24 - 5795 of 5797
0 0 0
How can a company not even mention this? Welcome to AIM, where disclosure is often decrecionary or unnecessary. Why do you think DEC chose to list on the AIM market in London?

As far as I can see, DEC is a constituent of the FTSE 250 not AIM.

[johnhemming] 05/10/2023 10:46

>however I can't really see how DEC will afford the bond
If the new requirements apply retrospectively (which is not made clear) then DEC would probably need four bonds at a price of USD500K each for four states.

I don't think that USD2Million would really matter. They have already done this to some extent anyway.

[johnhemming] 05/10/2023 10:44

The issue about plugging is not really news.

To me it looks like there may indeed be a broader question of a sell off in Open Ended Income Funds.

If that is the case then nothing much can be done about that and we will just have to wait for it to settle down.

[my retirement fund] 05/10/2023 10:24

How can a company not even mention this? Welcome to AIM, where disclosure is often decrecionary or unnecessary. Why do you think DEC chose to list on the AIM market in London?

[lomand01] 05/10/2023 10:06

LLB..good buy. By my estimates the pipelinea alone are worth 15p, the non core assets at least another 15p and the infill drilling probably another 15p. You are paying pennies for the PDP...happy retirement!!

[aleman] 05/10/2023 09:45

Only 12% of gas production was from federal lands in 2021 and most of it does not look to be DEC territory - being mostly New Mexico, Colorado and NW states. Does the bonding even affect DEC? It might even be beneficial if it raises costs for competition. How can the company not even mention this in today's comments? Is it not affected at all? Maybe there's no need to mention because there does not seem to be anything new. It's been in the public domain for months.

[laurence llewelyn binliner] 05/10/2023 09:31

#1Knocker, hit my target holding yesterday, not a bad day to buy either, now just let it ride for a decade and hoover up the dividends.. :o), OnG is not going to go run out of demand in my lifetime for sure..

[my retirement fund] 05/10/2023 09:23

Hello Johnhemming, well it certainly may not be news to you as you claim, however I can't really see how DEC will afford the bond requirements let alone the compliance that will be introduced from the Spring. This will place the American company into immediate Chapter 11 and the London listing will be suspended. I cannot see any other outcome.As you say not news to you, but I have to say I've had a look on the DEC thread and can see no sensible discussion about the changes what so ever.https://www.blm.gov/sites/default/files/docs/2023-07/BLM-Proposed-Onshore-Oil-and-Gas-Leasing-Rule-Bonding-Factsheet.pdfhttps://www.blm.gov/sites/default/files/docs/2023-07/BLM-Proposed-Onshore-Oil-and-Gas-Leasing-Rule-Factsheet.pdf

[lab305] 05/10/2023 09:20

A million a day would be more the mark Mark.

[1knocker] 05/10/2023 09:19

I am surprised that the share price is not up a bit on the RNS.
The 'Not aware of any company specific reasons ...' statement is unequivocal, and to my mind very reassuring.
I am also happy that the proposed US listing has been abandoned. It would have been a drain on management time we can manage without.
I bought a few more (for my trading account) this morning.

[marksp2011] 05/10/2023 09:11

There are roughly a billion shares in issue

Buying 350k shares doesn't make a dent unless it tips the balance to move to net buying

If they bought 350k every day for a year it would only take about 9% off the issued share capital.

[tonytyke2] 05/10/2023 08:54

All confirmed well with company, topped up again yesterday and just now. Happy to be sitting on around a 18.5 percent yield now. Good luck to all holders.

[mortal1ty] 05/10/2023 08:32

I think a 40% dividend yield might entice me in. :/

[lab305] 05/10/2023 08:21

Over 20% saved every year ahead on every dollar spent on buybacks whilst shares are around this price.

[laurence llewelyn binliner] 05/10/2023 08:17

#Fordtin - the Tanos deal added - current net production of 101 MMcfepd (76% natural gas), representing a c12% increase vs the Company's December 2022 exit rate net production..

[11_percent] 05/10/2023 08:16

Sp now negative on the day.

[stevensupertrader] 05/10/2023 08:15

Purchase more BB on a daily basis

[stevensupertrader] 05/10/2023 08:12

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 08:10

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

[lab305] 05/10/2023 08:09

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 08:08

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 07:54

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 07:41

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 07:41

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