Diversified Energy Share Discussion Threads

[cassini] 05/10/2023 15:55

I have found reactions to RNS' can sometimes be delayed towards the end of the day, like someone just got around to reading it!.

I note that the original sell-off on Monday started at 14:30 and today's recovery started at 14:30 also.

Looks like the Yanks drove all of this, one way or another.

[1knocker] 05/10/2023 15:44

I wonder if the initial continued decline in the share price followed by a bigger rally (fingers crossed it is sustained) than we have seen for quite a while merely shows that most of the world took longer to learn of the RNS than those of us who have been following DEC closely?

[cassini] 05/10/2023 15:27

Back in to 80% of my previous holding a few pence cheaper than I sold them.

Hope I don't regret this...

[baker783] 05/10/2023 15:13

Will be back at 80p plus next week and your yield is shrinking.

[aleman] 05/10/2023 14:59

Gas spiking a little to $3.25 seems to be helping. Futures up modestly again.

[stevensupertrader] 05/10/2023 14:34

Do you didn’t sad 😞 case

[adg] 05/10/2023 14:30

You are a complete butthole and so full of yourself it actually makes me want to barff

[stevensupertrader] 05/10/2023 14:22

Did anyone took my hint at 14.40 to buy more ?

[elpirata] 05/10/2023 14:21

Im back in, should easily hit the 80's before next ex div

[topazfrenzy] 05/10/2023 14:19

And here we go, take off imminent

[tonytyke2] 05/10/2023 14:10

Well that looks like a 1.2m sell that was holding things back.

[baker783] 05/10/2023 14:09

Incredible yield at this price. You won't see the chance for long.

[justiceforthemany] 05/10/2023 14:02

hxxps://www.malcysblog.com/2023/10/oil-price-dec-predator-and-finally/

[justiceforthemany] 05/10/2023 14:01

Malcolm Graham Wood very positive on this today. Describes it as a must have investment. Target 175p
Nothing sinister about CFO leaving according to him.

[stevensupertrader] 05/10/2023 13:57

If anyone doesn’t cover his shortings , is at his peril

[stevensupertrader] 05/10/2023 13:40

DEC has touched double bottom and should be on the way up from now .
Volume getting larger and buying more than selling

[cassini] 05/10/2023 13:14

Looks like someone selling at 67p and limiting any upside at the moment.

[tom111] 05/10/2023 12:52

Just shows how much he knows,didnt even see the tax paid on the invoice when purchased lol

[mondex] 05/10/2023 12:43

Excerpt from Goehring & Rozenwacj report.

Full report at - hxxps://blog.gorozen.com/blog/natural-gas-markets?utm_campaign=Weekly%20Blog%20Notification&utm_medium=email&_hsmi=277112110&utm_content=277112110&utm_source=hs_email

Natural Gas Markets on the Verge
10/05/2023

The article below is an excerpt from our Q2 2023 commentary.

In our view, natural gas prices are reaching a turning point. Gas spiked to decade highs last spring following Russia’s invasion of Ukraine, only to fall back on milder-than-normal winter weather. Instead of running out of gas, traders worried about running out of storage as prices collapsed to near-all-time lows.

During market panic or euphoria, investors make the mistake of linearly extrapolating current trends. As a result, they fail to see the ground shifting underneath them and miss out on excellent opportunities. Natural gas represents a classic buying opportunity, and we believe investors are again focused on all the wrong issues.

Only several weeks ago, we heard many analysts openly question whether the US would run out of natural gas storage before the end of the injection season. Such an event would create the dreaded “gas on gas competition,” potentially driving prices to zero (or below). With the injection season half complete, these concerns were unfounded. Inventories started the year in line with seasonal averages. Extremely mild weather resulted in nearly 5% fewer heating degree days between January and April, significantly reducing heating demand. Inventories grew to 382 bcf above seasonal averages by April. Mild winter weather was followed by a mild start to summer. Cooling degree days in April, May, and June were nearly 30% below the five-year average, reducing air conditioning demand. Despite the milder than-normal start to summer, US inventories did not grow relative to seasonal averages. By mid-June, inventories remained 385 bcf above average. As the weather turned warmer in July, inventories have started to come down and currently stand at 320 bcf above average, the lowest level since February. Notably, July was 3% milder than average, suggesting the market would be in an even more significant deficit had temperatures been average. Liquefied Natural Gas (LNG) exports help explain why US inventories declined relative to seasonal averages despite mild weather. LNG demand reached a record of 12.5 bcf/d in May as Freeport returned online after a damaging fire left it inoperable for over a year. Based upon our analysis, the likelihood of full storage by the end of the injection season in the fall is very low; gas prices will likely rally from here.

Over the next two years, an additional six billion cubic feet of LNG exports will come online at Golden Pass, Plaquemines, and Corpus Christi. Another 1.6 bcf/d is due to come online at Port Arthur in 2027. Where will these facilities source their gas?

[adg] 05/10/2023 12:29

Interesting that volume isn’t anything to write home about is it.
Have almost 30k and may double up
Watching with interest as I feel this could jump very sharply

[johnhemming] 05/10/2023 12:04

The nub of the issue with plugging is that DEC has the long term revenue to fund plugging and is plugging as time goes.

[scrwal] 05/10/2023 11:58

The important thing from the BLM Bonding factsheet is "Reduce the nonoperational period after which a well is considered idled to 4 years" and how this affects DEC in the shorter term.

[scrwal] 05/10/2023 11:53

MRF
DEC is a FTSE 250 company not an AIM listed one.