Diversified Energy Share Discussion Threads

[tom111] 08/10/2023 10:56

If Iran is involved in the war with Israel i can repercussions by the US re further sanctions on oil production lets see how it unfolds

[carcosa] 08/10/2023 08:11

If you look at their associated RNS notifications (Oct 5/21, Nov 15/22, Nov 30/22. Mar 2/23, Apr 19/23 and Jun 6/23) it looks like they frequently go above and below the 5% threshold with minimal changes in their actual shareholding.

[fordtin] 08/10/2023 07:34

According to First Berlin the top 4 shareholder list has had quite a shuffle since 12th July.
I wonder if Pendal have left the building, or just dropped below 4%.

6/10/23
SHAREHOLDERS
Hargreaves Lansdown 5.0%
Vanguard Group Inc 4.8%
Blackrock Inc. 4.4%
Ameriprise Financial Inc. 4.0%
Free float and other 81.8%




12/7/23
SHAREHOLDERS
Pendal Group Ltd. 5.0%
Hargreaves Lansdown 4.8%
Blackrock Inc. 4.5%
abrdn plc 3.9%
Free float and other 81.7%

[t 34] 07/10/2023 20:00

current ratio=0.33 at the bottom of cash flow statement,
the top right part of document : current assets $338.7 m ; current liabilities $713.08 m so current ratio 0.47 , higher but still less then 1 .Is it something to worry ?? (First Berlin Research Note ).

[lomand01] 07/10/2023 19:01

1knocker. You are correct. The tier 1 acreage has largely been drilled. The next wells will be more expensive to drill and less productive. It will need gas prices at higher levels to maintain production.With all this LNG capacity coming on-line it is difficult to understand where the gas is going to come from. The days of flaring gas are over.

[tom111] 07/10/2023 10:14

Thanks TAG

[1knocker] 07/10/2023 10:02

I saw an article (sorry, I have forgotten where) which stated that Permian basin gas production is suffering the same production fall off as shale oil wells did, and construction of new wells is not keeping pace with the export terminal expansion fuelled by export prices which far exceed anything which the domestic market pays, and thus predicting tightness rather than glut of supply. The prediction was for higher US domestic gas prices over the next few years.
If that overview is right is right, it bodes well for DEC.

[tag57] 07/10/2023 09:01

Tom111, DEC has around 20%+ unhedged I believe so higher prices should help their financials and improve margins and cash flow. Also hopefully give the opportunity to hedge at higher prices assuming future prices are also increasing.

[tom111] 07/10/2023 08:50

Silly question but do DEC benifit greatly with a higher gas price ie hedge at the high price thks

[fordtin] 07/10/2023 08:25

"The author, First Berlin, or a company associated with First Berlin holds an interest of more than five percent in the share capital of the analysed company"

They'll definitely endeavour to maintain a neutral bias then!

[tom111] 07/10/2023 06:03

Since when do brokers ever get it right though

[scrwal] 06/10/2023 21:10

Latest First Berlin report

[lab305] 06/10/2023 20:24

Looking at the volumes they have the opportunity now to crank up the buybacks but I bet they don't. A flood of favorable broker notes over the last couple of days may unfortunately lead to a complacent attitude. Look we don't have to buy as First Berlin etc say we are worth 180p. Well yes they do have to buy and now 1 or 2 million a day otherwise we will just fester around 70p.

[tom111] 06/10/2023 18:41

Quoted from Trading Economics"US NG futures rose towards 3.3/MMBtu closing in on the highest level since January driven by reduced domestic gas production and an increase in gas exports.Gas exports to Mexico were also increasing"Looks good for the coming winter i would have thought. Trading Economics can be found easily on Google.It is very good for imfo regarding all commodities particular oils fx Wall street etc.Just noticed gas @ 3.35

[tom111] 06/10/2023 14:26

Gas up 3.25

[cassini] 06/10/2023 13:45

1knocker,

I daresay you're right, I've been feeling jittery, like I need to be doing something this week to stay on top of things but I'll just end up overtrading and getting whipsawed out of even more money.

A muted reaction to the US market open anyway.

[1knocker] 06/10/2023 13:21

Sometimes I find it is best not to look for a week, cassini. It gives the grey matter, if not the market, time to settle and one return to the fray with a more relaxed and objective mindset - and less inclined to do anything impetuous.

[cassini] 06/10/2023 12:48

I dunno, bond yields are blowing out yet again after a pull back yesterday.

I find this sort of market mentally exhausting.

Now I feel like I have to be watching a screen at 14:30+

[croasdalelfc] 06/10/2023 12:23

Waiting for the 14:30 rally to 80p ... let's see

[croasdalelfc] 06/10/2023 12:22

Most of the oil and gas wells on Federal lands are in New Mexico with some in NDakota, Wyoming and Colorado

[1knocker] 06/10/2023 11:36

I hope those who had the misfortune to buy at the ATH had the good fortune to catch this week's low. That will have made their average look much more respectable.

[johnhemming] 06/10/2023 10:22

The long term financial issue is where you see US Natural Gas prices going. Will the additional LNG export bring them close to global gas prices? Will the global focus on less carbon intensive fuels concentrate more on gas?

[tonytyke2] 06/10/2023 08:43

DEC Share Volumes, very interesting........

Average daily volume 3 months = 2.92m
Oct 3rd Volume = 10.33m
Oct 4th Volume = 16.74m
Oct 5th Volume = 26.26m

[topazfrenzy] 06/10/2023 08:33

Has sanity been restored?