Diversified Energy Share Discussion Threads

[tag57] 10/10/2023 13:27

LAB305, how much more of a buyback would you like to see and how much do you think it will increase the share price by?
Personally I would like them to protect liquidity / pay down the RCF and let the share price take care of itself.

[johnhemming] 10/10/2023 13:22

>The only other mechanism I know to explain the drop is forced redemptions from funds that held it.

There has been quite a discussion about people selling Open Ended Income Funds. Those result in automatic sales of the underlying securities. DEC is big in a number of these funds (because of the yield)

[laurence llewelyn binliner] 10/10/2023 12:57

#10076968 - same, it took 8/9 days last time, then it was withdrawn and re-credited at a worse FX.. :o)

Due date was 29th so it will be in before 10 working days..

[lab305] 10/10/2023 12:22

Excuses excuses. They could combat redemptions (just a fancy name for sellers) easily with buybacks but they just play at it. Bloody frustrating. Come on Stifel press some buttons.

[cassini] 10/10/2023 12:04

So it was all to do with spiking interest rates then?

The drop, I mean.

I thought DEC's loans were fixed for their duration and all covered by hedging/selling ahead, so why target it this way?

The only other mechanism I know to explain the drop is forced redemptions from funds that held it.

[10076968] 10/10/2023 10:12

Anybody not rec'd their Divi yet?I'm with Barclays and still waiting.

[2wild] 09/10/2023 22:55

The closing DEC auction price was actually above the high for the day, this bolds well for further rises tomorrow.

[tom111] 09/10/2023 18:19

The hatred is so deep now on both sides this will go on for generations.You can see what will happen if Israel carry out their threats of stopping medical aid food supplies fuel and electricity as well as the bombing, public opinion will swing the other way.A Palestinian spokeman stated on Sky News that no civilan people had been killed with a mind set like that theres no hope.

[1knocker] 09/10/2023 17:22

I doubt this war will much affect gas prices, or for long.

I don't see it spreading, as no one much likes the Palestinians. No doubt Israel will settle down to bomb Gaza back to the stone age (they have got it pretty close to that over the years already) and will step up their land thefts in all occupied territories, but I don't see anyone intervening to help the Palestinians, save by providing a bit of weaponry and ammunition perhaps.

Its all pretty depressing, the only bright spot being that one does not much care who wins (if it even makes sense to speak of a 'win' in a conflict like that) and just hopes that BOTH sides shoot straight!

[aleman] 09/10/2023 14:44

Europe TTF Nov gas is up 15% (UK +18%) on the Israeli Energy Ministry's instruction to shut-down Tamar gas production. Contracts for next year are up around 8-10%. Whether this affects Henry Hub significantly or not remains to be seen. There's been minimal futures rises so far.

[1knocker] 09/10/2023 13:14

Big jump for Doric Nimrod (A380 leases to Emirates) today. They now pay less than DEC.

[laurence llewelyn binliner] 09/10/2023 13:03

A penny or 2 a day recovery underway, nice to see after adding a few last week, seemingly rather well timed.. :o)

[renewed1] 09/10/2023 09:39

I think the reaction of the market to the last acquisition made it quite clear to management that the market wasnt prepared for them to take on more debt at this time.
Theyve clearly taken on board this view. Steady the ship for a year and the market will probably see acquisitions in a different light.

[fordtin] 09/10/2023 09:27

The only reason I can think of for the absence of acquisitions and the quite frankly pathetic volumes of the buybacks to date, is that maybe management believe if they wait long enough, the macro conditions will deteriorate, making acquisitions and/or buybacks even cheaper.

[lab305] 09/10/2023 08:09

fordtin absolutely correct, so why are they not purchasing more shares at these levels ?

[fordtin] 09/10/2023 07:59

I know what you mean, I was starting to think the lacklustre buybacks were a sign they were preserving capital for an acquisition so spectacular it would make buybacks look like poor value.
However, the Directors’ buys seem to rule out any current negotiations and rising gas prices suggest the window of opportunity could be closing.

[tom111] 09/10/2023 07:39

Not for now fordin but it must imo come sooner or later gl

[laurence llewelyn binliner] 09/10/2023 07:31

#fordtin, nice to be able add some more hedging at higher prices.. :o)

[fordtin] 09/10/2023 07:12

Gas futures looking perky this morning;

Natural Gas Nov 2023 $3.471
Natural Gas Dec 2023 $3.756
Natural Gas Jan 2024 $3.975
Natural Gas Feb 2024 $3.892
Natural Gas Mar 2024 $3.588
Natural Gas Apr 2024 $3.325
Natural Gas May 2024 $3.326
Natural Gas Jun 2024 $3.427
Natural Gas Jul 2024 $3.530

[fordtin] 09/10/2023 07:09

tom - Directors buying suggest there are no significant near-term acquistions on the cards.

[lab305] 09/10/2023 07:07

Yep . No Buybacks again on Friday and recovery in share price stalled in comparison to day before.

[tom111] 09/10/2023 06:37

I still think another acquisition is on the cards and that the buy backs are just a token jesture

[croasdalelfc] 08/10/2023 18:42

Information that would interesting is whether the 4000 bopd from the Tanos acquisition are hedged? And at what price?From acquisition: Additionally, DEC acquired a basket of hedge arrangements, including a guaranteed average GAS price-floor for 60% of the acquired PDP production of US$3.80 per thousand cubic feet (Mcf) during calendar year 2023...With a barrel of oil worth 4 or 5 times the equivalent gas then those 4k barrels of oil are very lucrative if unhedged.4000 barrels of oil? I hear you say... yes 24% of 17kboepd