Diversified Energy Share Discussion Threads

[valuehurts] 14/10/2023 00:09

Topped up today

[lab305] 13/10/2023 12:53

Well I sold those purely on no buybacks yesterday. Since there have been several director buys very recently I presume there cannot be any imminent announcement that would effect the share. That being the case we are left with only buybacks to combat this rout. I feel that the company is certainly not doing us any favours in both buyback execution and communication.

[1knocker] 13/10/2023 12:45

That makes perfect sense to me. If you are overweight, considerations apply which do not if you are less heavily committed. A risk you can afford is not at all the same thing as a risk you can't, whatever you hope/think/expect will come to pass.

[fordtin] 13/10/2023 10:41

I also hope it proves to a bad move, I really don't want to end up regretting not following suit.

[lab305] 13/10/2023 09:12

fordtin that's correct but I bought and sold 3 times as they were dropping over the last 3weeks. 81p was my break even point. The last deal was a profit of around £5k but the others lost me 8k . I have tried to be patient but have a massive investment here and don't want to lose it all. My patience is frayed to say the least and no doubt my selling those few this morning will prove to be a bad move. I certainly hope so as I still hold considerably more.

[fordtin] 13/10/2023 08:47

lab - "Losing money" ?

last week you posted that you'd bought 54k shares at a fraction over 66p.
if you've just sold them, pesumably you got iro 75p?

That seems like a decent profit in just over a week.

[lab305] 13/10/2023 08:12

Just sold another 54k shares. Losing money but then I'm losing faith. No buybacks again yesterday.

[erocnelg] 12/10/2023 20:08

Not sure about share price moving above 100https://www.euronews.com/2023/10/11/european-gas-market-is-nursing-another-hit-this-time-from-israelI predict share price above 100 very soon

[erocnelg] 12/10/2023 19:49

I hold dec for the long term sipp. This investment works for me as the dividend pays for more drips. If you don't drip feed the investment like I do I agree its a short term discussion for sure

[erocnelg] 12/10/2023 19:39

https://tradingeconomics.com/commodity/natural-gasUp 15pc War related

[1knocker] 12/10/2023 16:30

Does anyone know when we can next expect any further announcement from the company? I certainly agree that it would be instructive to know the current intentions in relation to buy backs, and also what the current intentions are more generally.

At the start of the year a US listing was intended (now abandoned) and a transformative year was said to be in prospect, but nothing much has happened yet. I would be perfectly happy to hear that it is 'steady as she goes' for the time being, or that the powder is being kept dry for further acquisitions if and when they are available in the right places at the right price. Equally, if there has been a change of plan, it would be good to know what that is.

The posts on this board show that some indication of the BoD's current intentions would be welcome to shareholders, as was the RNS confirming that they knew of nothing internal to the company to explain the slide in the share price That was reassuring, though i can't say that the 'inflation' of job titles also announced filled me with any new fervour!

[1knocker] 12/10/2023 15:00

I can't foretell the future any more than anyone else can, oneillshaun, but if i had reached the conclusion you have as to what is likely here, I would not be posting here, because my finger would be occupied elsewhere, hitting the 'sell' button!!

[oneillshaun] 12/10/2023 13:55

I don't see the share price moving significantly up, and the management seem to have there own playbook and I think can easily drop to 60p before it gets close to 100p again, another crazy funding stunt like they will destroy the trust

[1knocker] 12/10/2023 13:04

Surely if you 'get close to that' all is well, oneillshaun? On the other hand, if you think this is a dog, a value trap, you should be getting out now before worse befalls?

[oneillshaun] 12/10/2023 10:09

This is going to take a year or so to rebound 100p plus, shocking management and horrendous communication.The dividend is very attractive but the falling share price ends up leaving you in a hole even if you reinvest, happy to admins I jumped on at 108p now have an average of 98p, if I can get close to that I will be seeing out of this dog.

[laurence llewelyn binliner] 11/10/2023 17:51

11.10.2023 - Exxon Mobil is buying Pioneer Natural Resources in an all-stock deal valued at USD59.5BN, its largest buyout since acquiring Mobil two decades ago, creating a colossal fracking operator in West Texas.

Including debt, Exxon is committing about USD64.5BN to the acquisition, leaving no doubt of the Texas energy companies commitment to fossil fuels..

Might edge our next deal in scale, but a sign of MnA in the space while gas was on a low.. :o)

[2wild] 11/10/2023 17:26

Some always have, mainly in Oil and gas companies who are committed to net zero by 2050.

[valuehurts] 11/10/2023 13:48

ESG funds are buying oil stocks now.

[fordtin] 11/10/2023 13:45

Cheers lab, just wish I could make sense of it.

Refraining from the opportunity to buy millions of shares iro 65p makes the buyback program feel like a token gesture attempting to appease us.

They seem to be preserving capital for something. I just hope whatever it is, it’s worth much more per share than that missed opportunity.

[lab305] 11/10/2023 10:27

fordtin excellent summary on scale of buybacks . Thank you.

[fordtin] 11/10/2023 09:43

LLB - re "being seen to be going greener",
'green energy' companies haven't fared any better than DEC recently;

GRID = blue
DEC = red



free stock charts from uk.advfn.com

[renewed1] 11/10/2023 09:18

Som of the best opportunities happen when the management of the big funds are forced to dump categories. Tobacco, oil,
If a long term holder for divi they are giving us a great opportunity. Just reinvest the divis.