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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Diversified Energy Company Plc | LSE:DEC | London | Ordinary Share | GB00BQHP5P93 | ORD 20P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
8.00 | 0.90% | 900.50 | 900.50 | 902.50 | 912.00 | 895.00 | 897.50 | 111,706 | 12:57:05 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Crude Petroleum & Natural Gs | 1.92B | -625.41M | -12.9810 | -0.69 | 433.37M |
Date | Subject | Author | Discuss |
---|---|---|---|
20/7/2021 06:24 | Where did our CEO say that? Thnx... Presumably in the Proactive interview - must go and listen... (see lab305's Post No. 528 above) Yup - 3.57 into the 5min interview. Thnx again. | skyship | |
19/7/2021 22:21 | NATURAL GAS. 3.779 +0.105 +2.86% "Anything over 3 dollars Diversified makes a lot of money." Rusty Hutson five days ago. | lab305 | |
19/7/2021 20:10 | Added a few today, near the lows. The DOW finished down about 840. [edit: actual finish was -725] Choppy waters indeed. I would like to think a dividend of over 11% provided some downside protection, alongside with rising gas prices. We will see... | cassini | |
19/7/2021 11:47 | The company does provide alternative performance metrics at the end of its annual presentation which appear to reflect a truer position without the hedging distortions. | scrwal | |
19/7/2021 10:55 | NATURAL GAS. 3.730 +0.056 +1.52% | lab305 | |
19/7/2021 06:13 | The simple point about DEC is that last year during Covid very little changed for DEC, it continued with its business model and continued to pay the same dividend as was expected. I have spent some time getting to understand the accounts and am comfortable with the business strategy. | johnhemming | |
18/7/2021 22:03 | alotto, DEC has a somewhat unusual business model which someone once described as half finance company, half energy company. It hedges its sales well forward. Rumour has it it trades its hedges as and when necessary as well. The company in its presentations explains that it does this because it wants to make sure any loan it takes out will be paid off and not be a captive to events. This apparently leads to a balance sheet that doesn't look very encouraging on the face of it as (as I understand it) if you hedge the gas price going forward it looks like a paper loss if gas rises. I'll be honest, I don't really understand their accounts but they have some stated aims which about how much they'll take out in loans, how much they try to pay as a dividend (minimum) and various other metrics which on the face of it seem sound. I'm in good company though, even analysts find it hard to figure out DEC's accounts. As Gary1966 said, the best metric for DEC seems to be cashflow. The latest DEC presentation is linked to in the header, go and have a look if you like. PS: DEC is not an explorer or driller. They buy existing legacy gas wells at end of life, apply their techniques to screw as much out of the wells as possible then cap and cover them eventually. As such, it is a more predictable business than these small oil explorer companies. | cassini | |
18/7/2021 20:54 | Anyone concerned about the quick ratio well below 1, would that make the balance sheet considerably unstable or am I missing something? Are the dividends safe and is the company safe from filing for insolvency? I apology if this can sound extreme to some. Thank you | alotto | |
18/7/2021 11:44 | 11%+ yield now! | bountyhunter | |
16/7/2021 19:36 | Not at this price. | senn1 | |
16/7/2021 15:28 | There is also an argument to cherry pick things rather than to go all out for expansion. With Oaktree, the spare equity from recent transactions and the FCF they have quite a bit of leeway. In any event I am also happy to stick with the stock and get the dividend. | johnhemming | |
16/7/2021 14:58 | From the placing RNS on 20/5: The Acquisitions and Proposed Fundraising are expected to leave the Company with an estimated Net Debt to 2020 Adjusted EBITDA multiple of 1.8x. Illustratively, based on these metrics, the Company could potentially assume a further $335 million in potential debt capacity whilst remaining at or below a Net Debt to Adjusted EBITDA of 2.3x, on the basis the $335 million was used to acquire assets at a purchase price multiple of 3.5x. The ability to support additional non-equity financing allows the Company to pursue additional acquisition opportunities and deliver further value for investors. So $335m available at this point. Oaktree now paying $58m for Indigo and Tanos cost $118m and so $275m still available at that point excluding the extra debt that can be raised as a result of the Tanos acquisition less that lost by sharing Indigo. Plenty of room for more sizeable acquisitions and any new acquisition is self perpetuating with regards to debt available. You then have to factor in what Rusty said on the proactive interview that they are already reducing costs on the acquired assets and improving production which will increase EBITDA further. Current hedging prices for 2022 are $3.13, does he just happen to know this figure or has the company been taking out some hedging contracts lately? He also said over $3 and DEC are generating a lot of cash. He seems to be reinforcing the fact that there are a lot of assets out there at good prices and as the new consolidator on the block hopefully they can cherry pick the best of them. As I said very overweight and added a few more today at 100.6p but very relaxed about this one and very happy to take the substantial dividend in the meantime. | gary1966 | |
16/7/2021 14:07 | Oaktree have been on board since last October. To unlock the whole of the $1bn funding available there has to be further share issues and it's that which is probably holding back the price and may well continue to do so until October 2023 when the agreement expires. | scrwal | |
16/7/2021 12:47 | They won't dilute now Oaktree are on board any more will be at 1.40 + imho | senn1 | |
16/7/2021 10:55 | Looking at the pro active interview, if we go to a 2-3 billion dollar value, market is expecting further dilution hence the weak share price Given the accretive value of the Bolt-ons if they keep the divi capped at 4c per quarter this would additional FCF could be used for further acquisitions and reduce the need for further dilution. It will be interesting in the next update on how the company is benefiting on the higher gas price. GLA | simplemilltownboy | |
16/7/2021 07:40 | Sky - jup - it will probably bounce around the round number of 100 p for a few days first. I am waiting before further buying. Most stocks atm are "weak" imho. I am exiting small caps (not fully self financing) as it is very hard to sell them if SHTF and am going for stocks like DEC and similar. | kaos3 | |
16/7/2021 07:36 | Didya, huh? | fardels bear | |
16/7/2021 07:34 | Made a small top-up; though still eyeing that 95p support: free stock charts from uk.advfn.com | skyship | |
15/7/2021 23:10 | The equation is even more complicated and uncertain than stated. Who knows how SIPPs and ISAs will be taxed by the time you retire and are drawing upon them? and if you should die before that happy day, SIPPs are more tax efficient (as matters stand now) for IHT purposes than ISAs. Being a simple fellow, with only a very cloudy crystal ball, I reckon there is a lot to be said for accumulating with the minimum of tax deducted. | 1knocker | |
15/7/2021 21:40 | Many thanks Cassini - I think I understand, but it's complicated depending, as you say, on individual circumstances. Of course, the more important question is whether DEC is a buy now! :-) | boystown | |
15/7/2021 21:08 | It is: September 15th. | cassini |
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