Diversified Energy Share Discussion Threads

[keesp1966] 12/11/2023 16:15

What worries me most is the debt level compared to adj EBITDA for 2024 will be higher than 2,5x as EBITDA will be much lower in 2024 because of the decline rate and the lower hedge prices.
I suspect a divindend cut is coming up

[fluffchucker1] 11/11/2023 15:00

Well we have a good idea of the revenues from the recent RNS. I doubt that the costs have changed significantly and we also know the finance costs so there should be no great surprises. It should be steady as she goes with everyone now looking towards the end of the runway. Debt comes down significantly from the ABLs capital and interest repayments which should lead to stronger cash flow as liabilities fall faster than production is depleted. If we are heading for a gas shortage as LNG capacity increases by 50% DEC will be printing $$ over next few years.

[laurence llewelyn binliner] 10/11/2023 10:42

ESG award received, next trading update on 15th, XD 30.11.2023 and the next dividend raise/hold to be confirmed, catalysts for a rebound and return to 100 pence..?

The chart looks nasty, but it will bottom somewhere and a 20% yield makes a strong case for it..

[aleman] 09/11/2023 18:54

As well as the trading update next Wednesday, there is an ex-dividend on the 30th of November that amounts to roughly 3.5p, 3p or 2.5p (at current exchange rates), depending on your tax status for the dividend - so that's two possible reasons to entice buyers in the near future.

[aleman] 09/11/2023 18:25

Has our seller created a short-term downtrend that might be about to break?


free stock charts from uk.advfn.com

[fluffchucker1] 09/11/2023 18:23

hxxps://open.spotify.com/episode/3fqkWNrjO3KVZJeKxVDXIl

Listen from 18 mins. Seems like US heading for a major NG shortage within a couple of years

[cassini] 09/11/2023 18:15

If the dividend were halved you wouldn't get the current price of course...

I bought back in again today, in a small way.

From LSE, positive Cavendish research note out apparently, but you have to register (free) with 'Research Tree'. Target 150p!

[1knocker] 09/11/2023 17:54

I have a full (somewhat overweight) holding here following a top up I could not resist just below 68 a few weeks back, but if I was building a holding I would relish anything under 70 as a buying opportunity to seize with both hands. If the dividend were to halve I would still be getting a great return on capital invested at the current price.

[aleman] 09/11/2023 17:00

7.5m @ 68.0p just after 4pm? Prob a buy from 2pm that was delayed 2 hours?

[imnotspartacus] 09/11/2023 14:09

Bought a decent slug yesterday, let’s see.

[stevensupertrader] 09/11/2023 09:34

Anyone knows why DEC stops doing Buyback.
The last BB was 31 Oct.?
Dec at 66p /67p is a good BB price not earlier just last month DEC bought even at 74p , such a waste of Co cash

[laurence llewelyn binliner] 08/11/2023 18:22

#Aleman, that 6.79M UT does look interesting at 67.10 pence, then the 0.96M printed at 67.107 pence to finish, could well be our seller has now cleared, but will we see a TR1 next..?

[1knocker] 08/11/2023 17:10

assegai, company releases are always 'pleased' to announce. An an announcement f the imminent wnd of the world would be expressed in that for! Likewise change is always 'transformative', new acquisitions are 'exciting',and a rough patch is a 'challenging' period, which company is navigating successfully ...

[lord gnome] 08/11/2023 16:58

It's a bit of a monster. I wonder what lies behind it. Have we finally cleared our recent persistent seller? Roll on Friday.

[aleman] 08/11/2023 16:47

6.8m UT trade? Is that significant? It feels like it might be in view of the dip at the end.

[assagai] 08/11/2023 16:45

Traders/bad actors.

[cassini] 08/11/2023 16:27

The whole energy sector is getting a beating. Look at BP. Yes, I know oil is getting hammered. Also though, the stock markets have stalled after the biggest up week so far this year last week, which is another headwind.

I wouldn't read anything into that '...pleased to announce...' phrase in the last RNS. They've used that phraseology before, it's just pro-forma boilerplate.

If they changed the phraseology to something downbeat to subliminally reflect a bad upcoming statement they'd be guilty of telegraphing the gist of the statement.

I actually sold back out yet again late last Friday as the price totally ran out of momentum after my second, larger buy at ~71.6p (plus stamp).

I made a tiny loss on the whole sorry transaction, only saved by a small buy I'd made at 66.95p which had lowered my average.

Flip-flop...

Unfortunately it's decision time again next week: do I buy back in again before the announcement on the 15th? I really want to.

This trading DEC lark is just as stressy as holding DEC ;0)

[assagai] 08/11/2023 16:02

Why choose the wording in the last RNS "is pleased to announce" the forthcoming trading statement on the 15th. If the trading statement is anything but positive the company would be crucified for choosing to say "pleased".
Why on earth did DEC open a further 1.5+% down this morning. No reason, no trades to take it there.
The share price is clearly being manipulated by bad actors working together and they will reverse this at some stage prior to the 15th.
All messages/signals put out recently have been positive. Are they blatantly lying? Idoubt it.....

[wllmherk] 08/11/2023 14:11

Only a month ago they released a statement saying they knew of no reason for the share price decline, sorely tempted to buy some for the ISA, but, I already own more than I'm comfortable with. If these recover in the coming months I'll be kicking myself, either that or I'll be patting myself on the back for missing a landmine, oh for a crystal ball.

wllm :)

[oneillshaun] 08/11/2023 13:41

For better or worse I averaged down today if the stays as is then happy days.

[bluemango] 08/11/2023 13:11

#6110 No, the logical stance is that one of two things are wrong here - either there is 'something wrong' OR the market has got it wrong. You can't simply come down in one side without countenancing the possibility of the other.

[davidosh] 08/11/2023 12:16

Paying 21% dividend and at an all time low share price there has to be something wrong or bad news expected here.

Why are the company not telling the story to the huge number of investors/fund managers that attend the Mello conference so buyers can get the valuation more sensible?



We have invited the company

[11_percent] 08/11/2023 09:28

Indeed.....if they increase or keep the divi the same......then people will be grabbing these for a 21% divi.