Diversified Energy Share Discussion Threads

[1knocker] 15/11/2023 13:02

Feeling pleased with yesterday's 95.93 top up today, but not counting chickens yet. The big day is dividend declaration date at the end of the month. If the divi is maintained or increased, we can all breath a little easier.

[lord gnome] 15/11/2023 13:01

Hi cfro. Here's my take. I haven't spoken to or met with any of the Directors, but having seen them perform on webinars they come across well. Measured and not at all showy. They seem to be masters of their brief.To my knowledge, the dividends have been a one-way trip north. Ongoing increasing and I have been thankful for that.The well leaks now seem to be a non-issue. The company went in hard to deal with the problem, employing new gas detection technology and dealing with any issues found. Hats off to them for that. They have also built up their own well plugging business to plug their own depleted wells and sell the services to third parties. Smart business.I understand the unease of some people, but so far the only thing I have a real issue with is the stock market itself and the share price.

[justiceforthemany] 15/11/2023 11:49

The Yanks are shorting every FTSE stock.

[justiceforthemany] 15/11/2023 11:48

This should be a lot higher today. Pathetic rise.
Adage capital and their shorts holding this down.

[fordtin] 15/11/2023 11:30

Aleman - as they say "Diversified is focused on adding hedges to 2025 and beyond", I took a look at the current 2025 rates.



2025
us$




 
 


Jan
4.498


Feb
4.411


Mar
4.055


Apr
3.695


May
3.687


Jun
3.811


Jul
3.938


Aug
3.974


Sep
3.952


Oct
4.032


Nov
4.374


Dec
4.799

[bluemango] 15/11/2023 10:49

A positive broker note from Tennyson Securities this morning. No target price, but says the shares 'offer exceptional value, in our view, on a FCF yield of 32% and dividend yield of 20%' (at 71p share price when note was published)

[laurence llewelyn binliner] 15/11/2023 10:02

Q1-2023 exit rate of 145 Mboepd | 872 MMcfepd
Q2-2023 exit rate of 144 Mboepd | 864 MMcfepd
Q3-2023 exit rate of 135.7 Mboepd 814 MMcfepd
Adjusted for maintenance and a -5.7% exit rate decline

2 more dividends in the bag .. :o)

It looks like most of the 2024 hedge book is filled, 2025 is work in progress and HH are quoting 4.5 for Jan contracts, the new Nov presentation sets out the debt schedule page 33, debt free/cash positive 2031, 1.18BN to be repaid..

USD1.4/GBP1.14 minimum to come back in dividends over 8 years and the share is worth what it is worth in 2032 for free, if they keep buying up new assets even after decline rates that will be a lot more than zero..?

[fordtin] 15/11/2023 09:51

Exactly. I wonder how many bothered to read as far down as this bit;

" Results of Hedging and Current Financial Derivatives Portfolio

Diversified's use of hedges to leverage stable production for consistent cash generation is reflected in the Company's 3Q23 average realised price of $3.46/Mcf, 35% higher than the average settled price for NYMEX Henry Hub during the quarter(h) . Having proactively established its 2023 and a majority of its 2024 hedge portfolio, Diversified is focused on adding hedges to 2025 and beyond where forward natural gas prices remain strong. "

[owenski] 15/11/2023 09:13

Very nice income indeed, reassuring update, this is a well run financial asset model, it's a shame the market has fixated on the O&G element and missed what the business model is about - forward hedging of an asset base to produce known and predicted cash flows to reinvest in the asset base and produce returns for shareholders.

[aleman] 15/11/2023 09:12

:)



Aleman - 09 Nov 2023 - 18:25:08 - 6128 of 6172

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


free stock charts from uk.advfn.com

[11_percent] 15/11/2023 09:06

You would think so......but it is one hell of a down trend.


free stock charts from uk.advfn.com

[bluemango] 15/11/2023 09:02

1knocker, well done with your brave buy yesterday when everyone was still anxious

Fordtin makes a good point earlier, with two future dividends declared, anyone buying before 30th November gets both by end of March, close to 10% return (if buying in a SIPP) in just over four months, for just those two divs.

[bluemango] 15/11/2023 08:36

Excellent update, dividend maintained.

Extraordinary yield now at this price which surely must be past the lows now and should motor from here.

[11_percent] 15/11/2023 08:32

Looks ok......time to buy few for my SIPP.

Buying DEC shares in a SIP today will give ~10% back in dividends within 4½ months.

[bountyhunter] 15/11/2023 07:57

I can't see any problem with the results or dividends, surely this is way undervalued?

[fordtin] 15/11/2023 07:53

Buying DEC shares in an ISA today will return ~8.5% of the investment in dividends within 4½ months.

Buying DEC shares in a SIP today will give ~10% back in dividends within 4½ months.

[stevensupertrader] 15/11/2023 07:50

Ex div 30 Nov 2023 already declared few months back , therefore everyone knows this and even then share price falling . In this Q3 result , DEC just declares the next quarter div . Only .
I am taking my medicine alright !.

[mrbeaky] 15/11/2023 07:45

Next ex-dividend date is 30th November, then 29th Feb, what’s the issue?

[lord gnome] 15/11/2023 07:42

Yes Gary. DEC announces its dividends well ahead of time. We have one due to drop next month and the March one is already scheduled. I think stephen needs to read more carefully. I do hope that he's taking his medicine. He seems so nervous.

(Apologies for edit)

[gary1966] 15/11/2023 07:38

December and March dividend now declared, is that not two?

[lord gnome] 15/11/2023 07:36

Reading that update makes you wonder why we have had to endure so many angst ridden posts on this thread. Nervous holders gripped with fear, convinced that DEC was going to hell in a handcart.
Ho hum. The market will probably take it down again today, just to be bloody contrary.

[stevensupertrader] 15/11/2023 07:32

Why just declare only one quarter dividend and not 2 quarters which normally DEC declared ? A little concerned on this .
Debt still high $135m .

[holts] 15/11/2023 07:31

Maybe just a tap .