Diversified Energy Share Discussion Threads

[alotto] 22/7/2021 07:25

Has Black Rock reduced their holding slightly?

[cassini] 21/7/2021 23:36

Presumably there was some incentive, I'm unaware of what it was though ;0)

[johnhemming] 21/7/2021 20:06

>Why it was listed on the LSE in the first place is the mystery to me...

I think because Rusty is quite bright.

[cassini] 21/7/2021 18:42

Expanding Kaos' point slightly, as far as I've picked up on this thread, it is listed on the LSE but tax domiciled in the USA. It does all its business in the USA.

Why it was listed on the LSE in the first place is the mystery to me...

It leads to confusion with Stamp duty as well which some brokers charge but others don't.

[kaos3] 21/7/2021 18:09

apollo - like as the private person - tax domicile has nothing to do with the passport

[apollocreed1] 21/7/2021 18:03

If you haven't filled in a W8-BEN form with your broker, do you get double taxed? .i.e 30% rather than 15%?

Does anyone know why the structure is so bizarre as to be listed in the UK but dividends are paid in USD and considered to be from the US? The yield in such a case is only 7-8.5%.

[johnhemming] 21/7/2021 11:24

I see Oaktree as on the route to a USD 2-3bn market capitalisation without silly dilution at price below GBP1.3. However, in the mean time there is, of course, a dividend.

I use this for commodity prices:

[brucie5] 21/7/2021 10:59

alotto, lots of discussion already on this thread about the tax situation. Unless you hold in a SIPP, the withholding tax will cost you 15%.

[alotto] 21/7/2021 10:29

How much is the taxation on the dividends? I had shares in DGOC a while back (bought below 80!!) but I can't recall how the taxation worked out

[brucie5] 21/7/2021 09:47

Taken the plunge to double down on these. By my reckoning about 10% divi after the withholding tax.

[gary1966] 21/7/2021 09:40

There has actually been three deals done but one hasn't completed yet. I am not aware of any deal that has failed to complete and so should just be a formality.

[senn1] 21/7/2021 07:51

There has been 2 deals done this year

What do you think there will be one every month clueless some on here.

Let the deals bed in, and also last one is backdated to Jan when completed mid August.

[senn1] 21/7/2021 07:49

There has been 2 deals done this year

What do you think there will be one every month clueless some on here.

Let the deals bed in, and also last one is backdated to Jan when completed mid August.

[lord gnome] 21/7/2021 07:13

So Oaktree could be paid in shares if DEC is struggling to raise the cash for its share of any deal? Sounds like a recipe for shorting if ever there was one.

[johnhemming] 21/7/2021 06:28

I support the hedging because it is best to be protected against the downside even if that limits the upside. However, even with Henry Hub close to USD4 quite a bit of this year's production is hedged. However, the price movements enable the company to hedge future production at a higher rate.

I have not checked, but I read quite a bit about the Oaktree deal and if I remember rightly there remains a possibility that the Oaktree deal switches to be all the production owned by DEC for an issue of shares to Oaktree. That would be a form of placing which would move up the market cap. However, the company would not want to do this at this low price.

[bountyhunter] 20/7/2021 22:29

Good point, hadn't thought of that but can certainly be the case this time of year.

[senn1] 20/7/2021 21:35

A lot of this drift is summer lull same each year lowvolumes ate manipulated easily also. I see a reversal near 1.20 before end of August imho.

This has £2 stamped on it for the patient.

[bountyhunter] 20/7/2021 21:22

Anyone would think we are buying gas not selling it! How high does the gas price have to go before the DEC share price rises from the doldrums?!
(I know a proportion of production is hedged but not all of it and any new hedges can now be negotiated at higher prices.)
2021 90% hedged
2022 H1 65% hedged

[cassini] 20/7/2021 21:17

DEC want to become a $2-3bln company, the only way to do that seems to be more big acquisitions and perhaps more 16%(?) dilutions at some point (the largest amount allowed without calling an EGM to vote on the placing IIRC).

Our best bet is that DEC take note of the share price and don't try anything like that at this price level.

That's why (everything else being equal) it's necessary to take advantage of this price dip to add other wise we could find the price effectively capped around $1.20? until this buying spree has achieved its goals.

[lab305] 20/7/2021 20:45

NATURAL GAS 3.889 +2.91%

Crikey, with gas prices rocketing the shares will soon be worth nothing !

[cassini] 20/7/2021 17:59

spittingbarrel,

You've just summed up the whole situation in that one line ;0)

[spittingbarrel] 20/7/2021 14:42

Well I've bought in, either someone knows something or theses are as cheap as chips.

[skyship] 20/7/2021 14:10

And still she slides - offered at 97.7p - Yield now at 12%.


free stock charts from uk.advfn.com

[gary1966] 20/7/2021 13:27

£/$ moving nicely in the right direction as well.