Diversified Energy Share Discussion Threads

[leoneobull] 19/12/2023 07:05

Interesting they have stepped up buybacks from c.a.10000 to 40000. To impress the Yanks?

[pogue] 18/12/2023 21:31

Early days cant see people queuing up to buy first day need to spread the word get out and press the flesh, bend the ears etc it will take time but its on the right exchange now.

[johnhemming] 18/12/2023 20:00

Incidentally I think the reason for the shorting is the expectation of a placement. If you study the EDGAR records you find there was a plan for a placement, but because this was holding the share price down they moved to simply a listing.

[yaesu] 18/12/2023 19:49

So, if the present 5% rise on the NYSE is maintained to market close, will that be reflected on the LSE at opening tomorrow ?

[bluemango] 18/12/2023 19:48

Oakbloke response. Apologies if already posted, haven't caught up on all posts yet today.

[johnhemming] 18/12/2023 19:42

I thought I would look up what third parties say it costs to plug a well.



Which includes:

>The median cost of plugging a well without restoring the surface is about $20,000.

Obviously this is a big issue, but it looks like Diversified's figures are in the right ballpark. In the end they are currently plugging around 200 wells a year so they should know how much it costs.

[justiceforthemany] 18/12/2023 19:29

Short selling hedge funds funding the Democrats? & their 'green' lobby?
Anything is possible.

[justiceforthemany] 18/12/2023 18:53

Even the figures used for plugging costs are exactly the same as 2021.
News release at 1500 caused about a 1% drop in share price
LSE price is about a pound below NYSE stock.

[laurence llewelyn binliner] 18/12/2023 18:49

Sooner or later shorts need to be covered, and when it turns it will get very interesting, just sit back and watch as it plays out..

Adage have been short since October 2022 and reduced at the last count, TT int declared a position over 0.5% on 14.12.2023..

[oneillshaun] 18/12/2023 18:41

That's brutal this is going to fall tomorrow

[justiceforthemany] 18/12/2023 18:32

Over reaction it seems.
greygeorge on LSE clearly has a short position here IMO.
The 2 hedge funds shorting this - Adage and TT International - knew this was coming today IMO & if they did then how is that not insider trading? Has been keeping the share price suppressed.

[elpirata] 18/12/2023 18:27

you can download the democrats letter from here where its basically a copy & paste job from the 16 June '23 3rd amended class action document including citing the same sources. Smoke & mirrors!

[2wild] 18/12/2023 18:02

Wow, 13 trades om NYSE already

[laurence llewelyn binliner] 18/12/2023 17:49

Trundling along on NYSE trading day 1, share price up 5%, volume/liquidity..? well, early days but as it builds momentum and comes up on stock screeners for the yield it can only pick up from zero.. :o)

First milestone target USD20, then GBP20 (or 1 whole English Pound pre consolidation).

[bountyhunter] 18/12/2023 17:20

Hi Pro_

If you are reading this could you add the NYSE:DEC chart to the end of the header please?

See post #6660..

[lord gnome] 18/12/2023 17:13

The joys of a US listing!

[aleman] 18/12/2023 17:10

Does it mention the recent $5bn+ of federal funding and grants to operators to assist with well-capping, most of which is held up in state governments that often do not yet have the required infrastructure in place to disperse the federal money?

$4.7bn for orphaned wells on federal lands



[...]

$350m announced on Aug 30th to reduce emissions and close marginal wells on non-federal lands. Bids for this money now closed.

[justiceforthemany] 18/12/2023 16:58

2021 - State regulators said no laws had been broken.
Wells can produce for 50+ years
Trump and the Republicans almost certain to win next November IMO anyway.

[bountyhunter] 18/12/2023 16:44

Up 5% in NY.

From the above "Because Republicans hold the committee majority, the Democrats don’t have the power to issue subpoenas."

[elpirata] 18/12/2023 16:44

#6653

a rehash of this