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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 | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1,290.00 | 1,294.00 | 1,295.00 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Crude Petroleum & Natural Gs | 868.26M | 758.02M | 15.9479 | 0.81 | 613.15M |
Date | Subject | Author | Discuss |
---|---|---|---|
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 ? | yaesu | |
18/12/2023 19:48 | Oakbloke response. Apologies if already posted, haven't caught up on all posts yet today. | bluemango | |
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. | johnhemming | |
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. | justiceforthemany | |
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.. | laurence llewelyn binliner | |
18/12/2023 18:41 | That's brutal this is going to fall tomorrow | oneillshaun | |
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. | justiceforthemany | |
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! | elpirata | |
18/12/2023 18:02 | Wow, 13 trades om NYSE already | 2wild | |
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). | laurence llewelyn binliner | |
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.. | bountyhunter | |
18/12/2023 17:13 | The joys of a US listing! | lord gnome | |
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. | aleman | |
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. | justiceforthemany | |
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." | bountyhunter | |
18/12/2023 16:44 | #6653 a rehash of this | elpirata | |
18/12/2023 16:44 | Full Bloomberg article: Bloomberg) -- House Democrats opened an inquiry into Diversified Energy Co., the largest owner of US oil and gas wells, warning that the company’s unusual business model poses risks to taxpayers and the global climate. On Monday, members of the House Energy and Commerce Committee led by New Jersey Democrat Frank Pallone sent a nine-page letter to Diversified Chief Executive Officer Rusty Hutson Jr. requesting documents and information about the company’s methane emissions and business practices. Read the full text of the House committee letter here Diversified specializes in buying old, minimally productive wells and keeping them in operation as long as possible. In the letter, the Democrats said Diversified eventually might walk away from thousands of wells, leaving billions of dollars of cleanup costs to state governments in Pennsylvania, West Virginia, Ohio and Kentucky. Old wells are also prone to leak methane, the main component in natural gas and a powerful contributor to climate change. “Diversified Energy’s strategy of leaving thousands of marginal wells unplugged for decades and potentially underestimating future cleanup costs could undermine important efforts to fight climate change,” the members wrote. Because Republicans hold the committee majority, the Democrats don’t have the power to issue subpoenas. A Diversified representative had no immediate comment on the letter. In a report earlier this year, Hutson wrote that Diversified has made “ambitious environmental commitments, transparent reporting and demonstrable progress against our stated targets and goals” and that its plans for measuring and controlling emissions were recently recognized by the United Nations’ Oil & Gas Methane Partnership 2.0. Diversified has also published projections showing it has ample ability to plug its old wells. The letter cites a 2021 Bloomberg Green investigation into the environmental risks of Diversified’s business model, as well as subsequent reports by the Ohio River Valley Institute, an Appalachia-focused organization. Diversified owns about 65,000 wells from Pennsylvania to Texas, far more than any other US company. According to a report commissioned by the Clean Air Task Force based on Environmental Protection Agency estimates, it was the fourth-largest methane emitter among oil and gas producers in 2022, despite being only the 22nd-biggest gas producer. The company is based in Birmingham, Alabama, and shares trade on both the London and New York stock exchanges. | tag57 | |
18/12/2023 16:38 | NYSE:DEC has arrived on Yahoo Finance. | mattybuoy | |
18/12/2023 16:34 | Gosh what a coincidence, just when DEC starts trading on the NYSE! Looking at the document its the same old same old... The letter cites a 2021 Bloomberg Green investigation into the environmental risks of Diversified’s business model, as well as subsequent reports by the Ohio River Valley Institute, an Appalachia-focused organization. | elpirata | |
18/12/2023 16:28 | House Democrats opened an inquiry into Diversified Energy Co., the largest owner of US oil and gas wells, warning that the company’s unusual business model poses risks to taxpayers and the global climate. Just saw this on Bloomberg | parknas |
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