Diversified Energy Share Discussion Threads

[stevensupertrader] 19/12/2023 12:00

DEC looks like a falling knife , even lower than the IPO price and yield getting larger and larger as the hour went by . Too good to be true .
DEC currently very Tashy and juicy

[croasdalelfc] 19/12/2023 11:53

It's millions not thousands : 3 million wells drilled 100 years . DEC is an easy target as they own the most

[drk1] 19/12/2023 11:50

@apollocreed119 - agreed (that is why I posted the link). Also the remarkable timings of all three events happening simultaneously leaves me smelling a few rats! For the sake of shareholders though, I just hope that Rusty is penning a robust response as we speak, and/or we'll see director buys and buy-backs increased next day or so.

[topazfrenzy] 19/12/2023 11:46

The Biden administration is the worst in the history of that country ... so sad to watch this all unfold as the Arabs and others take control of the world's energy little by little

The senile fool has bankrupted the country with the excruciating debt he has amassed and continues to do so at an alarming rate

[1knocker] 19/12/2023 11:46

asp5, I am not inclined to place the faith in Republicans on the committee that you do. regrettably, when it comes to putting a spoke in the wheel of a small UK company doing well out of assets bought from US majors, we have no political friends in the USA.

Our business model would be ruined if DEC is required to ring fence (sterilise) huge amounts of capital to provide for future decommissioning costs.

[hghotshot] 19/12/2023 11:43

elpirata, that is exactly the point. DEC provides a hugely important service in maintaining and capping old wells. If DEC ceases to exist, someone else will have to do it. This does not appear to be widely understood.

[topazfrenzy] 19/12/2023 11:37

Bought back a few that I sold earlier ... this story is just a disgusting distraction to make some crooks some money

Anyway, let's see what NY brings this arvo

GLA

[johnhemming] 19/12/2023 11:37

>Why do you think it had a 20% yield?
I think the reason was that there were shorters who thought that there will be a placement soon and they can close out their shorts in the aftermath of that.

[apollocreed1] 19/12/2023 11:37

Just noticed this point from the Oakbloke's blog:

"The news article claims: “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”

What report??? Their website is www.CATF.US. Search for DEC - nothing. Diversified? Nothing. Search for keyword Methane. Surely….. Well - no 2022 report referring to EPA estimates. But there is a report from 2022 relating to the IEA not the EPA. But nothing to do with Diversified. A lot to do with the 99.9993% that isn’t DEC. So good to see they’ve got their Ducks in a row. I searched the EPA as per the links above. No clear case to answer there either. Hopefully the Democrats can prepare a more cohesive case than the journalists did today."

[elpirata] 19/12/2023 11:35

Fact is the States need & financially support DECs well capping operation, if Rusty decided to liquidate DEC & simply walk away from it who is left to remediate the thousands of end of life wells but the States & their taxpayers!

[spawny100] 19/12/2023 11:30

Surely the most environmentally friendly oil or gas well is the one that's milked right to the end of its life? Same as the most environmentally friendly car is the old banger with 200k+ miles on it not the brand new EV.

[kaos3] 19/12/2023 11:28

DEC is ok imho until it is made an example

for the need to change law and regulation

regarding the issue

then DEC is toast

and today one never knows for real

[elpirata] 19/12/2023 11:23

thats a fair summary asp5 & of course DEC's capping grants come courtesy of West Virginia State legislature and which are subject to State audit. As said earlier its just a rehash and copy & paste of the McEvoy suit. I expect a strong rebuttal rns but meanwhile its a trading opportunity as far as Im concerned & just bought another 1,000 thank you very much.

[hghotshot] 19/12/2023 11:22

asp5, excellent post. I firmly believe that DEC can demonstrate very solid green credentials and that DEC can present the company as the "Green Crusader", sent to save the planet, instead of being a threat to life on earth.

[scepticalinvestor] 19/12/2023 11:16

Topaz strikes me as a punter who panicked sold their position at the bottom and is now disgruntled that the share price has shot back up LOL

[stevensupertrader] 19/12/2023 11:08

Someone not long ago ( I think 2 weeks back) saying DEC paying 20% yield - in 5 years time , one would get back his/her investment . Today , no need to wait 5 years, just less than 3 1/2 years ., who knows tomorrow might even take less years.
Too good to be true , only the brave and those investors who are willing to lose all ( not many I guess ) 😊

[asp5] 19/12/2023 11:07

Having read the letter a couple of times, I do not see anything new that is being raised.

The main focus of concern seems to be on the "vast underestimation of cleanup costs" and how can DEC run wells more efficiently (with lower emissions) then the majors who they buy the wells from.

The fact that majors focus on drilling new wells to capture the first few years of high production before they move on to the next well and so dedicate minimal resource (capex & opex) to managing wells in steady state decline seems lost.

There seems to be no possibility that a company that only focuses on running steady state production highly efficiently and does not do any drilling can deliver better results.

Given DEC have audited the hell out of their operations for their reporting and in order to secure green financing, addressing the actual points logically & factually should not be an issue.

However this is clearly a politically driven move. I think Trump used the phrase "drill baby drill" or similar as regards oil/gas in recent rallies. Democrats do not have a majority on the committee so cannot subpoena DEC and elections are in November. This is just democrats virtue signalling in election year for their core vote as they could have written this letter 2 years ago, why now?

The good thing is once this final drama plays out then DEC will be the defacto stewardship king and the primary consolidator in the US market.

As for DEC now would be a fantastic time to use up excess liquidity to accelerate buy backs and increase NAV per share.

To acquire 10% stock at 12 GBP price would cost: 4,8M x 12 = 57,6M
They would save ~15M in dividends meaning a net cost of ~42M.

This would leave ~43M shares. Repeat every 6 months until the share price is back over 20 and/or this political mess is over.

DEC have the tools and firepower to deal with the situation. I have no doubt the mgmt will handle this very professionally.

[justiceforthemany] 19/12/2023 11:06

Tt International
Adage
Mr Pallone

[11_percent] 19/12/2023 11:03

Yup.....the scammers have certainly done a good job.

[farrugia] 19/12/2023 10:56

yes topaz go buy your bitcoin - its all gonna blow up big time in due course sadly :)