Diversified Energy Share Discussion Threads

[bountyhunter] 20/12/2023 17:22

Yes the US bounced bang on the London close, at 16:30..

[bluemango] 20/12/2023 17:20

Promise I won't keep a running commentary on this, but current US price is around 1212 sterling equivalent.

Close in UK was 1082.50 but US bounced after this.

[hghotshot] 20/12/2023 17:02

The timing of the TT International short (on December 14) and the Congress letter to DEC (on December 18) may just be a coincidence. Or maybe not?

[catabrit] 20/12/2023 16:51

I am a holder so bear that in mind when I state this but rather than chastise the shorters we would all be better off using our collective brain power to think why they would go short on something that must be extremely expensive to borrow considering the high dividend yield. They must have a lot of conviction in the thesis. And that is worth reflecting on.

[bountyhunter] 20/12/2023 16:35

It's the shorters that are the greedy ones.

[justiceforthemany] 20/12/2023 16:25

There's still a >5% discrepancy

[stevensupertrader] 20/12/2023 16:01

Greedy investors

[stevensupertrader] 20/12/2023 16:00

Did you make a ‘bomb’ ? 😂 at the expense of other Freddy investors (I suppose!)

[apollocreed1] 20/12/2023 15:57

The difference between the us and UK DEC price is now only 3.8%. it was 18% yesterday so most of the gap has closed and I'm closing my short US position

[stevensupertrader] 20/12/2023 15:32

DEC NYSE. is. $14 fallen back over $2 from yesterday closing price reflecting almost the correct pricing of DEC. LSE

[swanvesta] 20/12/2023 14:45

I think it's a false price on the NYSE. There's plenty of stock to borrow to short but I don't seem able to close a trade on the bid.

[hericsaba] 20/12/2023 14:45

The yield is true, but just have a quick look at the one year share price chart and it will explain why this isn't s no brainer...

[scubadiverr] 20/12/2023 14:33

It's correct, if they continue at current rates, which the business is setup to do. Be aware that there's 30% US withholding tax to come out that yield though. You may be able to reduce that to 15% with the completion of a w8ben form but that depends on your broker

[scubadiverr] 20/12/2023 14:19

You should be pleased you can buy it for cheaper!

[dlp6666] 20/12/2023 14:19

Sorry for the naïve query here, but the yield on the HL platform is showing as c.24%?

Can that be true, or am I missing something big?

[justiceforthemany] 20/12/2023 14:14

FCA individuals we spoke with agreed the large discrepancy in price was unusual....
Both hedge funds shorting this - Adage and TT - reported also.

[justiceforthemany] 20/12/2023 14:05

London Stock Exhange number
020 797 1000
Leave a voicemail about DEC if no answer.

[justiceforthemany] 20/12/2023 14:04

Takes 2 minutes to complete.
Mention the 20% discrepancy between th3 US NYSE price and the short position opened by TT 2 days before the Democrat inquiry.

[skinny] 20/12/2023 13:55

Aleman - I sometimes wonder if its a bot as it happens so quickly.

[aleman] 20/12/2023 13:52

That down-ticker is quick on the trigger. It must have been done in the 15-30 seconds it took to do an edit.

[aleman] 20/12/2023 13:47

Catabrit
20 Dec '23 - 12:46 - 6847 of 6852

Market is assuming lower inflation and lower rates and yet our 22% odd yield is now 25%. They’ve done the US listing. They’re doing a small amount of buybacks. And yet down we go. Kinda struggling to see what the catalyst is to get the shares up?

I'm curious what our new and potential American investors will make of a company with a market cap of $700m reporting a profit of pushing $1bn in 13 weeks, if gas prices hang around where they are currently until the end if the month. Would some buy the shares and then learn about how the derivatives are accounted for? (Of course, the news would leak out in advance and the shares would fall on the day ...)

I'm saying this only half-joking!

[bountyhunter] 20/12/2023 13:44

Lol. Ignore that one for now it's rather depressing and watch this one instead :-)