Diversified Energy Share Discussion Threads

[2wild] 22/12/2023 16:30

Yes. About 6.3% of the entire market cap being returned on Friday,

[aleman] 22/12/2023 16:23

So DEC sell most of their gas forward. Most production out to 2 to 3 years is hedged. Most new forward sales will mostly be in the 2.5 to 4 year range. If we look at the Feb 2027 contract, the price in 2020 was around $2.60. In 2021, the price was around $2.90. What does that contract sell at now? $4.75! Ok, that's a peak winter price. What about summer? The cheapest month of 2027 is the May contract with $3.17. Rusty said they make lots of cash above $3.00. There are no contracts outside of 2024 that are selling below $3.00 at the moment. Even with the 20% sold near spot price this year, that's been above $3 for more than 10% of the year. So maybe 82% of this years contracted sales would be above $3. (This is not the same as this year's revenue due to timing. And bear in mind DEC production tends to sell at a small discount to these Henry Hub prices.)

[topazfrenzy] 22/12/2023 11:53

Dividend payment on the 29th!

[scepticalinvestor] 22/12/2023 11:29

Its a no brainer - 54p in old money

[huckers] 22/12/2023 11:22

After reading all the posts on here and over at LSE as well as reading the Oak Bloke's blog, I've rediscovered my courage/conviction and added at this level (now the fall seems to have stabilised).

[scepticalinvestor] 22/12/2023 10:43

Interesting, why is this?

[leoneobull] 22/12/2023 09:55

HL no longer charges stamp duty on DEC

[petewy] 22/12/2023 09:30

shymi butt

[taffevans] 22/12/2023 08:34

Those investing now will make a rather lot of money me thinks GLA

[johnhemming] 22/12/2023 07:19

I think the ABS's operate on 85% hedging. I think the ABS funding is really quite clever.

[leoneobull] 22/12/2023 07:02

Another 15000 BB. What was strange was buying 2000 at 1275 just b4 the bell. Fat finger or deliberate manipulation by the broker?

[justiceforthemany] 22/12/2023 00:02

The median cost of plugging a well is about $20,000.
Consistent with DEC.

80% is hedged, so gas price does matter.

[scubadiverr] 21/12/2023 21:10

US closed at equivalent to £11.07

[scubadiverr] 21/12/2023 21:08

Isn't it all hedged so irrelevant?

[justiceforthemany] 21/12/2023 21:05

Natural Gas +5.5%

[lab305] 21/12/2023 19:23

Doug Chris ? Help him ! Don't make me laugh. I wouldn't pI$$ on him if he was on fire. I and a colleague had a very big investment here and he couldn't be bothered to answer questions on a number of occasions. On the couple he replied to he just answered with platitudes. The man is useless.

[cassini] 21/12/2023 19:03

Skinny,

Ditto. Or, as Caesar said 'Alea Iacta Est', the die is cast.

The shenanigans acting out around this share are hard to credit.

The consolation is the epic dividend - if that gets cut in the near future we'll end up circling the plughole rapidly...

[skinny] 21/12/2023 18:38

I've made my position quite clear - for me now nursing at +50% loss, its a case of holding, watching and waiting ?

[leoneobull] 21/12/2023 18:24

Yes provided word gets out. The key thing is to get analysts interested and recommending to clients

[imnotspartacus] 21/12/2023 17:04

A couple of decent trades went through at the close at a price of 1275p?

[justiceforthemany] 21/12/2023 16:55

Douglas Kris

Senior Vice President

Investor Relations & Corporate Communications

[e-mail]
[E-mail]

[essentialinvestor] 21/12/2023 16:52

If you click on the Environmental Impact tab

[johnhemming] 21/12/2023 16:50

loganair - the Democrat interest is entirely reasonable. However, Diversified put some real effort into climate change issues. They have already provided a lot of the answers to the questions being raised.

It is true that if companies lie investors have a problem. However, I see no evidence that what the company has said is not true.

There is shorting interest. That arises from the truth that there is a working capital impact of lower gas prices. Does that mean that there is going to be a placing in the near future. I have studied the issue in some detail (DYOR) and I don't think so.

I don't think the recent short was linked to the democrat letter. I think it is more linked to the end of the calendar year, but I don't know.

[aleman] 21/12/2023 16:45

There's over $5bn already being disbursed to lower gas emissions and cap wells but it seems to be having trouble finding its way to its targets. Perhaps the shouting at gas producers is to distract from where the public capping money is being held up or even getting lost? Or they might be using the publicity as leverage to get DEC's capping teams to lower prices for subcontracting on Federal Lands? Who knows? I'm sure it is full of dirty politics.