Diversified Energy Share Discussion Threads

[2wild] 26/12/2023 22:43

Over USD 500,000 in DEC traded today. Not too bad for one of the slowest days of the year for NYSE.

[justiceforthemany] 26/12/2023 22:15

The way the LSE works, it's rogue nature & the inactivity of the FCA you're clutching at straws re: shorters and their closing frenzy....financial sector has always been highly corrupt.

[bountyhunter] 26/12/2023 21:56

Now it's showing +6.09% again which is a bit odd.
$15.34 close. Yes £12.06 or thereabouts.

[bluemango] 26/12/2023 21:54

Closed today on NYSE at 1205 sterling equivalent.

[bluemango] 26/12/2023 21:48

Closed today on NYSE at 1205 sterling equivalent.

[bountyhunter] 26/12/2023 21:42

I think that the prices we have been looking at must have been somewhat delayed as the NY close appears to be +9.49% :-)

[2wild] 26/12/2023 21:30

Up 18% from this month's low point.

[bountyhunter] 26/12/2023 21:25

Let's see what the shorters pull out of the bag tomorrow, if anything. If nothing there could be a closing frenzy 🙂

[justiceforthemany] 26/12/2023 21:15

Heavy volume.
Closed up 6%.
Huge discrepancy vs LSE price yet again. So what's the excuse this time?

[imnotspartacus] 26/12/2023 20:36

I stand corrected 😃

[imnotspartacus] 26/12/2023 19:47

Oops make that 5.46%, yeehaa ride’em cowboy!

[imnotspartacus] 26/12/2023 19:44

It’s up almost 4% in the states today!

[bountyhunter] 26/12/2023 18:08

You can subscribe for the newsletter here:

[justiceforthemany] 26/12/2023 16:38

Anyone have a link to oakblokes site?

[bountyhunter] 26/12/2023 15:48

To keep an eye on the action on the NYSE.

[bountyhunter] 26/12/2023 15:38

So far so good in the US, heading in the right direction!

[tonytyke2] 26/12/2023 15:27

Up more than 2% in the US to date.

[bountyhunter] 26/12/2023 13:28

NYSE:DEC trading to keep an eye on...



"The day after Christmas is normally one of moderate festive cheer for the U.S. stock market, with the S&P 500 gaining 0.3% on average, going back to 1928, according to Dow Jones Market Data."

[bountyhunter] 26/12/2023 13:26

Good point, is the US market open at 14:30 GMT as usual?

[2wild] 26/12/2023 12:53

It will be interesting to see how NYSE:DEC performs without UK market being open today.

[renewed1] 26/12/2023 10:32

Rusty should be hiring him to do a lecture tour in the US!!

[pogue] 25/12/2023 13:41

Oak Bloke's choices for 2024 came in an email today. His standout choice is DEC, his reasoning below,
I recommend looking for him in Substack his views are there and he said he may update them later, there are 10 companies recommended in total. Right back to the drinking.

Diversified Energy DEC probably needs no introduction to my readers. Being able to recommend this at sub £11 and 26% yield is a dream opportunity at the end of 2023. A stock picker’s fish in the barrel. Reader, I make no (fish) bones - this is my number 1 idea. As readers will know, I’ve scoured the accounts for and found hidden value in its undeveloped acreage in DEC-ember burn, I’ve analysed the current political methane probe, then dug deeper still, and satisfied myself it’s vexatious, I’ve run due diligence on its Asset Retirement Obligation, I’ve considered the current and future price of gas, I’ve considered buy backs and the impact, I’ve considered the sustainability of its dividend, I’ve considered read across valuations to peers like EQT and tackled the myths that seem to hold DEC back - the myth that it is “running out of resources”, and also explained the rather complicated hedging and how IFRS9 affects the accounts. In my opinion this is a (very, very) high yield defensive play for 2024.