Diversified Energy Share Discussion Threads

[aleman] 02/1/2024 20:57

Jumped a bit less than $1 in the last 40 mins in New York, to around £12.80 equivalent.

[bountyhunter] 02/1/2024 20:18

Up nicely in NY trading since the LSE close.

[renewed1] 02/1/2024 19:19

I hope you are right salty...the divi maintained is crucial.
Todays announcement should save the divi for the rest of the year.

[laurence llewelyn binliner] 02/1/2024 18:43

Shorts will have to cough for the next dividend after XD 29.02.2024 or close before..

Fair point on the risk of an extra cough for a special too given our new cash injection, that is also now there to consider (although an unlikely event IMO)..

Shares in issue at 29.12.2023 - 47,923,726
TT international asset management 14.12.2023 short 0.61% - (292,334 shares to cover off)

Getting more expensive by the day... :o)

[saltaire111] 02/1/2024 18:03

I can’t see a reason for the company to cut the dividend. The actual performance of the company is good, it’s only the potential risk associated with the methane leaks that’s the issue. But their last report suggested it was only a very small minority of wells that were leaking.

I don’t think they’ll cut the dividend, and that means the share price must recover some of the lost ground.

Anyone with a different view on this?

Salty.

[tonytyke2] 02/1/2024 18:01

Could it be also that the 'creative' transaction today is not something the shorters had factored into their thinking, re the way DEC raised the monies? Then along with the dividend hurdles, could one or two shorters be thinking twice now?

[kaos3] 02/1/2024 17:22

One can go short stock with all kind of paper to make profit. Ok it is not real short.

My question is - are there any options or other derivatives publicly traded on DEC?

[bountyhunter] 02/1/2024 17:07

Low volume in New York so far today..

[fordtin] 02/1/2024 16:30

1knocker - it might give short sellers a bit of a surprise if they used a part of the proceeds from the sale to fund a $1 per share special dividend!

[1knocker] 02/1/2024 16:13

I would want to be damn confident that a stock paying well over 20%pa dividend, quarterly, was going to cut that dividend before I shorted it. A pretty tight window to make a profit on the short without being hit for a big dividend liability.

I should have thought there were many more attractive shorting candidates than DEC.

[tsmith2] 02/1/2024 15:34

still slow imo

[johnhemming] 02/1/2024 15:23

The shorters had good reason to think that DEC needed to raise some working capital. As a minimum the US placing paperwork said this. Now they don't.

[bluemango] 02/1/2024 15:03

Shorters have just over 8 weeks to close, or have to cough up the next dividend amount - currently around 23% annualised.

[imnotspartacus] 02/1/2024 14:58

Same here, looking really good.

[this_is_me] 02/1/2024 14:48

Bought some more.

[1knocker] 02/1/2024 12:58

I have no idea whether the sale of assets was a good move, but
1. I like to see management which has its eyes open for selling as well as buying opportunities, and
2. I just 'lurve' to see debt repayments.

DEC seems to me to be very much a company where we place all our faith in the management. If you don't trust the management, this is certainly not a stock to hold. Fingers and toes crossed, I do.

[yaesu] 02/1/2024 11:36

ii seem to have credited the DEC divs to my trading account but they are not available for currency conversion or withdrawal. They are very irritating !

[1knocker] 02/1/2024 10:16

A welcome start to 2024 with the arrival of my dividend (HL) and a tick up in the share price as well.

[sbb1x] 02/1/2024 08:39

How much was debt reduction divided between shares in issue...

[taffevans] 02/1/2024 08:22

Sooooo undervalued GLA

[carcosa] 02/1/2024 08:21

Thanks johnhemming & fordtin. Makes sense.

[bountyhunter] 02/1/2024 08:19

Good news today on debt reduction.

[tsmith2] 02/1/2024 08:18

market a bit slow on the uptick nearly doors

[croasdalelfc] 02/1/2024 08:09

What is the debt now? After 12% paid off .$700m ?