Diversified Energy Share Discussion Threads

[gary1966] 10/1/2024 17:18

IG are very good indeed. £24 per quarter charges but any dealing charges are offset. Dividend payments have become much more timely. Nice platform with good tools. Provide Direct Market Access which has saved me a lot. Never had to pay SD on DEC trades. That playing field appears to have been levelled out now with the NYSE listing. £8 per trade but do three in a month and the following month is £3. I believe US shares are commission free but fact check that.

[cutandpolished61] 10/1/2024 16:48

Halifax is ignoring my W8BEN used for ISA. 15% + 15% deducted. Has someone had a better experience with IG?

[drradcliffe] 10/1/2024 16:11

@bluemango not just Tennyson. Cavendish and Dowgate have similar targets for it.

[sbb1x] 10/1/2024 16:08

Some right games going on. Up and down like a yo yo. Perfect for traders

[fordtin] 10/1/2024 15:34

Looks like those recent large trades may have put an end to the NYSE v LSE arbitrage;

LSE = £11.32 v NYSE = £11.42.

[bluemango] 10/1/2024 13:44

Coincidentally, that's the target in new Tennyson note just out. 3000p new target.

They also state the December Committee enquiry 'has no merit whatsoever'

[taffevans] 10/1/2024 13:40

Wake me up at 3,000.00p

[bluemango] 10/1/2024 12:31

The December Letter references a 2021 Bloomberg article alleging that our wells “may be leaking a substantial amount of methane.” This statement is not accurate and was based on a misinterpretation of reports related to 44 well site visits, which represent less than a fraction of a percent of our wells across Appalachia. As noted above, we have voluntarily conducted 246,000 emission detection surveys on our well sites and those surveys have determined that our current company-wide fugitive emission free rate in 2023 for our natural gas and oil wells is 97.75%, meaning that nearly all of our sites had no unintended emissions at the time of the survey. These positive results are a reflection of our proactive, stewardship business model. As a result of our expansive emission detection survey program, our use of industry-leading detection technologies and our operating practices focused on continually mitigating unintended emissions, the data is clear that the Bloomberg article does not accurately reflect true emissions performance from our asset.

[bluemango] 10/1/2024 12:15

RNS out. Response to the Committee.



"hTTps://www.rns-pdf.londonstockexchange.com/rns/1838Z_1-2024-1-10.pdf"

[garycook] 10/1/2024 07:38

bluemango, Correct good memory. I think you are right. Something to do with the HL system I was told by a Oliver Nevin. HL have not yet replied to my secure message of 02/01/2024,and again yesterday.

[huckers] 10/1/2024 07:37

I also hold DEC within an HL SIPP. 0% tax with a W8BEN. And 15% tax in the ISA or outside an ISA.

[sr999] 10/1/2024 06:39

Mine is in an ISA and has 15% deducted. I filled out a W8BEN form otherwise I would have had 30% deducted.I still find it strange as the shares I own are listed on LSE.

[bluemango] 10/1/2024 00:20

Mine's in a HL SIPP and they correctly deduct zero tax, so all ok. From memory, aren't you a non UK resident Gary? Not sure on the rules in that situation but if so, it might have something to do with how they're treating it in your case.

[garycook] 09/1/2024 23:56

Any DEC investor have a HL SIPP.I am being stopped 30% WHT, but after complaining I am getting it refunded Ex-Gratia payment into my SIPP account. This as happened the last 5 Quarters. Does anyone holding DEC in a HL SIPP have the same problem ?

[leoneobull] 09/1/2024 22:01

Henry Hub looking good on futures https://www.cmegroup.com/markets/energy/natural-gas/natural-gas.html#venue=globex

[sbb1x] 09/1/2024 19:49

Gas up 8.4 percent

[aleman] 09/1/2024 15:59

EU gas storage is 87%. That's about 17% above normal/mid-range and they only drew down about 40% last year. Capacity has been expanding, too, so 87% might even be a record in absolute terms. Don't expect demand from Europe to drive prices up. European demand could drop off a cliff in Spring if there is no sustained extreme cold. (US forecasts are leaning to cold next week but it does not look sustained at the moment and it's probably already in the price.)

DEC is protected by healthy levels of forward selling that will generate good cash for a few years. Prices out to 2 and 3 years have been drifting down but are still well above 2021 levels and well above $3 where Rusty said DEC make lots of cash. DEC will still be selling 80% of production forward into these prices. A low current gas price might well be beneficial to DEC if it means they can buy up some smaller operators that maybe don't have the same degree of protection from falling prices, don't want to deal with the environmental regulation burden that DEC seem to be embracing with relish, and don't want the hassle of paperwork to apply for federal subsidies to address leakage and capping. Strongish long futures and lowish spot prices might be best for DEC's long term share price. Discuss ...

[tsmith2] 09/1/2024 15:40

Expecting response tomorrow

[mondex] 09/1/2024 15:20

US gas production high despite glut, low prices

The US natural gas industry faces a challenging outlook for 2024 as a warm winter and high storage levels have pushed prices below $3 per million British thermal units, with sub-$2 prices possible unless the surplus inventory is reduced. Nevertheless, US gas drillers are keeping production high in anticipation of the upcoming surge in demand from new liquefied natural gas terminals.
Full Story: Hart Energy

[bountyhunter] 09/1/2024 15:09

An uninspiring start to trading in NY today.
16:30 GMT when the LSE closes seems to be the time after which NY:DEC often moves.

[justiceforthemany] 09/1/2024 14:41

Natural gas price soaring
+6% today alone

[laurence llewelyn binliner] 09/1/2024 14:41

#fordtin, I think it would yes, each subsidiary fund is often a separate company entity so a paperwork exercise would need to go through the exchange..?

[fordtin] 09/1/2024 14:25

Hi LLB, would an internal accounting exercise need double handling?

[laurence llewelyn binliner] 09/1/2024 13:59

#Fordtin, could be a II re-allocating between their own funds too, sell and buy the same number (397,589 shares) back again..?

OnG starting to climb now as tensions ratchet up in the red sea as well as the gulf for shipping..