Diversified Energy Share Discussion Threads

[topazfrenzy] 15/1/2024 10:15

It's all insider trading at the end of the day .... and they get away with it every time

[topazfrenzy] 15/1/2024 10:15

Clearly some further news has been leaked regarding the US Congress enquiry

[croasdalelfc] 15/1/2024 10:08

These are orphaned wells were the relevant state oil and gas commissions pick up the tab ( paid from taxes of current operators) they have been abandoned for more than 12 months and ownership is disputed.DEC with its expertise could P&A them for much less imo

[gonsan] 15/1/2024 09:54

Well.. another buy order from me.. I’m up to my neck on DEC

[tsmith2] 15/1/2024 09:36

would love to be able to add at £10!

[imnotspartacus] 15/1/2024 09:26

According to the article Mr. Pallone has some potential conflicts regarding his wife selling energy stocks

[bountyhunter] 15/1/2024 09:19

Tree shake?
Possibly a good way for mm's ot iis to pick up shares to sell on the NYSE?

[kaos3] 15/1/2024 09:07

touching 10 gbp was to be expected imho.... hence i have some dry cash waiting

[bulltradept] 15/1/2024 08:37

Market's catching a few today...

[bountyhunter] 14/1/2024 14:47

"job creation reasons"!

[leoneobull] 14/1/2024 13:45

In their analysis of the 19,500 wells, the researchers found that:The median cost of plugging a well without restoring the surface is about $20,000.Plugging and reclaiming the surface around the well-which may be done for aesthetic, environmental, or job creation reasons-increases the median cost to $76,000.Each additional 1,000 feet of well depth increases costs by 20 percent.Costs of plugging wells goes up with the age of the well itself-Compared with wells that were more than 60 years old when decommissioned, wells aged 40 to 60 years old were 9 percent less expensive, and wells aged from 0 to 40 were roughly 20 percent less expensive to plug.Natural gas wells are 9 percent more expensive than oil wells to plug.Upon further analysis of almost 4,000 contracts, it appears that contracting plugging efforts in bulk pays off-each additional well per contract reduces decommissioning costs by 3 percent per well.The paper focuses on orphaned oil and gas wells in Kansas, Montana, New Mexico, Pennsylvania, and Texas.

[leoneobull] 14/1/2024 13:44

https://www.rff.org/news/press-releases/new-study-reveals-key-factors-for-estimating-costs-to-plug-abandoned-oil-and-gas-wells/Median plugging Costa 20ks usd.

[bountyhunter] 14/1/2024 13:09

Other than all may not take up the discounted subscription rights and as well as no dealing charges there's no spread.

[1knocker] 14/1/2024 13:06

There are no free lunches. The discounted rights shares structure is reflected in the share price and discount to NAV. The structure does provide an annual opportunity to top up without paying a dealing charge though.

[aleman] 14/1/2024 12:28

It's definitely exceptional cold again but will a few days make much difference to a season's figures?

(It's predicted to hit -14C in Texas tomorrow but it's already there now just north of Dallas's -11C. Oklahoma City is -19C and it's -29C at Omaha. More is coming from Rapid CIty's -35C and Edmonton's -40C..)

[erocnelg] 14/1/2024 12:20

https://www.proactiveinvestors.co.uk/companies/news/1038011/diversified-energy-responds-to-us-energy-committee-letter-1038011.html

[bountyhunter] 14/1/2024 10:10

Thanks 1k, I know that GCL hold a basket of Uranium related shares but hadn't picked up on the management charge. Aside from that there are the 1:5 discounted rights to consider at the start of May and the risk management aspect of holding a basket of shares. Also as you mention there is a significant discount to NAV right now with a higher still NAV to be published on Monday following Friday's rises.

[1knocker] 14/1/2024 10:03

bountyhunter, geiger counter is an investment trust. There are charges for management of the investments, the shares it holds. It holds Cameco for example, so that its holding of Cameco results in a charge to the geiger counter shareholder whereas a direct holding of Cameco does not. I don't like to see charges over 1%. I would hope the expertise of the manager is worth that. An annual charge of 2.5% certainly does make a difference to performance.

On the plus side, if an investment trust is trading at a discount o the value of its net assets (the shares it holds, one is getting those shares at below market value by buying the investment trust.

On the plus or minus side, investment rusts can borrow to buy the shares they hold. Good if they get it right and the shares they buy rise by more than the cost of the loan, bad if they do not.

As always, you pays your money and takes your chance.

[gary1966] 14/1/2024 04:55

Rota,

Long story but had to disclose we were in India, nothing sinister.

[podgyted] 13/1/2024 23:03

At least for a bit.

[bountyhunter] 13/1/2024 21:09

He's a busy man that Oak Bloke!

Fluffc, thanks for posting the latest article, I've added that to the others in the header.

[bountyhunter] 13/1/2024 21:04

1k: Management charges? You might be right but the way Uranium is going that's not going to make much difference imho. I'd like to know more about those charges nevertheless. Is that instead of salaries for management?
I'll be holding for the discounted rights issue April/May as I would expect the price to rise approaching that all other things being equal.