Diversified Energy Share Discussion Threads

[justiceforthemany] 22/1/2024 21:34

Same pattern again and again bountyhunter. Blatant manipulation to the downside here by short sellers. LSE closes and as if by magic the stock rises.
Who's contacted the LSE regulators....:)

[podgyted] 22/1/2024 21:03

LLB

Understand what you are saying but I've had a change in heart and sold out today.

The near-term contract prices are collapsing again today.

Feb -3.6% $2.42
Mar -5.3% $2.13
Apr -4.9% $2.16

As far out as Nov 24 the contracts are down by at least 3% today. Only in Nov 24 does the price go back above $3.

Whats going on in the near-term suggests to me that supply is exceeding demand and this will kick on into later times as storage volumes increase - late 2024 and 2025 contract prices may dive - low volume means these are by no means firm. Think there may be a problem fixing at the sort of levels DEC has been doing for the last few years in the future (for 2026 onwards) and that would compromise its business model - plus 20% is unhedged - this used to be a windfall now it could be a problem.

On the sidelines for now.

Just my opinion FWIW.

GLA

[bountyhunter] 22/1/2024 20:49

Surprise surprise, rising in NY after the London close.



£10.45 equivalent close in NY vs £9.62 LSE close.

[1knocker] 22/1/2024 19:32

graham, you seem to have all bases covered in your last post!

[assagai] 22/1/2024 19:29

Chk well 68,900 shares at market offered / bought at closing auction or appr £650k worth across circa 40 parcels.

[nigelpm] 22/1/2024 18:58

I still don't understand the obsessing over the variance between NY and UK price - if you really think it's wrong open an IG account and arb it.

[aleman] 22/1/2024 17:50

grahamg8
22 Jan '24 - 17:33 - 7458 of 7458

Big movements, London up, New York down.


Eh? NY seems to be tracking London very closely over the last week.


free stock charts from uk.advfn.com

[grahamg8] 22/1/2024 17:33

Big movements, London up, New York down. Getting more unstable by the day. I say it will break upwards is more likely. Or shares suspended of course.

[cool hand kev] 22/1/2024 16:49

Where? I can’t see loads of trades

[assagai] 22/1/2024 16:35

Wow! Look at the auction. A lot of retail shorters trying to close!

[bountyhunter] 22/1/2024 15:37

DEC: Lse vs Nyse, 5 days:

[laurence llewelyn binliner] 22/1/2024 15:19

NG all the way down to USD2, but we are 75/80% hedged at 3.50/3.60, and some HH futures are out to 4 now..Most here invest long in companies they believe will succeed, myself included, the shorts can be a powerful combined force, but sooner or later they will have to cover before XD..A roller coaster hold this one.. :o)

[bulltradept] 22/1/2024 15:11

"Remember when the Reddit crowd ganged up on Gamestop to burn the shorts..?

What if they move onto something like a recently listed OnG company.. :o)"

Then you buy if you think value will out.

[laurence llewelyn binliner] 22/1/2024 14:40

Remember when the Reddit crowd ganged up on Gamestop to burn the shorts..?

What if they move onto something like a recently listed OnG company.. :o)

[justiceforthemany] 22/1/2024 14:39

Rinse and repeat. What did I say on Friday?

[whites123] 22/1/2024 14:27

topazfrenzy22 Jan '24 - 12:23 - 37649 of 37655
0 1 2
Keep hoping for your 5% return with this dog lol

RED FINISH!

The guru has spoken..
I do foresee an £8.00 close end of the week so in a way I agree for once with Topaz

[lonrho] 22/1/2024 14:20

Us natural gas prices falling will not help sentiment.

[bountyhunter] 22/1/2024 12:56

Only 21p up so far today on the LSE but should go higher if New York opens anywhere near it's closing price of £10.53 equivalent in 2 1/2 hrs time. Buys outnumbering sells by about 2:1 on the LSE this morning.

[elpirata] 22/1/2024 12:08

I note shareprophets/Winnyfroths blasting of DEC as a 'cracking short' across the social media platforms yesterday has fallen on deaf ears

[mindthestash] 22/1/2024 12:07

A bit of advice would be appreciated.
There's no UK RNS saying share buybacks for purchases Thurs or Fri.
Does that mean there could be separate NYSE statements were not aware of?

Implication is that it's us holders or new punters on small scale turning the tide?

[gonsan] 22/1/2024 12:05

Hello Neilyb675

Why do you post the share price in the chat?
I’m just curious.

Good luck with all your investments!

[bountyhunter] 22/1/2024 12:04

Yes we get a trading update soon, 31 Jan last year.

[neilyb675] 22/1/2024 11:39

980.00 - 981.00 (GBX) at 11:36:05
on Market (LSE)

[parob] 22/1/2024 11:17

The high volume day on Friday, intra-day reversal and dragonfly doji suggests the bottom is in. Remember we had this update just last week:Diversified Energy Company PLC (LSE: DEC, NYSE: DEC) today notes the recent decline in its share price and confirms it is unaware of any operational or company-specific reason for this share price movement. The Company further confirms there has been no material change to its financial and operational condition.The Company intends to issue its fourth quarter and year-end 2023 Trading Statement during the customary timeframe at the end of this month.