Diversified Energy Share Discussion Threads

[bountyhunter] 23/1/2024 18:22

The loss reported is a hedging loss, a pure technicality necessitated by reporting rules.

[apollocreed1] 23/1/2024 18:20

Can anyone here also please explain what strategy the shorters or market makers are employing that can be profitable if they arbitrage and manipulate the prices between London and NYSE?

[justiceforthemany] 23/1/2024 18:05

Don't get excited over the NYSE price.
Sadly we have proved that it has no correlation with the price here.
See posts above.
It should in a fair and regulated market but LSE is not, as we've ascertained.

[topazfrenzy] 23/1/2024 18:02

Almost green in NY!

From 19% down

[bountyhunter] 23/1/2024 18:00

The volume in New York has increased substantially today and there's still 3 hours of trading left!

[leoneobull] 23/1/2024 17:59

Please note the disclosures...we are short and made this up to benefit financially. Where is the evidence for an 18% depletion rate? Perhaps they are working for the rat shorter knievel son of?

[leoneobull] 23/1/2024 17:57

Failed backroom boiler room brothers cook up defamatory figures to massage their 3 pounds a point IG short. They must know more than the auditors, the analysts and the 1600 staff. I bet Rusty wishes he stayed in investment banking

[bluemango] 23/1/2024 17:50

Current 12.27 on NYSE is 969p equivalent.

[topazfrenzy] 23/1/2024 17:47

The UK market is a POS

[justiceforthemany] 23/1/2024 17:45

Seen it many times over many years. Why does placing a short position on the LSE place a heavy clamp on the share price? That's not how short selling is supposed to work. Only in the UK.

[drradcliffe] 23/1/2024 17:40

I wonder if DEC are thinking about cancelling their LSE listing? It must be tempting.

[gonsan] 23/1/2024 17:39

But the whole point of the company is to be a cow to be milked in dividends...

[nigelpm] 23/1/2024 17:39

It's an opinion that may or may not turn out to be correct. If the dividend gets paid and following ones also you can take comfort from the fact that the shorters will drive the share price back up and lose a load of money for being wrong.

[topazfrenzy] 23/1/2024 17:37

Up 16% from the lows in NY

Margin calls about to obliterate the late shorts

[justiceforthemany] 23/1/2024 17:36

The company is currently paying out c.35% of its market cap in dividends. Suspending the dividend saves the company a huge $175M or so annually.
The short attack and the share price reaction is implying DEC is short of capital and is going bust - well see above.

[spawny100] 23/1/2024 17:36

Looks like those young snowflakes might be going to have an expensive lesson....

[bountyhunter] 23/1/2024 17:30

and that is only 'potentially' bad news, the company has stated clearly that they are unaware of any justification for the share price fall. Expect another nonsense article from the shorters tomorrow, it's getting a bit pathetic, the FSA should really get a grip and these kind of shenanigans. No wonder that the London market is becoming such a bad place to list!

[nigelpm] 23/1/2024 17:27

It's not mate - they are just offering their opinion. Simple stuff.

[topazfrenzy] 23/1/2024 17:27

Getting close to £9.75 equivalent in NY it won't stop surging lol

[alanpro1] 23/1/2024 17:27

I sense a bear trap. Terrific volume in the US who have shrugged off the amateurs short selling story. At the current share price a huge amount of bad news is already priced in.