Diversified Energy Share Discussion Threads

[bluemango] 03/2/2024 16:53

Well spotted, elpirata.

"NOTE: The purpose of this bill is to clarify the process of well plugging. The bill adds new conditions in which a well does not need promptly plugged. Finally, the bill limits causes of actions in law and equity"

[2wild] 03/2/2024 16:27

Personally I'm loving the shorting here. Buy my calculation there has been over 10, 7% to 10% dead cat bounces, in the last few months. I keep buying the dips and then selling into rips on around 10 to 30% of my holding. Gradually reducing my average price and gaining more shares. And massive dividends as well tax-free in my SIP. Long may this continue.

[elpirata] 03/2/2024 16:18

Can anyone with vpn access this article, House Bill 5076 a potential gamechanger?

Charleston Gazette-Mail
› legislative_session › w...
2 days ago — The West Virginia House of Delegates Energy and Manufacturing Committee approved a bill viewed as a legal shield for Diversified Energy ..



Philip C. Price
@PhilipCPrice
& now he is protecting his buddies at Diversified Energy with House Bill 5076. It will allow the company 480 years to cap their abandoned gas wells!

Edit;

[leoneobull] 03/2/2024 13:04

From LSE BBpickedpeckPosts: 1,869Price: 897.50Strong BuyNot just shortersToday 09:32So... DEC is one of a portfolio of shares I own that have fallen for no great obvious reason. Yields are high, bordering on ridiculously so, and cash generation is positive across the board. So why the falls?Shorters are having a field day on London listed companies at the moment, but they are not the underlying cause of the falls, they are just taking advantage and exacerbating the issue.The fundamental problem is cash outflow from the London market. The Evening Standard has a story describing it:https://www.standard.co.uk/business/small-investors-uk-stock-market-record-pace-shares-london-stock-exchange-lseg-funds-investment-us-city-b1136580.htmlIn an environment where investor money is continually leaving a market, either to find a new home or to cover rising cost of living, then shares with any uncertainty, complexity, or temporary problem fail to compete in attracting enough of the reduced number of buyers in the market to sustain their share price.Previously blue chip companies are seeing this phenomenon impact their share price, with yields amongst some big UK players now often in double figures due to depressed share valuations. VOD, AAL, DGE, RKT and many others sit on very depressed valuations despite strong cash generation.DEC's price fall is not something that has happened in isolation. It's perhaps the worst victim of a market wide phenomenon, it's revenue and debt models beyond trivial understanding act as barriers to buyers with a wide choice of high yield options.None of which means there is anything fundamentally wrong with the company. It doesn't have to maintain the current 30% yield for ever. Even if the yield is just maintained for this year, and there is no sign that won't be the case, there would have to be a further 30% fall in the share price for investors to lose money. With somewhere in the region of 276p dividend per share, the price would have to fall below 624 to lose. If they only manage to hold the dividend for the next two years, the share price would have to be below 350p for investors to lose, at which point the yield would be near 80%!!!At some point investors have to notice the yield on offer. Right now it probably looks too good to be true and that alone is putting buyers off.Saying it's unsustainable just because it's a big number without any other rationale for why the company can't continue to generate that much FCF ignores all the company fundamentals and is the wrong way to look at the value here. The recent trading statement tells us implicitly the next divi, and the one after that, and likely the one after that too are secure financially.Long term the company will inevitably move its primary listing away from london to NY. That's when we may see a dividend cut, but I think that's 2025 at the earliest.

[leoneobull] 03/2/2024 12:59

If no longer in FTsE 250 smallcap tracker funds will be obliged to buy. I'm expecting a bounce during February also as we get closer to XD

[justiceforthemany] 03/2/2024 12:48

The aim from the short sellers is blatantly obvious.
Aim is to kick DEC out of the FTSE 250. Perilously close now.
Have a look.
More tracker funds will sell.
Once demoted to small cap status they will close their short.
Seen it all before.

[blue square] 03/2/2024 06:09

Just under a million dollars
traded so reasonable volume,
US 9.27P Eqiv, so hopefully
we(uk) can recover to
around £9.2 p

[bountyhunter] 02/2/2024 21:03

£9.27 equivalent at the close.

[bountyhunter] 02/2/2024 18:46

$11.74 now and still rising.

[blue square] 02/2/2024 18:29

Currently $11.70 on the NYSE
equivalent to 9.27p
decent volume

[leoneobull] 02/2/2024 17:48

Here's a thought. When the previous shorter exited the share price hit 12 quid and that was only a few weeks ago

[sg35] 02/2/2024 17:38

Absolutely share your frustration. I've never experienced owning a stock like this, where hedge funds can literally manipulate/set their own price with impunity. Normally stick with FTSE100's, where share price manipulation is not so easy to achieve.
DEC, on all the research I have done, seems to be well run and crazily cheap at these levels yet it follows the same pattern everyday, always ending in a fall on the day, irrespective of any action taken by the company itself.
It seems unbelievable to me that a bunch of parasites can simply pick on a stock and literally destroy it with no sort of regulation to stop them.
Outside of DEC management throwing huge sums of money at this to deter short selling (so far that has proved futile), where does it go....£8,£7,£6....?
It's little wonder London Stock Exchange is in terminal decline. Seriously tempted to take a loss, dump the stock and move on....my money would be safer in a casino; they are better regulated and contain less crooks!

[stevensupertrader] 02/2/2024 16:49

CEO, Rusty Hogan, holding over 2.5% of the total DEC shares , definitely sustained a heavy loss and running out of ideas to stop the daily share price falls even RNS updates cannot stop this hitting the wall .

[stevensupertrader] 02/2/2024 16:41

Currently no free lunch for shareholders who bought DEC a year year - placement shares are at £1.05 , today at old money 45.5p , almost 60% kissing goodbye , the more existing shareholders are buying to average the Price , the larger the accumulated loss - at this rate already run out of funds to buy sad stage of affair 😞 sad 😞

[bountyhunter] 02/2/2024 16:27

Exactly, no free lunch for the shorters.

[tsmith2] 02/2/2024 16:19

They've got to pony up the funds?

[stevensupertrader] 02/2/2024 16:17

On ex div date , the share price will reflect the 87.5p thus making no diff. to the shorters .SP on ex div date will show 87.5 p less from the previous night closing price .
There is no free lunch

[bountyhunter] 02/2/2024 16:11

At this level an increase in the level of buybacks would seem like a good idea as we get closer to the date in less than 4 weeks time when the shorters will have to fork out 87.5c/share.

[stevensupertrader] 02/2/2024 15:36

NYSE - currently trading at $11.38 @(£1 =$1.28) = £8.95 under £9 . Nothing DEC management can do to stop the shorters .
Already the damage is done as Market Capitalisation is just over $500m where debt /gearing almost 2.5 times or 250%.

[stevensupertrader] 02/2/2024 15:24

Each time DEC did the buyback, share price fell yesterday DEC did the buyback averaging £9.09 and today the share price went under £9.00.
Buybacks are not working better use the excess liquidity to reduce debt .
Look like share price will revisiting and testing again the lowest Ie under £8 . 😞 😞

[steamline] 02/2/2024 14:32

hxxps://www.uschamber.com/finance/corporate-governance/quick-take-how-stock-buybacks-promote-efficiency-and-strong-capital-markets

[aleman] 02/2/2024 14:23

The USA has already passed a bill into law taxing buy-backs at 1% and Biden wants to increase that to 4%. Also, a bill has been forwarded to abolish buy-backs in the US but why would they want to do that if it is going to generate so much tax? So, either way, the USA seems to be going in a different direction.

[kaos3] 02/2/2024 14:08

Yes... hence i posted the source

I posted it for the ilustration purpose

harmonisation of the global fin systems tells us what to expect all around in the near future. All operate under the similar global guidance

[fordtin] 02/2/2024 14:03

SEBI rules and regulations?

Is that The Securities and Exchange Board of India?

[kaos3] 02/2/2024 13:55

They should hurry up with BBs



What are the SEBI rules and regulations for share buyback?
SEBI market regulatory authority has put in place certain rules and regulations for companies who intend to repurchase their shares from existing shareholders.

SEBI is the key regulatory authority that has specified all buyback rules and regulations in the SEBI (Buyback of Securities) Regulations 2018. Recently, the buyback provisions and rules have been amended via SEBI (Buyback of securities) Amendment regulations 2023.

Here are the certain conditions imposed by SEBI while announcing share buyback;

In an open market offer, a company cannot place bids in the pre-opening session (9:00 to 9:15 AM), or the first 30 minutes, and the last 30 minutes of a trading day.
A company cannot buy back more than 25% of its daily average trading volume of its last 10 trading days preceding the repurchase day.
A company can repurchase shares at any price within 1% of either side of the previous trading session’s price.
It is mandatory for companies to utilize 75% of the proceeds of buyback through the stock exchange route, which was earlier 50%.
A company cannot repurchase its shares from odd lot holders.
From 1st April 2025, no company will be permitted to announce share buyback through the open market via stock exchange. Thus, a tender offer will be the only permitted route to repurchase shares from shareholders.
For FY 22-23, companies are allowed to buy back 15% of their paid-up capital and free reserves via open market buyback through a stock exchange. For FY 23-24, the maximum buyback limit permitted is 10% and the same is 5% for FY 24-25.
For all share buyback via a tender offer, a company can revise the buyback price even one day prior to the buyback record date.