Diversified Energy Share Discussion Threads

[leoneobull] 12/2/2024 21:21

Dec doing 400 wells a year already only half of which are their own."There's decades worth of work there, but somebody's got to be able to do it," Hutson said. "In terms of work capacity in the Appalachian basin, we probably have the most capacity of anybody."

[podgyted] 12/2/2024 21:20

Henry Hub savaged the next three months today. March and April sub $1.80.

$3 moved out to Dec 24. But the volume out there is very small.

UK and Euro gas are also falling quite a lot.

IMO DEC needs around $3 for sustainability in 2026+ - gas market seems to be looking away from this.

[neilyb675] 12/2/2024 21:20

#remove the youtube videos#

[leoneobull] 12/2/2024 21:16

https://www.wvnews.com/wvlegislature/ceo-rusty-hutsons-commitment-diversified-energy-stays-true-to-west-virginia-roots/article_6c15bacc-c5be-11ee-bf60-43c903207744.html#:~:text=(WV%20News)%20%E2%80%94%20Rusty%20Hutson,across%20a%20multi%2Dstate%20area.You need a VPN to access the article

[leoneobull] 12/2/2024 21:15

Toggle navigation?Next UpNEXT UP?Proposed bill would impose steep penalties on missed oil and...CEO Rusty Hutson's commitment: Diversified Energy stays true to West Virginia rootsGov. Jim Justice, far left, shakes hands with Diversified Energy co-founder and CEO Rusty Hutson during a February 2023 event celebrating the opening of Next LVL Energy's offices in Bridgeport.Staff photo by Charles YoungBRIDGEPORT, W.Va. (WV News) - Rusty Hutson could choose to do business anywhere he wants.Hutson, the co-founder and CEO of Diversified Energy, has remained committed to directing dollars and employment opportunities to his native West Virginia, even as his company continues to expand its footprint across a multi-state area."We started the company in West Virginia and we grew the company for several years exclusively in West Virginia," he said. "I'm from there; it's still part of me and my family still lives there. We've always wanted the company to be a big supporter of the area - bringing jobs and economic development."HutsonIn February 2023, a subsidiary of Diversified Energy, Next LVL Energy, opened new offices in Bridgeport. The facility serves as the base of operations for the company's well-plugging efforts, as well as an employee training facility."We could have headquartered that plugging business anywhere - because we work in Ohio, we work in Pennsylvania and we work in West Virginia," Hutson said. "But it was a no-brainer for me to bring it to West Virginia."Diversified Energy has carved out a unique space for itself within the oil and gas industry. The company is now the largest owner of natural gas wells in the county, but it doesn't drill wells.Instead, the company acquires mature, low-producing wells already in operation and works to maximize their late-stage efficiency before retirement."What people fail to realize is that production - which is very stable, has a long life and a very low decline - is estimated to be somewhere between 10 and 15% of the total production in the country," Hutson said. "These guys who are drilling and drilling those shale wells, that production has steep declines year-over-year. They're having to drill continuously to keep that production flat to growing. This is stable and it's needed."Environmental protection and reducing emissions are a core component of Diversified's business philosophy."It's the right thing to do for the environment and for the country," Huston said. "We made the conscience decision that we're going to do this and do it right ... We're doing all the right things from a sustainability perspective to make sure that our production is safe, very low-to-no emissions and making sure it's responsibly produced throughout our footprint."The company is already "way ahead" of its ambitious goal of reducing its overall greenhouse gas emissions to 1 to 2% by 2040, Hutson said."The progress has come a lot quicker than we anticipated," he said. "As you see our 2023 numbers come out, you'll see that we're several years ahead of the goals that we set."Next LVL Energy, a subsidiary of Diversified Energy, retires around 400 oil wells per year, according to Diversified co-founder and CEO Rusty Hutson.The operations of Next LVL Energy also play into the company's sustainability mission by making sure its assets are responsibly and sustainably retired permanently."We're retiring more wells on an annual basis than anybody else," he said. "400 a year - 200 of them this year were our own; almost 200 for the state of West Virginia, the state of Ohio and a few in Pennsylvania."There are more than 6,000 documented orphaned or abandoned wells in the state, and thousands more are estimated to exist that are not yet documented.

[neilyb675] 12/2/2024 21:10

#remove the youtube videos#

[leoneobull] 12/2/2024 21:09

https://mountainstatespotlight.org/2024/02/09/diversified-energy-vp-senate-meeting/Article from the US last Friday.

[bulltradept] 12/2/2024 20:20

It is a daytrading candidtate atm, as well as a great divi payer.

[bountyhunter] 12/2/2024 18:02

That's an interesting point about the shares in issue on the LSE falling even without buybacks (not that they wouldn't help at this level) - assuming that shares are progressively crossing the Atlantic given that no new shares were issued for the NYSE listing.

[scrwal] 12/2/2024 17:59

fordtin
No inside info - based purely on the immediate situation the company is facing and the fact that the buybacks aren't affecting the price as it goes sideways at best whilst the number of shares in issue falls.

[neilyb675] 12/2/2024 17:54

shouldn't have to

[tag57] 12/2/2024 17:50

Neilyb- just click on the skip header icon

[neilyb675] 12/2/2024 17:39

There are 3 x youtube videos in the header....you misunderstand my point. Why not just 1 x youtube, therefore reducing header size.

[bountyhunter] 12/2/2024 17:35

Have you tried that? It plays in the header for me and doesn't lead anywhere.

[grahamg8] 12/2/2024 17:18

Or alternatively DEC could buy up assets of bankrupt Mom and Pop oil and gas companies to replace their own exhausted and soon to be plugged wells.

[bountyhunter] 12/2/2024 16:50

I'm viewing it on a mobile device and it looks fine to me. I'm not sure why you've down ticked my post when I've made the effort to respond and add the scrolling window!

[neilyb675] 12/2/2024 16:48

youtube is way too big, remember people view the thread from mobile devices and having mega large headers is really unhelpful....spending ages scrolling

[bountyhunter] 12/2/2024 16:42

The Oak Bloke, Motley Fool and Peel Hunt links are all now in a scrolling window to reduce the header length without losing anything.

[neilyb675] 12/2/2024 15:36

header too big, lose the oaklbloke except for the most recent, likewise lose the youtube minus the most recent.

[sbb1x] 12/2/2024 15:36

Shorters will enjoy paying 69p a share. :)

[blue square] 12/2/2024 15:32

In the 1st hour on the NYSE
over 100% of the daily Ave
was traded, most of them were
buys, the transfer of shares
is happening.

[fordtin] 12/2/2024 15:32

scrwal - can you give a source to what appears to be inside information "There won't be any big buybacks this month."

[scrwal] 12/2/2024 15:25

There won't be any big buybacks this month. Shorters may well launch another attack in the 7 days before xd and will take the hit on the call as they may well have succeeded in one of their aims which a lot of posters here are completely oblivious to as they pound the table for buybacks which are extremely counterproductive given the current situation.
I don't hold and see no reason to buy until after 18 March if the shorters succeed.

[neilyb675] 12/2/2024 15:07

895.00 - 897.50 (GBX) at 15:05:29
on Market (LSE)