Diversified Energy Share Discussion Threads

[bountyhunter] 20/2/2024 15:49

Good point fordin, I'm staying with the 103.18% majority vs the 3.18% antagonists! 😉

[fordtin] 20/2/2024 15:31

If you think about it, there's actually 103.18% long v 3.18% short.

All of the shares in issue currently have owners, but the shortsellers owe shares equivalent to 3.18% of the shares in issue to the people who used to own 3.18%, but loaned them to the shorters.
Those lenders don't actually own the shares anymore because they've been sold, but must surely expect the same number of shares they used to own, to be returned to them at some point. So, even though the lenders don't actually own the shares at this moment in time, they still hold an I.O.U. which sort of puts them in the long category.

[bountyhunter] 20/2/2024 14:54

That didn't take long to rise following the New York open. So much for the shorters being in full control at sub £9 SS!
3% short is still a small minority vs the 97% long.

[justiceforthemany] 20/2/2024 14:40

Ex dividend a week away only.

[laurence llewelyn binliner] 20/2/2024 14:33

HH 2025/2026 futures out to between 3-4.3, the spot prices are largely irrelevant, we are 80% hedged and always looking to protect more of the production upside, and not exposed to spot..

[lab305] 20/2/2024 14:19

hxxps://oilprice.com/Energy/Energy-General/Warm-Winter-Drags-US-Natural-Gas-Prices-to-Three-Decade-Low.html

[erocnelg] 20/2/2024 13:46

hxxps://www.marketscreener.com/quote/stock/DIVERSIFIED-ENERGY-COMPAN-33943281/company/

[bountyhunter] 20/2/2024 13:30

New York may lift the price post 14:30 following their day off yesterday.

[aleman] 20/2/2024 11:46

Only 80k traded here today. The last week has seen an average of about 200k per day in the US on a longer slowly rising trend.

[fordtin] 20/2/2024 11:08

Trade volumes in London have definitely increased in the two months since listing in NY.
Equivalent to about 57% of the shares in issue since 18th December.
That’s quite a churn, but noticeably quiet yesterday and this morning while the US is on a break.

From the form 20-F DEC submitted; “According to our registrar, as of June 30, 2023, there were 57 registered holders of our ordinary shares with addresses in the United States representing approximately 22.77% of our outstanding ordinary shares
as of that date. “

Anyone know if there’s any way to find out what the percentage is now?

[bountyhunter] 20/2/2024 09:46

The price closed at well under £9 four weeks ago on the 23 January, it's been no progress for the shorters since then! Only 7 trading days left before they need to fork out 87.5c/share for the dividend which will only add to ongoing financing costs and make things worse for those not closing in time.

[stevensupertrader] 20/2/2024 09:28

Still can’t understand why yesterday more selling than buying ! If DEC tried to discourage some investors from selling , It is not doing a good job imo

[stevensupertrader] 20/2/2024 09:24

Shortened are definitely in full control even after DEc RNS option 2 scheme.
One thought share price won’t fall under £9 but this morning it did for a brief moment

[oneillshaun] 20/2/2024 08:48

Seems the shorters have factored in the dividend cost as they are still in control of the price.

[bountyhunter] 20/2/2024 08:33

New York being closed yesterday didn't help.

[mrbeaky] 20/2/2024 08:30

No buybacks announced today and share price drops 2% at opening bell.

[bountyhunter] 20/2/2024 08:17

And only 7 trading days now until XD 87.5c

[cool hand kev] 19/2/2024 23:19

Thank you, not a lot then

[imnotspartacus] 19/2/2024 22:20

Buying back an average of 40,000 shares will buy back over 2% of the company in 25 trading days, that’s huge!

[cool hand kev] 19/2/2024 21:21

So what is the short position please and am I right in thinking that shorters have to pay the dividend back?

[podgyted] 19/2/2024 19:48

I'm not conversant with FCA rules.

Does anyone know if the shorts disclosure is gross or net?

Is it possible that the disclosed shorters have already (net) closed their positions?

[podgyted] 19/2/2024 19:43

"US natural gas futures fell to $1.55/MMBtu, the lowest since June 2020 driven by near-record production, abundant fuel storage, and above-average temperatures. Additionally, technical issues at Freeport LNG's export facility have limited gas flow to LNG export terminals, and record levels are not expected until the plant returns to full power. This winter's mild temperatures have enabled utilities to increase gas storage, with inventories currently 15.9% above normal levels. Gas output in February increased to an average of 105.8 billion cubic feet per day (bcfd) compared to 102.1 bcfd in January. Moreover, meteorologists predict that the weather will continue to be milder than normal until March 1. Looking ahead, analysts expect producers to reduce output in 2024, following the sharp decline in prices."

Trading Economics today.

DEC are not going to get much for their unhedged production in 2024 looking at HH futures.

[seangwhite] 19/2/2024 19:36

The declared percentage for short interest seems to follow the NAT GAS spot price chart, as it goes down short interest goes up. The fact DEC have a large amount of output forward sold at higher prices make this scenario hard to comprehend.

[imnotspartacus] 19/2/2024 19:31

Increasing shorts are not moving the share price much, could be a turning point coming.