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DEC Diversified Energy Company Plc

1,064.00
-2.00 (-0.19%)
02 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Diversified Energy Company Plc LSE:DEC London Ordinary Share GB00BQHP5P93 ORD 20P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -2.00 -0.19% 1,064.00 1,063.00 1,065.00 1,075.00 1,040.00 1,040.00 104,270 16:35:14
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Crude Petroleum & Natural Gs 868.26M 758.02M 15.9479 0.67 505.25M
Diversified Energy Company Plc is listed in the Crude Petroleum & Natural Gs sector of the London Stock Exchange with ticker DEC. The last closing price for Diversified Energy was 1,066p. Over the last year, Diversified Energy shares have traded in a share price range of 822.50p to 1,930.00p.

Diversified Energy currently has 47,530,929 shares in issue. The market capitalisation of Diversified Energy is £505.25 million. Diversified Energy has a price to earnings ratio (PE ratio) of 0.67.

Diversified Energy Share Discussion Threads

Showing 9376 to 9399 of 10675 messages
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DateSubjectAuthorDiscuss
20/2/2024
21:31
US trades are equal to 96.02% of today’s UK trades.

Also equal to 114.9% of yesterday’s UK trading when the US market was closed.

fordtin
20/2/2024
21:28
US volume now equal to UK, so no excuses as to the ongoing market rigging taking place here.
Strong finish in US also - again.

justiceforthemany
20/2/2024
18:48
I found this a useful read as I know little about the subject.
hashertu
20/2/2024
18:20
I see your point, it's just that anything over 100% seems counter-intuitive. I suppose that it's a bit like holidays villas in that a small proportion of them are let out twice for the same week!
bountyhunter
20/2/2024
18:07
The way I see it, 100% of the shares have one registered owner for each share at all times, therefore there must always be a minimum of 100% long.

The people who hold I.O.U's for 3.18% of the company could also consider themselves to be long even though they don't actually own the shares, because they are expecting the shortsellers to redeem the I.O.U's. by giving them shares.
Unless an I.O.U, holder accepted a contract for difference in exchange for their shares, in which case they've just accepted a side bet, with no obligation to settle in shares.

fordtin
20/2/2024
17:49
Surely the 3.18% short are borrowed from the 100% long? That doesn't mean there are then 103.18% long there's still 100%, it's just that 3.18% have been borrowed as the shorts. At least that is how I now see it after considering graham's post.
bountyhunter
20/2/2024
17:43
Might seem a bit of a tangent, but relevant if you think 100% is a hard ceiling.

Imagine you’re on a two engine passenger aircraft and one engine fails. Would you be happy to know the aircraft systems can automatically take the other engine over 100% maximum rated rotational speeds and over 100% maximum rated EGT/ITT (exhaust gas temperature/inter turbine temperature)?

If you’re not happy with that, your might want to research your choice of aircraft before boarding!

fordtin
20/2/2024
17:25
Total shares must be 100%.
So if there are 3.18% short. These count as -3.18%
Therefore there must be 103.18% long since:

103.18 - 3.18 = 100

bonnard
20/2/2024
17:22
Today's US volume still on course to beat UK. Up to 945p.
aleman
20/2/2024
17:14
I think that's probably it, half way between the two previous suggestions :)
Nice to see both listings now in the blue today despite the shenanigans earlier. 6 trading days left after today until XD.

bountyhunter
20/2/2024
17:07
Interesting. My take is that you can't have more shares than the total in issue. And by definition anyone holding the shares are long. So 100% long. And I agree 3.18% short.
grahamg8
20/2/2024
16:44
Closed up in London with a good chance it will do the same in New York.
bountyhunter
20/2/2024
15:49
Good point fordin, I'm staying with the 103.18% majority vs the 3.18% antagonists! 😉
bountyhunter
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.

fordtin
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.

bountyhunter
20/2/2024
14:40
Ex dividend a week away only.
justiceforthemany
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..
laurence llewelyn binliner
20/2/2024
14:19
hxxps://oilprice.com/Energy/Energy-General/Warm-Winter-Drags-US-Natural-Gas-Prices-to-Three-Decade-Low.html
lab305
20/2/2024
13:46
hxxps://www.marketscreener.com/quote/stock/DIVERSIFIED-ENERGY-COMPAN-33943281/company/
erocnelg
20/2/2024
13:30
New York may lift the price post 14:30 following their day off yesterday.
bountyhunter
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.
aleman
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?

fordtin
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.
bountyhunter
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
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