Diversified Energy Share Discussion Threads

[fordtin] 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.

[justiceforthemany] 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.

[hashertu] 20/2/2024 18:48

I found this a useful read as I know little about the subject.

[bountyhunter] 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!

[fordtin] 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.

[bountyhunter] 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.

[fordtin] 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!

[bonnard] 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

[aleman] 20/2/2024 17:22

Today's US volume still on course to beat UK. Up to 945p.

[bountyhunter] 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.

[grahamg8] 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.

[bountyhunter] 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! 😉

[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