Diversified Energy Share Discussion Threads

[1knocker] 07/3/2024 12:44

Well, I guess you got your answer! The company did not suggest at any stage of the process that it would leave you any the wiser!

[fordtin] 07/3/2024 12:14

I posted the following 8 days ago;

If you email DEC with enquiries about the Tender offer, they will send the following reply;

"Diversified has engaged Computershare Investor Services PLC to act as Receiving Agent in the United Kingdom and Georgeson LLC as Information Agent in the United States to service holder queries such as this. I would encourage you to reach out to the appropriate Agent based on your geography and shareholding, at the contact information provided below.

Computershare Investor Services PLC
[phone]

Georgeson LLC
[phone]"

If you phone Computershare now, you will be advised to call back later or go to their website.

The website will lead you through a web of irrelevent FAQ's.

When you eventually find "send an enquiry", you will get the following response;

"Enquiry Successful
Your enquiry has been successfully submitted and you should receive a response within 10 working days. Please await our reply before contacting us regarding your enquiry.
"


This morning I received the following emailed reply;

"Thank you for your recent communication.

Stockbroker
For your information, as you are not a shareholder registered on the Diversified Energy Company Plc register you will need to contact your stockbroker directly"

[fordtin] 07/3/2024 08:20

Thank you Aleman. I've been thinking along those lines for a while, but couldn't come up with a suitable pairs trade for DEC. Your example sounds very plausible.

[aleman] 06/3/2024 23:10

People need to remember why some short. It might not be a pure short trade for instance. A gas price bull might place a pairs trade, shorting DEC and longing a less hedged producer. DEC investors might only see the short here and think they are suffering when they are in fact coining it from the other company going up faster, leaving them not too bothered about closing and less worried about dividends than some might expect. If the gas price fell however, then the short here would look profitable but the long of the less hedged producer would be more painful. I'm not saying that is definitely the case here but pairs trading and other strategies can produce positions that look odd in isolation but are perfectly sensibly in the wider picture. Shorts might not need to be quickly closed if DEC's price rose so long as the other related aspects of the strategy are making money.

[bountyhunter] 06/3/2024 22:04

The Oak Bloke this evening:

DEC (an OB 20)
Speaking of budgets… is the budget for tenders at DEC 68.9p a share or 72p? The 68.9 vs 72 debate rages on and on with dozens of posts debating the issue daily. Gas price? Who cares. Now Ivor has this many shares…. The Oak Bloke thinks he cracked the puzzle and even worked out a formula to know the optimal tender price to be worth sacrificing dividends. Did Rusty know he’d created a new form of Sudoku, hundreds seemingly pondering the puzzle?

[fordtin] 06/3/2024 21:26

Volume greater in US than UK for the second day in a row.

[premium beeks] 06/3/2024 20:08

He's just a gonad, best filtered.

[marksp2011] 06/3/2024 20:01

JusticeTell us all what is illegal. You can short it if you want to

[elpirata] 06/3/2024 18:29

DEC have just issued 'LLC Notice of Issuance of Subpoena to Testify at a Deposition in a Civil Action to Ohio River Valley Institute' & 'LLC Notice of Issuance of Subpoena to Testify at a Deposition in a Civil Action to Ted Boettner'

The gloves are off, lets see how those allegations & debunked reports perform under cross examination on oath

[97peter] 06/3/2024 18:23

All, the tender offer is I think mainly for the MM and II’s institutions to move shares and money about before tax year end. For private investors who may have say 2,0000-3,000 shares it is a choice of keep the divi for most of your shares and sell/tender a small % if they want extra funds? Or just keep and hold and await the big jump, once end of year results and another 70p divi in next quarter announced, the shorters will leave, the share price in both UK and US will align better and be about £14-£16 by August.

[gonsan] 06/3/2024 18:19

not only in the face

[alanpro1] 06/3/2024 17:45

This comes direct from CEO of Walleye, the main fund shorting / manipulating DEC : "The job of being a PM (portfolio manager), whether you're quantitative or fundamental, is psychologically extremely toxic because you're going to be wrong basically just as much as you're going to be right. You're going to get kicked in the face a lot, and you're going to be someone who's the smartest person that they've known their entire life, and then they're just going to get beat up all the time."Toxic sums it up nicely. Let's also hope they get kicked in the face.

[alanpro1] 06/3/2024 17:36

Shorters are digging themselves a deep hole. Of the 220k shares traded on the LSE yesterday, 57k of them were shorts. Imagine having to sell over a quarter of the volume in the most manipulative way and it still goes up a few pennies! I can start to feel the squeeze already, especially now volume has dropped so they can't close so easily. Burn. shorttracker.co.uk/company/GB00BQHP5P93/

[kaos3] 06/3/2024 16:34

i like the chart

[kaos3] 06/3/2024 16:00

yeah . thank you for the tender offer info

unchartered territory meanwhile

then tender offer news and cash to add if interested

i do not expect an asset buy meanwhile. lots of activity around the listing, attacs, running the business - and if they are doing - i expect them to be growing the well retiring business activity. both needed and profitable and risk reducing with quite some space to grow before diminishing returns kick in

and it is good for the planet, which i like

[blue square] 06/3/2024 15:56

After a slow start NYSE volumes
already exceed LSE volumes,
Although there is the the UT,
and after hour trades to come,

[scrwal] 06/3/2024 15:14

The tender offer results are issued on 27 March.
The closing date and latest time for receipt of TTE instructions in CREST is 10.00 on 27 March.
The expected timetable is on page 8 of the circular.

[yaesu] 06/3/2024 12:01

Hg
Just filter SST and ignore him. If you comment on his posts he will continue to post. If no-one ever responds to his posts he will eventually stop posting.

[bulltradept] 06/3/2024 10:37

Sometimes.

[1knocker] 06/3/2024 10:33

Not much rhyme or reason I can see in the price action, but one thing is clear and should be noted by anyone minded to buy or sell: DEC is a stock to be bought in the mornings and sold in the afternoons!

[kaos3] 06/3/2024 10:29

ok.i was wrong. i have thought they knew how many shares are tendered and can publish the data

.....The Tender Offer is only available to shareholders who are on the depositary interest register at 6.00 p.m. (London time) on 1 March 2024 (the "Qualifying Shareholders").....

[blue square] 06/3/2024 10:18

If the share price goes to £9
£9 +5% = £9.45 tender price

[kaos3] 06/3/2024 10:15

no result of tender offer. hmmmmm ....

[stevensupertrader] 06/3/2024 09:40

IF. share price performs and stays like this under £9.20 for the next two weeks or so , DEC option 2 would be call off and then share price will be hard to stay above £9 imo

[blue square] 05/3/2024 20:54

Very significant day, the only
other time NYSE volume exceeded
LSE, was when the Blackrock SEC
filing happened,today was just
an uneventful day.