Diversified Energy Share Discussion Threads

[blue square] 13/3/2024 17:54

20th March
I am sometimes surprised people
dont read the RNS's

[1knocker] 13/3/2024 17:40

Does anyone know the date when the conversion rate for the dividend will be announced? it is usually about a fortnight before pay day as i recall.

Lab, remember that no-ne has made a loss (or a profit) until he sells. Until then, he just has a finite sum of capital committed and, of course, at risk.

[bountyhunter] 13/3/2024 17:05

Thanks for posting the link Ramellous, I've added it at the top of the YouTube section in the header. Nelly will love the preceding adds which it doesn't seem possible to get rid of!

[lab305] 13/3/2024 15:34

Tag57 I had over 1m of these and old habits die hard. Even so as you alluded to I never wore rose tinted spectacles and grew increasingly uncomfortable. I still read the thread and merely answered Steven's question. Predictably that draws criticism from holders such as yourself. Instead of that why not rebuff some of my points ? On your point about the hedging it has patently not protected the share price which many posters argued with me about. I feel vindicated as events have unfolded and was correct to sell at 90p and 72p even at a loss. My problem was that I believed Rusty at the results last year and waited too long for his predictions to materialize.

[laurence llewelyn binliner] 13/3/2024 10:18

#Ramellous, well worth 48 minutes of time, thanks for sharing here, he breaks down in a nuts and bolts style what the company does, how they do it, and why with a good piece on the ARO side ..

[tag57] 13/3/2024 09:46

Lab305- through 2022 you commented a lot about the hedges in place and how the company missed out on the high gas prices at the time. Now that gas is at a record low (or has been) given the time of the year do you see the hedges as a positive, even temporarily? I am not a fan of BBs as even if they support prices temporarily the share price will still find its natural market price eventually. Plus I hold for income rather than capital gains (although I don’t like losing capital, even if just paper losses)
I don’t disagree with your comments about management and their wrong steps over the last 2 years it is more about how you keep coming back to this board and making the same comments over and over.
Bitterness isn’t a good look or a good mental place to be in for a long period.

[tunley] 13/3/2024 09:11

Agree with Tag57 and I'm down £44k so painful but lifestyle still okay and my own fault. I'm sure however that the CFO departure was nothing more than sour grapes after he was passed over for promotion

[ramellous] 13/3/2024 08:19

Has this recent interview with the president of communications at DEC been posted on here
Apologies if I missed it

[tag57] 13/3/2024 08:13

Lab305, you may have lost more than most but this also depends on your capacity for losses, has it affected your lifestyle, are you losing sleep over it?
I get the impression not. Bitterness just looks amateurish and childish.
I am down well over a £100k here which hurts but I don’t blame anyone but myself. I chased the divi thinking it is safe and bought as the price dropped. I think the divi remains safe and the share price will come back to £1equivalent so continue to hold.
My choice therefore no-one to blame but myself if it turns out a poor decision.

[blue square] 13/3/2024 07:26

The share has run out of steam,
Both here and the USA.
Likely to drift down, dont see
any upward pressure at the moment

[bountyhunter] 13/3/2024 07:20

Volumes in London and New York were about the same yesterday with both being low.

[lab305] 13/3/2024 07:18

Yes but they are the main points. The decommissioning debate rages on but is extremely complex. I am obviously bitter about the failure of this company to defend its own share price. It cost me more than most.

[tag57] 12/3/2024 22:39

Lab305 - anything else negative you can think of?

[lab305] 12/3/2024 20:04

Add to my post earlier the untimely departure of the cfo, the significance of which is extremely underrated.

[bountyhunter] 12/3/2024 19:40

DEC have always paid a generous dividend and have actually fared a bit better than many of their peers (and would have fared much better without the short attack imo) given the lower gas prices compared to a year ago. The 80% hedging was a wise strategy. Or is that 85%? Many peers have of course performed diabolically especially the small caps but then don't have the hedging and production of DEC.

[stevensupertrader] 12/3/2024 19:24

blue square. - still 20p to reach £10 , a long way from the dizzy height before 20 old shares to 1 new shares two months ago .
At that time of conversion the price was £12 , just about 2 months , DEC share price has lost nearly 17.5% and that is just £12?. If one bought at last Feb 2023 the placement price was £1.05 and at today 20 to 1 new share = £21. about 60% kiss goodbye to one lousy investment and more longer a laughing matter.

[pogue] 12/3/2024 17:59

Today's news in the UK is the government are getting real about the stupidity of their green agenda and announced the need for new gas power stations. I suggest this is just the beginning of realisation by the west that green fairies don't actually power green power producers and actually going green is not as easy as they were told by Greta.
Soooooo where does the gas come from? Gas assets are to me a place to be long term especially ones with big divis.
DYOR

[blue square] 12/3/2024 16:57

On the plus side £9.15p is
equivalent to arond £9.80p
Before the Ex Div date.

[stevensupertrader] 12/3/2024 16:39

US $11.72 and falling . Now even NYSE is slowing and no urgency to push the price up. If the price stays at this level , option 2 will be a like a dead mule come 26th March imo

[blue square] 12/3/2024 15:22

Sudden burst of trades on NYSE
for volume there to overtake
volume on LSE

[imnotspartacus] 12/3/2024 15:16

Hedging for Dec is a great strategy plus debt will be gone by 2030.

[stevensupertrader] 12/3/2024 14:30

Are you telling me that the audited accounts over the years were not correct or. Correct to a point ( to use a strong word manipulated) and as such no one can take the last audited accounts seriously !!
Are you trying to tell us this.

[kaos3] 12/3/2024 14:12

Well i did jump with my few cents.

But was following dec for years. So i could understand. And it took me years to get it. As i am very slow.

All that hedging, accounting rules, decline vs depletition etc