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DEC Diversified Energy Company Plc

1,105.00
21.00 (1.94%)
18 Jun 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
  21.00 1.94% 1,105.00 1,106.00 1,109.00 1,109.00 1,065.00 1,084.00 153,109 16:35:01
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Crude Petroleum & Natural Gs 868.26M 758.02M 15.7334 0.70 533.82M
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 1,084p. 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 48,178,835 shares in issue. The market capitalisation of Diversified Energy is £533.82 million. Diversified Energy has a price to earnings ratio (PE ratio) of 0.70.

Diversified Energy Share Discussion Threads

Showing 9926 to 9950 of 10625 messages
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DateSubjectAuthorDiscuss
19/3/2024
08:54
#Blue mango - disappointing to see such a dividend cut at 1st read through, BUT asset purchases and deleveraging paid for by the cuts make business sense, lessons learnt from the the last round of equity issued..

Let it settle and double down for a larger slice of the new payout policy looks like a reasonable strategy for longer term shareholders..

laurence llewelyn binliner
19/3/2024
08:49
Retail might sell in London but institutions will be buying in the US
topazfrenzy
19/3/2024
08:47
The share price will jump when NY opens imo
topazfrenzy
19/3/2024
08:47
Yield at current price and exchange rate is 10.31% for anyone buying now, in a SIPP. And not too many other investments available where you can see that kind of income continuing for at least 3 years.

Should limit any further downside. Most of the pain was already priced in.

bluemango
19/3/2024
08:46
I prefer Richard Marks.
bountyhunter
19/3/2024
08:46
Well Tag we didn't have to wait a year , just 5 days.
lab305
19/3/2024
08:41
Are you sure you want to be buying anything Oaktree are selling?Just a thought, Howard Marks isn't famous for leaving something for the next man
marksp2011
19/3/2024
08:40
The Oak Bloke is quick off the mark this morning!

DEC-king the opposition!
FY2023 full year results

bountyhunter
19/3/2024
08:35
Dividend still over 10% yield and likely the share price will rise with debt reducing

The 30% yield was ridiculous at the end of the day, although I did still want it lol

topazfrenzy
19/3/2024
08:31
It's only 3% down, I'm not sure that the shorters like the new long term strategy. To be fair a dividend cut was priced in with the yield at 30%. Buying accretive assets while the gas price is in the doldrums seems like a reasonable strategy.
bountyhunter
19/3/2024
08:29
Could be a lot worse. Acquisition a positive.plugging business going gang busters. Balance sheet solid and most importantly co now has choices. Certain to be attractive priced assets available and suspect some serious BB activity to come.
fluffchucker1
19/3/2024
08:27
Hats off to the short sellers, they were right and I was wrong.
fordtin
19/3/2024
08:26
It seems that, in the acquisition of the Oaktree assets, DEC is spending ~54% ($386m) of DEC's market capitalization to increase DEC's production (or production per share) by 15%. That is, per unit of production increase per share, the deal costs DEC 3.6 times as much as buying back its own shares.

I haven't worked out the corresponding ratio in terms of reserves, EBITDA, or other measures of value; but I don't expect it to be dramatically different.

meanreverter
19/3/2024
08:15
Not really much of a fall tbf.
bulltradept
19/3/2024
08:04
Uncertainty dealt with, investors can now plan their income with rather more certainty and it's assured 3 years at least.

And as I said yesterday, still a decent yield once it's all been digested and settled. The boil has finally been lanced and the company has a clear and sustainable trajectory going forwards.

bluemango
19/3/2024
08:03
So the company wasn't aware of any of this material information until today?The tender offer was illegal?Because the share price has tanked, the yield is now too high so we are cutting it to be aligned with peers?There is too much supply so we will double down on productionI would look at the NPV of the additional barrels with interest rates at 7%+Note the intimation that they will be borrowing in the private markets so that will be at 11-14%I don't think Mr Hutson has a shred of credibility. I wonder why the CFO bailed. I was pricing these on a 200c dividend so think I am going to get a haircut
marksp2011
19/3/2024
08:02
Disappointed with the size of the divi drop but suspect we could see a recovery in the share price. I cant see the shorters liking this.
renewed1
19/3/2024
07:56
It is indeed a long term plan.
johnhemming
19/3/2024
07:55
Short term share price pain, longer term a very good hold. Especially if we see a sustained gas price increase.Would be holding off buying any whilst this whirlwind unfolds.
premium beeks
19/3/2024
07:55
Yes it's still a competitive yield to be sustained for a minimum of 3 years with production to be increased by ~15%, debt to be reduced and buybacks continued. It's good that the tender offer has been cancelled as that would have been a waste of company cash in the circumstances. It always seemed a bit odd to have the closing date just after the results. I'd better take it out of the header.
bountyhunter
19/3/2024
07:55
Those who divide $ dividend over the share price in £. is an idiot (excuse my language) only nuts do that 😂 if someone does this way of calculation , no wonder he/she thinks is still not bad
stevensupertrader
19/3/2024
07:51
So, we are thinking a big pay day for those pesky shorts today then...
bulltradept
19/3/2024
07:50
Still a decent yield and (now) hopefully with some clarity going forward.
skinny
19/3/2024
07:50
Agreed but I was pointing out that 12.5% was not accurate. You can't divide dividend in dollars by share price in pounds ....!
rik shaw
19/3/2024
07:49
It looks like a good long term plan and the dividend is still high.
this_is_me
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