Diversified Energy Share Discussion Threads

[tsmith2] 08/4/2024 07:29

I think we are about to start seeing the latter..

[nigelpm] 08/4/2024 06:54

Because of the fall in share price quite rightly they felt a buyback added more value and to some degree it smokes out the short sellers.

[smidge21] 08/4/2024 06:52

It would be good if that story included an explanation of how the Company can go from their RNS release of 16 January 2024

"Diversified Energy Company PLC (LSE: DEC, NYSE: DEC) today notes the recent decline in its share price and confirms it is unaware of any operational or company-specific reason for this share price movement. The Company further confirms there has been NO MATERIAL CHANGE TO ITS FINANCIAL AND OPERATIONAL CONDITION."

to a substantial dividend cut in broad proportion to the slump in the share price

[tsmith2] 08/4/2024 06:47

looks like they have a story to tell

[bountyhunter] 08/4/2024 06:10

Investor conferences in the US:

• Mizuho Investor Meetings- Tuesday, April 9th, Chicago

Rusty Hutson (CEO), Brad Gray (CFO) and Douglas Kris (SVP-IR & Corporate Communications)


• Bank of America Investor Meetings- Wednesday, April 17th, New York City

Rusty Hutson (CEO), Brad Gray (CFO) and Douglas Kris (SVP- IR & Corporate Communications)


• Mizuho Investor Meetings- Wednesday, April 24th, Houston

Rusty Hutson (CEO), Brad Gray (CFO) and Douglas Kris (SVP-IR & Corporate Communications)


• Citi Energy & Climate Technology Conference- Wednesday, May 15th, Boston

Rusty Hutson (CEO), Brad Gray (CFO) and Douglas Kris (SVP-IR & Corporate Communications)

[leoneobull] 06/4/2024 09:24

Not to mention NexLVL is going to become a massive turnover business in its own right

[leoneobull] 06/4/2024 09:22

Dec gets briefly mentioned in Times Market report. One of only risers due to share buyback scheme being relaunched.https://archive.fo/2024.04.05-184547/https://www.thetimes.co.uk/article/few-emerge-unscathed-from-stock-market-sell-off-wqrxknhww

[tag57] 06/4/2024 09:21

BH, I wouldn’t give those senators any credit whatsoever. DEC have been on this path for a few years now and appear to be doing a great job with leading technology.
I just hope that eventually they get the credit for this and their financials in the share price

[elpirata] 06/4/2024 08:55

Indeed, and the West Virginia State Legislature has now got DECs back & put the boot in to the class action, they are dependent on NextLVL for orphaned well capping targets

[bountyhunter] 06/4/2024 08:49

The irony is that those angry senators may have done us a favour by ensuring that DEC becomes a leader in sustainability, well ahead of the competition (even profitably providing services for them) and meeting government targets seven years early. Diversification into renewables such solar and battery storage etc on some of its eight million acres is another interesting possibility.

[elpirata] 06/4/2024 08:43

ditto Sharetalk 'strong buy' commentary

I make no apology for publishing this sustainability report extract as in my view its very existence in the detail it is offered is a major reason for wanting to invest in DEC and its corporate culture. CEO Rusty Hutson and members of the team from the top to the bottom have made it their business to be accountable in these areas and accordingly their commitment is substantial and permanent.

In an area where it is easy for outsiders to lob unattributed and substantially incorrect information into the mix I am glad that the company has nailed its colours to the mast and delivered a top notch, best in class Sustainability report that works now and will stand the test of time. Oh and it’s laser-focused too which does no harm

[bountyhunter] 06/4/2024 08:07

The above includes many interesting points including:

10. DEC leases or owns more than eight million acres of land across its footprint. While not all of this acreage is equally suitable for solar project development, certain acreage has become an avenue for DEC to opportunistically participate in renewable energy solutions with third parties via waiving our surface rights on this acreage while reserving access to road and pipeline rights of way that are necessary for its operations.

11. DEC is exploring new technologies to expand the use of renewable and alternative energy in operations, including waste heat recovery and solid oxide fuel cells. Additionally, we are exploring the use of wellbores for mechanical battery energy storage to aid in the energy transition by providing off-peak energy storage.

DEC is also exploring using exhausted wells for Carbon capture utilization and storage (CCUS) - why plug it when you can fill it?

The Oak Bloke concludes:

The fact that DEC could go - is going - from being painted as the public enemy to public saviour is (ironically) an “inconvenient truth” for detractors. As Rusty keeps reminding us, they are the Right Company at the Right Time.

Right company… to do what?

Right time… for what?

I believe the answer is taking an active role in Energy production but also in Net Zero.

Where is any of that in the price of DEC? Well, reader, it isn’t.

[bountyhunter] 06/4/2024 08:02

Yesterday's Oak Bloke article is now in the header at the top of the links section.

[bountyhunter] 05/4/2024 20:34

£10.24 equivalent close in New York.

[lorse] 05/4/2024 20:09

Where do I find the Natural Gas price that is moving DEC? Presumably a US figure?

[bountyhunter] 05/4/2024 14:35

Above £10 now in London and New York.

[fordtin] 05/4/2024 13:45

If they cut the divi by two thirds, they could probably afford to buy another 3.8 million shares ...

[nigelpm] 05/4/2024 13:26

I think there's some confusion on the buyback it's a maximum of :

4.87m shares
OR £97m in cost terms.

They won't get anywhere near £97m spent unless share price doubles.

It's also "ONLY" 3.8m left.

With c. 47m shares in issue - that's c. 8% maximum.

[asp5] 05/4/2024 13:25

The Russell Index Reconstitution starts on May 24 when preliminary lists are communicated to the marketplace. Updates are provided on May 31, June 7, June 14, June 21 and June 28. The newly reconstituted indexes will then take effect after the market close on 28 June 2024.

In theory DEC could purchase all ~3,88M shares between now and May 24 at ~100K shares per trading day at a ~50% discount to the announced 97.4M cap (depending on share price) especially as the current authority to purchase shares expires latest by 30 June 2024. Savings made in dividend payments would cover interest costs if liquidity from the RBL was used.

All the index trackers will be forced buyers plus there will be demand from actively managed funds that are benchmarked against the Russel 2000. Finally shorters would need to cover their positions and would provide a third leg to any buying impetus. The timing of this announcement is certainly interesting.

I am still invested and have not sold any shares. I am suffering unrealized capital losses and will write up my thoughts when time permits as I feel the management team at times are unfairly maligned. Good luck to all investors. DYOR.

[elpirata] 05/4/2024 12:33

Thats a good summary from oakbloke on the ESG report particularly with regard to the carbon capture opportunities. Combined with the results & capital reallocations, any rationale for shorting this has well & truly disappeared (as have the snowflakes, woke House Democrats & Whinniefrith)

[bountyhunter] 05/4/2024 11:57

Yes, too much surfing in coucou land lol?

[skinny] 05/4/2024 11:47

A search returns an "INTERSESTING" site!!

[lab305] 05/4/2024 09:58

Dress it up how you like but it just sounds like sour grapes to me.

[bluemango] 05/4/2024 09:51

No problem with contrarian views.

It's when they're clearly going to be tainted by confirmation bias, that there's a potential issue and it just frankly becomes tedious.