Diversified Energy Share Discussion Threads

[leoneobull] 29/4/2024 19:33

The benefits for UK investors of the NYSE listing were made very clear by Rusty about 1 month ago if anybodies missed it.

[bountyhunter] 29/4/2024 19:33

US natural gas up should help.

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[bountyhunter] 29/4/2024 18:47

£11.60 close in London catching up with the Friday close in NY, with NY still rising post the LSE close this evening, £11.84 equivalent currently.

[this_is_me] 29/4/2024 18:22

Solidly above £11 now and looking very good for further rises.

[croasdalelfc] 29/4/2024 16:42

3 month closing high - maybe hits 1250 before a retrace based on chart technicals - overbought etc

[laurence llewelyn binliner] 29/4/2024 09:03

The sharp move down from 2000 to 850 was unjustified, so now we have a dual listing, have addressed the Gov panels concerns on emissions, building out Next LVL plugging, cut the dividend by 2/3, initiated a buyback, added Tanos1/2 acquisitions, and are positioned to reduce debt much faster now, I would expect a re-rate back to somewhere closer to where we were..? sitting on paper losses is becoming irritating.. :o)

[tsmith2] 29/4/2024 08:09

could we'll see a pretty sharp move up to £14-15..

[bountyhunter] 27/4/2024 10:04

£11.61 equivalent close in NY.

[action] 27/4/2024 09:28

Usa summer driving season on its way. Hope gasoline goes up.

[leoneobull] 27/4/2024 04:50

Q1: First off, Matt, Diversified Energy Company published 2023 results a few weeks ago. What was your view on the results?A1: I think the results highlighted a very strong year for the company. A number of the key metrics, production, EBITDA, operating costs, were pre-released in January.They did announce revenue at $1,046 million, which was substantially above consensus of $937 million. Another key number that was announced a couple of weeks back was the free cash flow of $219 million and again, that was above consensus and above our estimates.I thought another impressive part of the results statement was around the continued progress on the ESG. So specifically, they announced that in 2023, the group had met its target of reducing scope one methane intensity reduction by 50%. That's actually seven years ahead of the target of 2030, that was set a few years back.So, I think it really just highlights the progress the group's made against its ESG targets.

[leoneobull] 27/4/2024 04:49

Q4: How has your view on the balance sheet items changed?A4: That's another big piece. So, Diversified Energy Company, the gearing level there, we find drops pretty materially so for example, our year end 2026 gearing level drops by about 1.0 times and another interesting finding is given that making this pretty substantive acquisition, you're looking at $386 million guided on completion, we actually find that our year end 2024 net debt number actually goes down slightly despite making that payment.So reasons for that are the EBITDA that you can get straight away from that acquisition this year, the reduction in dividend payments, and also, a slight reduction in interest.In subsequent years, our net debt estimate for the group falls fairly materially so in year-end '25, year-end '26, we see quite a material reduction in net debt for the company as a result of these announcements made on the 19th of March.

[bountyhunter] 26/4/2024 16:56

Looking good so far, £11.39 equivalent in NY.

[justiceforthemany] 26/4/2024 13:43

Jupiter Fund buying DEC.

[kaos3] 26/4/2024 12:24

i went long hh ng futures. for a quickie

[mondex] 26/4/2024 12:03

CNX, Appalachia Peers Defer Completions as NatGas Prices Languish


Henry Hub blues: CNX Resources and other Appalachia producers are slashing production and deferring well completions as natural gas spot prices hover near record lows.

From Hart Energy

[leoneobull] 26/4/2024 08:58

Expect £ 15 within weeks if shorters disappear. Us open...fireworks?

[tsmith2] 26/4/2024 08:31

Hello shorters

[tsmith2] 26/4/2024 07:16

Jupiter picking up 5%?

[leoneobull] 25/4/2024 19:51

Nice to see JPM's short from the 880s on dec going so well

[mondex] 25/4/2024 14:38

EIA: US sets gas consumption record in 2023
US natural gas consumption reached an annual record of 89.1 Bcf/d in 2023, with monthly records consistently broken from March to November, according to the Energy Information Administration. The electric power sector increased its gas use by 7% last year, partly offsetting declines in the residential and commercial sectors.
from US EIA

[97peter] 25/4/2024 11:59

Still very disappointed in Peel Hint andDEC not buying at least 10,000 shares per day!! We need 25,000 per day to remove the shorters!

[leoneobull] 25/4/2024 04:24

NG price close to 2 usd in the US...most of DEC'S obviously hedged dar higher but at least spot has recovered a bit

[stevensupertrader] 24/4/2024 12:09

Dec share price afraid of height these days .
Going no where even with daily buyback 😢

[leoneobull] 24/4/2024 11:39

Yes, feeble. However they just made a 400m usd acquisition.