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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 | |
---|---|---|---|---|---|---|---|---|---|---|
-18.00 | -1.61% | 1,097.00 | 1,093.00 | 1,096.00 | 1,108.00 | 1,079.00 | 1,084.00 | 338,751 | 16:35:10 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Crude Petroleum & Natural Gs | 868.26M | 758.02M | 15.7334 | 0.70 | 527.56M |
Date | Subject | Author | Discuss |
---|---|---|---|
04/5/2024 12:39 | Yes Henry Hub is the main one to consider for unhedged production, links (and a daily chart) are at the end of the header, including to futures. | bountyhunter | |
04/5/2024 11:56 | Just followed the CME link. Is that the one for Henry Hub, and is HH indicative of DEC's likely 'future' fortunes? | lorse | |
04/5/2024 11:52 | Thank you Leoneobull for enlightening me on something I knew absolutely nothing about. Bountyhunter & justiceforthemany - which US Nat Gas figure should I be following or seeking out? Is it the HH ? Where best to find it, etc? | lorse | |
04/5/2024 05:15 | The Russell US Indexes are designed to reflect the ever-changing US equity market, and the annual reconstitution process is critical to maintaining accurate representation.Durin | leoneobull | |
04/5/2024 05:13 | Russell 2000 rebalancing in June....dec expected to be included. According to FTSE Russell, analysts anticipate that expected earnings growth among companies in the Russell 2000 will rebound by 28.2% in 2024.Should spark tracker buying and dec management think this will help the sp, as per recent interview | leoneobull | |
03/5/2024 20:57 | Henry Hub +30% in 1 month. | justiceforthemany | |
03/5/2024 13:07 | Has the AGM date been posted yet or the next XD..? 19.03.2024 - the updated capital allocation framework will take effect with the recommended final dividend for 2023, payable in June 2024.. | laurence llewelyn binliner | |
03/5/2024 12:59 | Sbb1x2 May '24 - 16:15 - "Looks like it will test 10 pound" Don't give up your day job: Current £10.76 mid. :-) | bulltradept | |
02/5/2024 21:05 | NAT GAS +5% today Now above $2 | justiceforthemany | |
02/5/2024 19:45 | Over 300,000 shares traded today and I bet it is just 3,750 buybacks again. Come on Peel buy a 100,000 at between £10.50 and £11.00 and really do some buybacks and send the shorters into hiding, come on!!!! Come on Rusty get things done!!! | 97peter | |
02/5/2024 19:01 | Give it time, US natural gas is up strongly this evening and you've always linked that to the share price rising here. 🔥 .................... | bountyhunter | |
02/5/2024 17:35 | Nat gas price is actually rising strongly. Usual rigging going on by the shorting hedge funds. | justiceforthemany | |
02/5/2024 16:15 | Looks like it will test 10 pound | sbb1x | |
02/5/2024 16:03 | SP looks like back to earth , for the last few weeks many here were carried away thinking this would be £12 or even £14 in no time and some even predicting £20 - ready make me laugh the way people can day dream 😴 | stevensupertrader | |
02/5/2024 15:46 | looks like that tree shake moment might be arriving. Good long term entry point to top up perhaps. Finger over the button ready.... | bdbd11 | |
02/5/2024 15:44 | Saw a 1046 print. | sbb1x | |
02/5/2024 07:34 | HH up last night. | bountyhunter | |
01/5/2024 22:59 | Sp will drop further tomorrow . DEC afraid of vertigo | stevensupertrader | |
01/5/2024 21:34 | Added the Henry Hub intraday chart at the end of the header, worth keeping an eye on. | bountyhunter | |
01/5/2024 09:04 | Saw a 1086 print, is that what they are aiming for today ? | sbb1x | |
30/4/2024 16:53 | Disappointing end | oneillshaun | |
30/4/2024 11:21 | Superb. Thnx | kaos3 | |
30/4/2024 10:47 | DEC achieved $543M adjusted EBITDA in 2023. Since then it has sold assets representing ~$35m EBITDA (02 Jan RNS) and made an acquisition of ~$126m EBITDA (19 Mar RNS). So on a pro forma basis DEC is currently running at ~$634m EBITDA level $543m+$126m-$35m). The FCF generated in 2023 was ~$219m. With the increase in EBITDA and the nature of the acquisition (no additional op costs etc.), FCF should increase to around $320m. The average decline rate for DEC is 10%, however 30% of declines can be addressed by workovers (slide 14, 23 FY results presentation) leaving a net 7% of EBITDA needing to be replaced by acquisition. This translates to ~44M EBITDA (7% of ~$634M). If we assume an average x3 multiple of EBITDA to acquire, this would require ~$132M. Assuming 50% is funded via debt, then ~$66M from FCF is required. If we breakdown FCF, ~$55m (for dividends), ~$200M (debt reduction), ~$66M (cash to replace production decline). Total ~320m which consumes the FCF. In order to acquire further assets, let us say another ~$126m EBITDA as per Jan transaction, it would require funds of ~$380m net (assuming a x3 multiple). To complete such a deal, Dec could sell another set of assets representing ~$35m EBITDA for ~$200M (on same terms as the transaction in Jan) leaving the remaining $180m funded via debt. This would result in ~$725m EBITDA (634 – 35 +126). This could be repeated to grow EBITDA in an accretive manner without the need for equity raises. If they sell a little more the funds raised could also be used to fund the share buybacks. Furthermore as DEC have announced they will reduce debt by an average $200m pa for the next 3 years (slide 45, Apr 7 corporate presentation), this translates to a net asset value (NAV) per share increase of ~$4,21 pa (200m/47,5m shares issued) or ~$12,63 increase over 3 years. I would expect this to be reflected in the share price going forward. Rusty & the board has clearly made a strategic decision to drive capital growth. The business model looks sustainable to me and given the ESG improvements DEC have made and continue to make, I see this risk as largely mitigated. It is interesting that there has not been a peep out of the House of Representatives committee since DEC submitted their response letter in Dec 23. While I am still sitting on unrealized capital losses (excluding dividends), I am very positive on the future of DEC. As usual dyor. | asp5 | |
30/4/2024 09:33 | Tails above starting to form, will have to see where this lands cop today. | bulltradept |
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