Diversified Energy Share Discussion Threads

[bountyhunter] 09/5/2024 08:05

Bridgewater reduced their short by 0.01% on 7th May; I know it's hardly worth mentioning!

[bountyhunter] 09/5/2024 07:55

Click on the green 29c to go to the Dividend Max site which shows the 1Q23 divi amount and dates with the 4Q24 yet to be updated from today's RNS and the yield at 8.2%.

[bountyhunter] 09/5/2024 07:51

4Q23 and 1Q24 divis are now both in the header at the top, please check and let me know if I have anything wrong.

[ramellous] 09/5/2024 07:45

They usually do a dividend declaration before the previous one has been paid. Today’s declaration is nothing out of the ordinary for DEC.

[justiceforthemany] 09/5/2024 07:42

Ex Dividend 23rd May
Confirmed

[leoneobull] 09/5/2024 07:42

Thanks chaps. Slightly overexposed here and last thing I wanted was a skipped dividend with no explanation:-) Hedging exceeded my expectations so happy

[bountyhunter] 09/5/2024 07:41

I think the confusion lies in that the Q4 divi of 29c has already been declared as at the top of the header as today's declaration is for the Q1 dividend?

[bluemango] 09/5/2024 07:41

There's no issue with the dividend. It clearly states in the 10th April AGM notice that the Q4 dividend will be 28th June, while today's declaration is for the next one in September.

No worries

[garycook] 09/5/2024 07:38

Emailed DEC regarding the June dividend. Will post the reply, if and when I receive one.

[bountyhunter] 09/5/2024 07:33

Encouraging results on target and including...

Recently added additional natural gas hedges in 2026 at $3.95 and 2027 at $4.01

Reduced debt outstanding by ~20% (~$309 million) compared to Q1 2023

[bountyhunter] 09/5/2024 07:32

Yes those dates do seem to be for the next but one dividend with an earlier quarterly dividend also of 29c as at the top of the header.

[rik shaw] 09/5/2024 07:31

Q4 div is resolution 2 on the AGM notice for the meeting due to take place tomorrow:
THAT the Company declare a final dividend of 0.29 cents per Share for the year ended 31 December 2023 payable on 28 June 2024 to the Shareholders whose names appear on the
Company’s register of members at the close of business on 24 May 2024.

[leoneobull] 09/5/2024 07:25

Unless the previously declared q4 23 dividend to be paid in June 24 but they haven't mentioned any dates in these RNS'S apart from q1 . Div max claims 23rd May.Anyway, the hedges for 26 and 27 look great plus even 24 better than expected

[leoneobull] 09/5/2024 07:07

Results look OK, but I'm the separate rns re dividend, have we not skipped a quarter? Confused as not mentioned in the other RNS unless I missed something?

[bazboa] 09/5/2024 07:07

29 cents divi. Good solid update.

[leoneobull] 08/5/2024 17:35

Whereas everyone was talking about the AROs, has this challenge been solved now as NexLvl makes a lot from 3rd party wells which ought to subsidise the AROs ?

[drk1] 08/5/2024 08:40

Looking forward to tomorrow's TU - quite incredulously, Bridgeater upped their short position slighly on the 3rd May, meaning that almost 6% is currently out on loan for shorting purposes!

[croasdalelfc] 08/5/2024 08:12

Wot ! No piddly buyback?

[leoneobull] 08/5/2024 08:08

Sbdy bought 6 for 1170p. They say manipulation is alive and well on low volume

[laurence llewelyn binliner] 08/5/2024 07:18

#yupawiese2010, thanks, our Q1 trading update tomorrow morning (9th) so we will most likely get the company confirmation then..

[yupawiese2010] 07/5/2024 20:39

LLB - According to Dividendmax this is the relevant div timetable ( I cannot vouch for its accuracy ).



Edited - Yahoo finance also state that the ex div date is the 23rd May

[justiceforthemany] 07/5/2024 16:16

NAT GAS +33% over the past month.

[tsmith2] 07/5/2024 09:51

hands up if you are a shorter and starting to feel the heat

[joedjoed] 07/5/2024 08:49

We say that DEC is hedged. It is. But clearly those hedges must be put on pretty much continuously in the course of the business. Therefore the level of futures that really matter are the back months. The spot month matters to the extent of under/over hedging. So, it makes sense to track the back months. But tracking just one contract (say 2.5 years out) is not helpful. There is huge seasonality to nat gas pricing. In other words if 2.5 years out is a winter month, you will see a meaningless signal. Therefore the sensible way to get a feel for the level at which DEC is hedging is to track the average of 4 months (=1 year) from, say, 2 to 3 years out. This average has risen from a low of 3.68 in mid Feb to 4.07 now. Back months tend to be less volatile than the front.

[tsmith2] 07/5/2024 07:26

Let's hope they royally burnt :)