Diversified Energy Share Discussion Threads

[bountyhunter] 10/5/2024 19:42

..and with interest rates set to fall things could change here quite quickly especially if the gas price continues to strengthen. The yield may now be "only" 8.2% but that becomes more attractive with declining interest rates and special dividends are not out of the question in a more positive environment.

[cassini] 10/5/2024 17:22

I think the interest rate environment changed and stuffed up the model DEC relied on to raise cash.

I overlaid the chart of I3E and DEC over the last 18-20 months or so and the correlation is very good.

I3E is the Anglo-Canadian analogue of DEC.

It wasn't just a DEC thing, the last 18 months decline. IMO.

[renewed1] 10/5/2024 16:43

There will be no reason for these to move up until Rusty ups the divi.
when the shares were 120 he said they made a lot of money when the hedged price was above $3. Well they are hedged well above $3 and cut the divi to a third.!!! Can we trust anything he says.

[97peter] 10/5/2024 12:38

But also when Peel Hunt have the buying criteria of 5 days average , they should be buying 50,000 shares at £11.20 not a measly 3,750 which is of no use whatsoever!! Come on Rusty get them buying at least 59,000 every 2 weeks and let’s get rid of those pesky shorters! Coupled with demand from Russell 2000 listing!!

[leoneobull] 10/5/2024 10:49

If one or two close before admission of Dec to Russell 2000, could this create double push upwards on shares, shorts closing, and trackers buying? Also when share price goes up, fewer sellers, basic psychology

[tsmith2] 10/5/2024 09:38

10-15% of share capital. shorts may feel a tight squeeze?

[justiceforthemany] 09/5/2024 20:54

Russell 2000 listing going live end of this month.
Demand for shares ++
Tracker funds will be buying.

[bountyhunter] 09/5/2024 19:57

£11.30 equivalent in New York now.

[croasdalelfc] 09/5/2024 19:07

hTTps://www.proactiveinvestors.co.uk/companies/news/1047243/diversified-energy-company-achieves-strong-results-with-robust-production-and-financial-performance-1047243.html

[bountyhunter] 09/5/2024 16:33

As I mentioned earlier the dividend details are at the top of the header and if you click on the "29c" you will go through to DividendMax which has both declared dividends and dates up to date with the yield at 8.2%.

[justiceforthemany] 09/5/2024 15:33

AGM tomorrow

[pdt] 09/5/2024 15:01

BlackBerry processing plant made me think that instead of oil they had gone into Ribena production 🙂

[leoneobull] 09/5/2024 12:23

Blackbear. Damn the predictive text

[leoneobull] 09/5/2024 12:23

Blackberry processing plant. Cost 10m. Cost saving - 9m a year? That sounds like good business to me?

[bluemango] 09/5/2024 11:37

I think the slight confusion over the dividend was because the June details/specific dates were never published on Advfn, you had to go to the Company's own website and view the AGM agenda (issued 10th April) to get the dates. So seeing the September details via RNS might have looked like the June one was skipped, but it wasn't.

[this_is_me] 09/5/2024 10:36

Peter always put a capital T in otherwise advfn changes the tt to xx.

[garycook] 09/5/2024 09:03

97peter, Yeah also checked with www.dividenddata.co.uk. Updated DEC for the June dividend.

[97peter] 09/5/2024 08:51

hxxps://www.dividenddata.co.uk/ex-dividend-date-search.py?searchTerm=Dec

This gives you both dates for Q1 and Q4 , this site is always up to date.

Let the shorters start selling and Peel Hunt start buying.

[tsmith2] 09/5/2024 08:27

v reasonable update

[kaos3] 09/5/2024 07:39

I like black bear deal a lot.

A Q on inflation and hedging.

Do hedges adjust for inflation?
If not, what happens if we get 10,20 % inflation (not impossible) pa for several years and hedges remain the same?
If not hedged against inflation with other hedges, which they do not atm

[bountyhunter] 09/5/2024 07:05

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

[bountyhunter] 09/5/2024 06:55

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 06:51

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 06:45

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