Diversified Energy Share Discussion Threads

[sbb1x] 06/6/2024 14:10

Big trade 79,888@1099.50

[sbb1x] 06/6/2024 13:20

Stateside pre open 14.58 = 11.41

[sbb1x] 06/6/2024 12:51

Gas is starting to motor higher

[blue square] 06/6/2024 06:48

Shorting issue is confusing, do they
think DEC are going under?
Do they think Dec is overvalued?
Whats their end game?

[kaos3] 05/6/2024 07:22

leon - what is missing in the RNS is the price dec paid. it might not be nominal

[sbb1x] 05/6/2024 07:08

Closed state side 14.37 = 11.25.Pre market over there 14.49 = 11.35.

[renewed1] 05/6/2024 07:00

Only Rusty has the financial data to work out the merite of the deal so we are in his hands.!! Trouble is he shot his credability in the foot by telling us he was making loads of money at $3 gas and then cut the divi by 2/3rds

[leoneobull] 05/6/2024 04:07

I'm confused about debt at DEC and Rusty's strategy. We closed earlier ABS's at lower interest rates (5% ish blended across ABS 3 and 5) and took out a new ABS 8 at 7.28% coupon? I listened again to Peel Hunt from April 15th call (Matt Hunt) who said they expected significant cost savings from 2024 to 30 from paying off the revolver early, but mentioned an interest rate of 2.75 to 3%. Does the above not mean we now have materially higher interest for a decade...and the main change being the oaktree acquisition? So is Rusty betting that the trade off to be made of higher interest costs is more than covered by the additional cashflow generated by oaktree purchase? ABSIII - $274.71M - Coupon 4.875%ABSV - $290.213M - Coupon 5.78%Both redeemed with proceeds of ABSVIII - Coupon 7.28%

[oneillshaun] 04/6/2024 17:20

Well we will definitely see some increased volume those first few days

[action] 04/6/2024 16:46

So price will go up b4 July inclusion.

[sbb1x] 04/6/2024 16:36

Lovely UT. Could see a Lovely bounce tomorrow.

[oneillshaun] 04/6/2024 15:51

My bad the inclusion in the index is not until the 1st July

[sbb1x] 04/6/2024 14:49

Gap closed, time to Buy ?

[johnhemming] 04/6/2024 13:38

It goes into the index later this month. (at the end of the month).

[oneillshaun] 04/6/2024 12:59

The inclusion has done nothing in terms of price or volume all a bit of an anti climax

[drk1] 04/6/2024 09:56

@action - simple - at least 6.4% of stock out on loan for shorting.

[action] 04/6/2024 09:37

I do not understand the drop based on gas prices going up and inclusion in Russell 2000. Anyone?

[bulltradept] 04/6/2024 09:28

Meh, the yanks don't care, peanuts to them.

[ramellous] 04/6/2024 08:15

From LSE

(Financial Times) Hedge fund short sellers burnt by flurry of UK takeover bids

“Shorting any UK mid-cap is insane, literally insane,” said one hedge fund executive who specialises in shorting stocks. “The numbers [valuations] are just so low in the vast majority of cases that a $2bn UK company is peanuts for any mid-sized American company. Your sell case has to be unbelievably compelling and feature the stock going down at least 50 per cent”, or there is a risk you lose 50 per cent if the stock gets bid for, the person added.

They didn’t get the memo wrt DEC!

[kaos3] 04/6/2024 03:04

as a positive

to invest such a large summs of money into asset based loans - the professional departments did their research on the main DEC topix which are ESG compliance, NG future price developments, DEC operational ability, decline rates and depletition factors

and found them to be OK

so - who would argue with them

[justiceforthemany] 03/6/2024 22:44

Nat gas +7%
Nearing $3

[blue square] 03/6/2024 19:02

Another short has turned up
Now 7 over the threshold
total 6.4%

[t 34] 03/6/2024 17:27

Thank you .

[harris tweed] 03/6/2024 16:48

I can't claim any credit. About 15 years ago I had the same problem and asked a similar to question to yours on another BB - some clever person replied with the solution.

Anyway, I'm glad it worked for you also.

[mondex] 03/6/2024 16:42

Harris, I don't know how you worked that out, but many thanks. It works perfectly.