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DEC Diversified Energy Company Plc

1,205.00
-43.00 (-3.45%)
Last Updated: 09:38:52
Delayed by 15 minutes
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
  -43.00 -3.45% 1,205.00 1,204.00 1,207.00 1,224.00 1,188.00 1,220.00 62,709 09:38:52
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Crude Petroleum & Natural Gs 868.26M 758.02M 14.7774 0.81 640.17M
Diversified Energy Company Plc is listed in the Crude Petroleum & Natural Gs sector of the London Stock Exchange with ticker DEC. The last closing price for Diversified Energy was 1,248p. Over the last year, Diversified Energy shares have traded in a share price range of 819.50p to 1,343.00p.

Diversified Energy currently has 51,295,645 shares in issue. The market capitalisation of Diversified Energy is £640.17 million. Diversified Energy has a price to earnings ratio (PE ratio) of 0.81.

Diversified Energy Share Discussion Threads

Showing 10601 to 10623 of 13375 messages
Chat Pages: Latest  427  426  425  424  423  422  421  420  419  418  417  416  Older
DateSubjectAuthorDiscuss
13/6/2024
07:58
hTtps://oilprice.com/Energy/Natural-Gas/The-Eagle-Ford-Is-Turning-Into-A-Natural-Gas-Haven.htmlInteresting insight on US natural gas supplies in the future.
seangwhite
12/6/2024
21:17
Good question Leon. I don't have an answer other than to suggest that some of them may have taken their eye off the ball.
bountyhunter
12/6/2024
17:30
https://www.shorttracker.co.uk/company/GB00BQHP5P93/Sp doing very nicely. What i can't understand is why are shorts at 6.6%? NG over 3 usd. Are they trapped?
leoneobull
11/6/2024
19:36
Nat Gas up 20% in a week.
justiceforthemany
10/6/2024
07:00
Now that the oaktree deal has been closed, does this now allow a larger regular buyback program? If this volume is maintained, it translates to ~5M shares purchased per annum (~10% of shares outstanding).

Raising nat gas prices (to allow the lockin of higher hedges), ongoing buying from US funds, increasing LNG export capacity (which should help to reduce any spare capacity and equalize Henry Hub with global gas prices ) & now potentially increased buybacks should provide a tailwind to the share price over coming months.

I certainly would not like to be holding a short position given the current backdrop.

asp5
09/6/2024
10:49
Good summary of the acquisition https://oilman.beehiiv.com/p/oilman-jims-letter-june-9-2024Worth reading
cat33
08/6/2024
18:44
Yes well worth a read. Added to the header links - click on "Oak Bloke latest" and then the article.
bountyhunter
08/6/2024
13:57
Oakbloke has done another decxcellent article and my debt concerns , though it's complex."DebtThe ABSIII and ABSV notes were retired and a 3X oversubscribed $610m ABSVIII note issued less expenses of $18m delivers $592m proceeds. Fair value of ABSIII/V at 31/12/23 was $524m but using the same straight line of debt reduction as occurred in 2023 around $55m of repayments will have been already made until 31/5/24, so net debt retired was around $460m. This means the RCF reduces by $132m. The RCF was $159m at 31/12/23 and $190m at 31/3/24, so this is a sizeable reduction.The RCF rate is SOFR+2.75%-3.75% so is a floating rate costing 8.66% in 2023. ABSVIII meanwhile is a blended fixed 7.28%. ABSIII/V were a fixed 4.8%/5.8%. While VIII is slightly more expensive overall than the debt it's replacing we also know existing loanholders participated in ABSVIII so rolling up ABSIII/V was likely part of the cost. The new debt is A/BBB+ replacing lower rated BBB debt".
leoneobull
08/6/2024
11:47
Yes USA natural gas nudging 3.0. Up 100% from lows a few months ago. Yet I paid just below £11 Friday.

Share price does seem to be totally random. Will keep buying dips and selling rips. Bringing down my average price.

2wild
07/6/2024
11:30
Gas hitting one month highs and looks like breaking out
sbb1x
07/6/2024
10:19
Stateside pre open 14.43 = 11.28
sbb1x
06/6/2024
13:10
Big trade 79,888@1099.50
sbb1x
06/6/2024
12:20
Stateside pre open 14.58 = 11.41
sbb1x
06/6/2024
11:51
Gas is starting to motor higher
sbb1x
06/6/2024
05:48
Shorting issue is confusing, do they
think DEC are going under?
Do they think Dec is overvalued?
Whats their end game?

blue square
05/6/2024
06:22
leon - what is missing in the RNS is the price dec paid. it might not be nominal
kaos3
05/6/2024
06:08
Closed state side 14.37 = 11.25.Pre market over there 14.49 = 11.35.
sbb1x
05/6/2024
06:00
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
renewed1
05/6/2024
03:07
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%
leoneobull
04/6/2024
16:20
Well we will definitely see some increased volume those first few days
oneillshaun
04/6/2024
15:46
So price will go up b4 July inclusion.
action
04/6/2024
15:36
Lovely UT. Could see a Lovely bounce tomorrow.
sbb1x
04/6/2024
14:51
My bad the inclusion in the index is not until the 1st July
oneillshaun
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