Diversified Energy Share Discussion Threads

[grahamg8] 22/6/2024 11:24

While we have the delightful prospect of voting for accident prone Rishi Sunak or slimeball Keir Starmer.

[leoneobull] 21/6/2024 17:12

Biden is unfit for President, but not half as unfit as the cretinous, dangerous Trump

[action] 21/6/2024 16:15

And Dec is below 1100p. Strange

[justiceforthemany] 21/6/2024 15:01

Trump highly likely to win the election. Biden is not fit mentally or physically for another 4 year term.

[justiceforthemany] 21/6/2024 13:41

Nat gas up 42% in a month.

[sbb1x] 19/6/2024 19:58

Nice buyback 13,750 shares

[sbb1x] 18/6/2024 08:07

Nice buyback 13,750 shares

[bountyhunter] 18/6/2024 07:50

22.833p added at the top of the header

[seangwhite] 14/6/2024 21:33

Must be people selling

[kaos3] 13/6/2024 15:57

timber - why ...

[justiceforthemany] 13/6/2024 15:56

Henry Hub +50% in a month!

[drk1] 13/6/2024 09:21

Bridgewater and Cube both upped their short positons in the last 7 days - 6.6% (minimun) which is truly mind-boggling for a share such as Dec. Looks like even more patience is required! :-(

[seangwhite] 13/6/2024 08:58

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.

[bountyhunter] 12/6/2024 22:17

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.

[leoneobull] 12/6/2024 18:30

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?

[justiceforthemany] 11/6/2024 20:36

Nat Gas up 20% in a week.

[asp5] 10/6/2024 08:00

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.

[cat33] 09/6/2024 11:49

Good summary of the acquisition https://oilman.beehiiv.com/p/oilman-jims-letter-june-9-2024Worth reading

[bountyhunter] 08/6/2024 19:44

Yes well worth a read. Added to the header links - click on "Oak Bloke latest" and then the article.

[leoneobull] 08/6/2024 14:57

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".

[2wild] 08/6/2024 12:47

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.

[sbb1x] 07/6/2024 12:30

Gas hitting one month highs and looks like breaking out

[sbb1x] 07/6/2024 11:19

Stateside pre open 14.43 = 11.28