Diversified Energy Share Discussion Threads

[putinaire] 27/10/2024 16:25

You always see these bullish arguments for reducing shorts. Even though they have been doing reductions from 0.76% on the way to todays rate. It is called adjustments.

Unfortunately there is also another market required. Optimistic bulls. This occurs as often as not on short reductions.



You must also note, DEC share price cant get anywhere with short buybacks/adjustments

[putinaire] 27/10/2024 16:15

You think that basket case yield will stand? APPL couldnt afford it if they paid any looool. Never mind DEC margins.



'Dec have disproved the methane assertions by improving their best in class methane improvement performance.'

How can you 'disprove' something by 'improving' something ffs

Improved by the pen haha

[bountyhunter] 27/10/2024 15:47

7 out of the 9 noticeable shorts have been reducing, makes sense to me

[leoneobull] 27/10/2024 15:39

Dec have disproved the methane assertions by improving their best in class methane improvement performance. You only started posting sub 9 £s. Good luck in covering the dividend and share price hike coming

[leoneobull] 27/10/2024 15:36

Yes, pls do share, if you are capable of copy pasting

[putinaire] 27/10/2024 14:20

Diversified ABS phases - far more interesting

[putinaire] 27/10/2024 14:13

Would you like to see DEC EPS forwards from 6 months to 10 years, in terms of share price prices on a chart?

If you really are a bull, you dont want that posted loooool

Revised down even more after the 'magic hedge'

[putinaire] 27/10/2024 13:51

27 Oct '24 - 12:51 - 3617 of 3620
0 0 1
The ohio report has been around for 3 years and has been debunked, not least in technical detail my Oakbloke

.......

Now leone, show me a debunk thats worth reading, example a major institution - and il show you something also worth knowing

[putinaire] 27/10/2024 13:50

Money does not make one right - but it certainly assures that they believe in their view

[putinaire] 27/10/2024 13:49

Old adage

'Words alone are air - Money is actioning of words'

The most common theme on forums to be seen, is either proxies at work for TG1r's or those holding that need it to go up, but rather others do the buying

Hilarious

[putinaire] 27/10/2024 13:46

Im sorry but its more like 2 years, and validated by shorters.

No point trying to BS me. I watch real dealers via their live portfolios and each transaction ID provided to concur with books in any country.

The day you guys do that, is the day il believe you believe what you say haha




They also provide actual data and evidence.

That would be new here too

[leoneobull] 27/10/2024 12:51

The ohio report has been around for 3 years and has been debunked, not least in technical detail my Oakbloke

[putinaire] 27/10/2024 11:42

And that's where the pyramid forms. It is absorbing the future costs of others so they can keep B/Sheets looking pretty.

Obviously DEC would never be able to meet any of the true costs re leak containment, plugging etc..hence the atrocious accounting practises.

This will not end well.

Anyway bored of this thread. GLA

[putinaire] 27/10/2024 11:41

i did see one report, ie structuring DEC's accounts in a format standardised by industry, which would should massive losses. That report didn't even bother to adjust costs of containing real numbers leaking methane and so on

[putinaire] 27/10/2024 11:39

You could say, DEC was the dumping ground for low grade wells. In essence, removed future costs from mates? Could go much deeper but whats the point really

[putinaire] 27/10/2024 10:06

This lot are eking out rolling compensations for themselves, and , for sure, it is pyramid style.

[putinaire] 27/10/2024 09:59

Its not just a question of dodgy financial representations. But there are a few organisations now about to come to their conclusions on a lot of things which imo will have devastating reports on diversified. But as not yet concluded, i reiterate, just imo. Im not going through it all. Done it elsewhere.

The shorters seem well covered here.

[putinaire] 27/10/2024 09:53

Diversified Energy, the nation’s largest owner of oil and gas wells, does not have enough funds to plug its entire inventory of assets, research from the Ohio River Valley Institute shows. If Diversified or other companies that own low-producing wells in the region were to go out of business, states could be on the hook for billions in plugging costs since operators are not required to set aside sufficient funding for well decommissioning upfront.

“Diversified’s portfolio of low-producing wells, along with the 100,000 or more additional marginal wells in the region, represents a huge and looming financial threat,” according to report author and ORVI Senior Researcher Ted Boettner. “There’s an oncoming wave of soon-to-be-orphaned wells that could be offloaded onto the public, becoming costly wards of the state.”

Since 2017, Diversified has amassed tens of thousands of aging, low-producing oil and gas wells, earning revenue by eking out the little fuel that remains. States require the company to plug and abandon wells that no longer produce oil or gas. But Diversified has extended its decommissioning obligations and skirted plugging costs by employing uncommon accounting practices, the report finds.

“Diversified claims it can plug wells at a cost less than half the industry average. They claim their dying wells will continue producing at an economic rate for decades.” said report author and ORVI Research Fellow Kathy Hipple. “These unusual assumptions—as well as accounting practices that function to punt cleanup costs down the line—are not used by any other company in the industry.”

ORVI’s analysis also indicates that Diversified has used a variety of tactics to under-represent total emissions of methane, a potent greenhouse gas.

“Our investigation shows a pattern of startling drops in company-reported emissions after Diversified buys leaking wells from other owners. In Pennsylvania, wells purchased by Diversified log about 90% fewer emissions than the same wells under previous ownership. The company has flouted the regulatory system by publishing aberrant reports, exploiting legal loopholes, and skirting testing responsibilities,221; said report author Dr. Anthony Ingraffea, Dwight C. Baum Professor of Engineering Emeritus at Cornell University.

To help finance its business model, Diversified has capitalized on public subsidies and lobbied state and local officials. The company has received more than $250 million in Marginal Well Tax Credit funds since 2020, and unusual accounting practices have helped the company avoid standard industry taxes on most acquisitions. In 2021, Diversified paid lobbyist Larry Puccio, a close friend and trusted political ally of Joe Manchin, to urge the Senate to remove the methane fee from the Build Back Better Act. The fee would levy hefty taxes on Diversified’s many aging, high-emitting wells. Now, the company plans to market its well plugging services to well plugging programs funded through the Bipartisan Infrastructure Law.

[putinaire] 27/10/2024 09:47

2022 - But something highly relevant in there today



Diversified Energy: A Business Model Built to Fail Appalachia

[bountyhunter] 27/10/2024 09:20

Rusty: "The first footstep into the area of LNG export"
"the first is always the hardest"

My impression from the interview is that this could be just the first deal with LNG producers with DEC now in that market having stuck it's first LNG supply deal.

[bountyhunter] 27/10/2024 09:18

I've added the proactive video to the header, it's the first one of the two.