Diversified Energy Share Discussion Threads

[lab305] 13/10/2021 09:37

Yes you are right. Having read the article again it is very biased and obviously picked the most damning photographs they could take. I haven't bought all back but enough for decent income and cheaper than I sold for yesterday.

[spawny100] 13/10/2021 09:22

Lol only 10 hours ago you said you'd lost a fortune and were happy to be out lab! Funny how sleeping on something can change our thinking. I was happy to be back in last night but happy to be out this morning.

[lab305] 13/10/2021 09:11

Bought back in under 103 average.

[farrugia] 13/10/2021 08:56

its a 'Green Bloomberg' article - what do you expect? Lots of drama. Give it a few weeks. It will quiet down. And the board of directors will likely try to mitigate matters a bit now they can afford to spend more. This is a nice play on Gas with an excellent dividend return.

[kibes] 13/10/2021 08:47

Describing the wells as a 'Climate Menace' is a particularly low blow as the amount of gas being released is miniscule and irrelevant. But it will attract the attention of the crazy green squad who will be out with their placards if they catch onto it. I don't like the way this is going and it is heading into a perfect storm when it declares a thumping great loss on derivative contracts due to rising gas prices.

[fardels bear] 13/10/2021 08:43

I wish I could share your faith, BH. I just think it's knocked a lot of people's confidence.

[bountyhunter] 13/10/2021 08:36

This will go back up after some volatility imo as it did last time. The yield is now above 11% with no tax in a SIPP and just 15% withholding tax in an ISA on completion of the W8BEN form as detailed in the header.

[spawny100] 13/10/2021 08:31

I'm out again at 105 after overnight consideration. I just don't trust the woke globalists and their climate catastrophe scam not to try to cripple this one now. Good luck all.

[lord gnome] 13/10/2021 08:18

Very interesting that you could sell 67k in one go on a day of panic selling. Somebody behind the scenes must have been hoovering up cheap shares. No MM would take that many shares on the book. They had to be certain of a buyer.Panic over? I certainly hope so. Nil desperandum. Onwards and upwards.

[johnhemming] 13/10/2021 08:06

I didn't sell any. In retrospect it would be nice to have sold some and bought back, but in the end I did a trade for my wife buying at 95.6. There are some late reported trades one assumes one buying at 114.

I have also bought at the open today at an average price of 103.

[fardels bear] 13/10/2021 07:40

Maybe it was a broker thing. I got 110.7 while the bid was 112 but for a no hassle single deal I just took it.

[fardels bear] 13/10/2021 07:37

I sold 67000 in one trade, so...

[lab305] 13/10/2021 07:19

Automatic trades would not work yesterday as the market reduced the size of trades right down and on many occasions I could not trade at all. Only through persistence over two hours did I manage to complete 51 trades but I tried around 150 times ,on many occasions continually reducing the order size. Getting rid of a lot of stock automatically would have been next to impossible.

[johnhemming] 13/10/2021 06:19

@fardelsbear
>FWIW, I think that if a single magazine article can cause the price to drop by 20%
then it's as risky as holding a wildcatting Explorer..

I think automated stop losses have a tendency to cause this sort of thing to happen.

[johnhemming] 13/10/2021 06:17

I don't think it will revisit 95. I am with sunbed44 on this. The OTC closed at the equivalent of 105. (USD 1.43)

[sunbed44] 12/10/2021 23:39

I would expect to see 110p at some point hopefully tomorrow and definitely by the end of the week. Should then see a steady rise back to test 52 week high.

[lab305] 12/10/2021 23:04

FB I don't often agree with you but today 100%. Several things have worried me over the last six months not least the placing . Today I sold out and lost a fortune compared with yesterday but was still ahead over the four years holding them. I was going to wait and sell if they got to a pound but when trying trades at 108p they would only deal 10k shares. I realized that if I waited I would never even get a pound. It took 51 trades of various sizes to sell the lot. I lost trust here over the last six months so am sad but content to be out.

[11_percent] 12/10/2021 22:37

Todays price action is typical of this type of "panic".

Down, then a pull back.

I would expect it to re-visit 95 at some point.

[spawny100] 12/10/2021 22:07

Some already did bounty! I now have nearly 10% more shares here than I did this morning after selling and buying back. I think probably many others did similar. Having reread the Bloomberg article I still don't feel entirely comfortable here so will watch how tomorrow pans out.

[bountyhunter] 12/10/2021 22:05

The yield is now 11.78(16c)*100/101.5 =11.6% with no tax to pay in a SIPP and just 15% in an ISA

[bountyhunter] 12/10/2021 21:58

Watch this recover some of today's loss tomorrow as those who sold today rush to get back in at this low level.

[sunbed44] 12/10/2021 21:27

More like some people demanded that they wanted to attend F2F

[gary1966] 12/10/2021 21:18

It was put back because of travel restrictions easing and so more people would be able to attend.

[sunbed44] 12/10/2021 21:11

It was a body blow and out of the blue for me. Could be a wake up for others buying legacy assets to develop. SAVE currently acquiring 20 year old assets from Exxon in Chad / Cameroon but their ESG strategy is light years in front of any others Ive seen. TXP are next best.This one (ESG strategy) does concern me quite a bit as Rusty waffled about it when he tried to explain. He hid a bit behind Capital Markets day which should have been early October but has been but back a month or so as we know.Its easy for todays article to cause a big dent but putting it right on CM day will prove very difficult.I think CM day has been put back as he will have known this lambasting report was being produced.

[fardels bear] 12/10/2021 21:01

FWIW, I think that if a single magazine article can cause the price to drop by 20% then it's as risky as holding a wildcatting Explorer..What happened today should not have been possible.. The fact that it did means it could again so reluctantly it's not for me..