Diversified Energy Share Discussion Threads

[sogoesit] 04/11/2021 13:31

A believer in Scientism says:

"(And you realise what scientific consensus is concerning the causes of catastrophic warming of the planet. I mean, you are familiar with this, yes?)"

[scrwal] 04/11/2021 13:19

CMD currently 17 Nov

[sunbed44] 04/11/2021 13:14

Does anybody know when capital markets day is. Bet the text for the day has changed a few times over the last few weeks.

[johnhemming] 04/11/2021 12:21

>Stifel makes the stock a BUY explaining that the company was taking steps to correct its emissions problem

The company has a good argument that by DEC taking over abandoned wells potentially with some government support then methane emissions can be reduced in a cost effective manner.

[r9505571] 04/11/2021 12:13

Stifel makes the stock a BUY explaining that the company was taking steps to correct its emissions problem

[brucie5] 04/11/2021 11:08

CASSINI3 Nov '21 - 16:00 - 1814 of 1821
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Putin recognises the madness overcoming western countries at this time - the Russians saw it all before in 1917 with the communists (communism is really a subset of 'woke', or rather, the other way around). The French before that, with Robespierre and 'The Terror'. It's always done for 'the common good'.
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Unbelievable. So you are an admirer of his excellency the Poisoner in Chief. On account of what? His readiness, surprise, surprise, to support Climate scepticism? that's pretty much all that's propping up the Russian economy - you realise that, right?

(And you realise what scientific consensus is concerning the causes of catastrophic warming of the planet. I mean, you are familiar with this, yes?)

Or do you admire Putin's destruction of what remained of democracy in Russia; or perhaps his trick of poisoning those who oppose him, at home and abroad?

Lots to admire there, for sure.

I just hope this isn't typical of shareholders in DEC.

[beetle juice] 04/11/2021 10:04

Is your investment going down the plug hole?

Diddums.

[1knocker] 04/11/2021 09:24

If future exploration and creation new wells becomes uneconomic, that will enhance the value of existing wells. Likewise the value of any (eveven rusty) existing pipelines if new ones are outlawed.

I guess the methane problem in Glasgow must now be becoming a major concern. So many trumpeting backsides must be producing a lot of it. I wonder if the delegates are issued with special COP26 trousers, with an additional fly at the back, so that their pronouncements can be heard the more clearly?

[kibes] 04/11/2021 09:14

I am still waiting with trepidation so see what sort of kick in the teeth COP26 has in store for the oil and gas industry. Tidying up methane emissions is sensible enough but I am expecting more trouble when it comes to future exploration and development. There is a ray of light however in that if development is throttled back oil and gas prices will most likely go through the roof as I don't believe for a moment that renewables are able to step into the gap particularly when the wind isn't blowing and the sun isn't shining. But I am not getting a warm feeling from owning 69,000 rusty wells and tie-in pipelines which may have leaks.

[johnhemming] 04/11/2021 08:11

>the planet’s apocalypse.
When I look at property I consider that the sea level is likely to increase by a few metres at some point. That is, however, what has happened over time and although it may be accurately described as being a consequence of CO2 emissions and it is also accurate to say that Methane has a greater impact than CO2 it is not accurate to describe this as an apocalypse in the sense of "the complete final destruction of the world" or indeed ἀποκάλυψις

However, talking about a smaller revelation I have a rough idea as to how much the methane fee would have been on 2020's sustainability report if it comes in and if DEC do not improve on leaks from that point. This is hard to calculate because of all the mixed units. I think it is more likely that DEC will do sufficient to really reduce the fee possibly to zero than it is likely that the methane fee will actually pass. However, we should be realistic in that it might pass. I have not sold any stock since I worked this out.

[wllmherk] 04/11/2021 07:15

Totally agree Sogoesit, it's straight out the Communist playbook,

wllm :)

[holts] 03/11/2021 21:35

I wish the Western countries would recognise their stupidity , evolution is fine , forcing it generally does not work given often the un-intended consequences .

[cassini] 03/11/2021 16:00

Putin recognises the madness overcoming western countries at this time - the Russians saw it all before in 1917 with the communists (communism is really a subset of 'woke', or rather, the other way around). The French before that, with Robespierre and 'The Terror'. It's always done for 'the common good'.

Here's his address given in Sochi, where he discusses this:

[1knocker] 03/11/2021 14:32

Never forget, when politicians are involved, its only the label, and meeting targets (at whatever cost) that counts.Of course your school is just fine. Its an academy isn't it and academies are good; it says so in the manifesto.

Herbivores and ponds emit methane (labelled planet enemy number one, so a target has been set for its reduction). Target at risk of being missed? Ponds emit methane. So just pay pond owners a subsidy to fill in ponds, or tax them on ponds. Ponds gone and a methane source eliminated. Job done, target met and no risk of a whine from Greta. Loss of habitat and bio-diversity? Irrelevant, no target there.

It is just as well our predecessors shot all the buffaloes on the Great Plains - just think where we would be if they had been left to fart away for another century and a half !! Grain farming (got to feed the veggies, even though they do fart a lot) and a dust bowl as a consequence? Stop trying to divert attention from the methane which has been eliminated ...go and shoot those ruddy great elephants whose methane farts are causing climate change in Africa - Africa must do its bit and meet itsmlethane reduction targets too.

[fardels bear] 03/11/2021 13:20

But that's nothing, is it? The roughest school in our local town is now an academy

[1knocker] 03/11/2021 12:40

I had forgotten how a few years ago a humble signwriter transformed our higher education system by rebranding polytechnics as universities.I shall take a leaf out of that book, by repainting the black door and retaining boards of my existing coal bunker green, and likewise the woodwork the new one when it is built. That way I shall both do my bit to save the planet, and win the approbation of of Greta and the prof. Win win.

[scrwal] 03/11/2021 12:21

At least the price is recovering.

The next bump in the road is likely to be a placing.
But this will be good as it should improve the metrics with increased earnings and more cash flow. I would use the cash to cover the dividend due on the extra shares , any loan obligations , the future costs of asset replacements with the remainder primarily allocated to ARO and extra maintenance costs with very little being spent on increased dividends.

Previously I thought what has happened may put the kibosh on a US listing but having seen what happened to Antero and Range yesterday it wouldn't surprise me if Rusty went for just a US listing.

[1knocker] 03/11/2021 11:38

I wish I had bought that coal six months earlier; it would have been a lot cheaper. Timing is everything in any market, but none of us gets everything right. Those of us who bought the dips can be pleased with our timing on recent purchases of DEV though. I am happy to say that I have now built my full holding, now the largest in my portfolio (but never go 'all in' on anything, none of us knows what is coming down the pike, the best we can do is to make informed guesses), and that my average price remains under 100. 99.2 to be exact. I hope we all enjoy many years of large and increasing DEV divis. I think we can all agree that whatever else may or may not be a 'benefit' such divis qualify for that description.

[eaglebeagle] 03/11/2021 11:35

Agreed. But you don’t know what a polyversity is clearly. Go DEC

[professor john koestler] 03/11/2021 11:23

Eagle

You obviously don't know enough to realise polytechnics in the UK ceased to exist a long time ago.

Please follow Pro and keep it to DEC from now on.

Let us all swallow our pride for the benefit of the thread, shall we?

[eaglebeagle] 03/11/2021 11:17

Thank PJK for your patronising and condescending attitude. I had no idea that I knew nothing. And yet having lived in 8 countries in my life including several developing ones and being a multi passport holder I do feel that maybe I do know something. Not as much as you of course, but maybe just a smidge. Can you tell me which Polyversity I should attend to learn at the feet of the great educators so I can catch up?

[professor john koestler] 03/11/2021 11:11

Well, seeing as climate change actually affects the investment it is rather difficult but I'll give it a try. I think I've said enough to upset the straights but put them straight.

Apologies...