Diversified Energy Share Discussion Threads

[johnhemming] 17/11/2021 07:04

I think this will work better.



The CMD is at 2pm GMT and I will see if I can put the link for registration here before the event. At the moment I don't have the link.

[carcosa] 17/11/2021 06:19

"A big turnout for the start of the @DEC_PLC Capital Markets Day(s). I’ve already had a chance to meet head of production and a sneak preview of some of tomorrow’s papers to be presented."

(Tweet from Malcolm Graham-Wood

That's positive, I think!

[scrwal] 16/11/2021 16:06

Don't think they will go for those as they appear to be early life with high production declines still possible.
Also DEC looks for vertical wells which have much longer life spans.

[scrwal] 16/11/2021 13:25

The First Berlin does throw up something of concern if you read the cash flow statement on page 9 - ignore their error labelling the last column 2022E when it should be 2023E - but there is no dividend payment for the $144,143,000 paid.
I can only assume that it is included in the Repayment of borrowings figure - if not then there is another error in the figures because the year end cash is obliterated and plunges into a massive overdraft.
The Free Cash Flow shown is in line with that quoted in their figure 4 on page 5.

Apart from the above snafu the report makes for very positive reading - I don't believe it takes into account the sale of the Haynesville undeveloped acreage.

[johnhemming] 16/11/2021 07:55

I think First Berlin 1.50 and Peel Hunt 1.72 are both independent of the company. Interestingly First Berlin partially confirm my figures on the Methane Tax (I assume a threshold as well).

[sunbed44] 15/11/2021 21:28

That will do for me mate. Sold up in a couple of my distribution shares today but added a few here. Will be keeping this in the medium to long term for the income mainly but would also hope to see some capital growth from here by the time I come to reduce / sell up.

[pro_s2009] 15/11/2021 20:34

New First Berlin note out on DEC.



.

[1knocker] 15/11/2021 14:17

It may take a bit of time for the dust to settle. Also, I have long wondered whether some prospective purchasers are actually frightened off by the div yield, fearing that it comes in the 'too good to be true' category. In the meantime, we can buy cheaply and enjoy a stocking income, with the prospect of an eventual market re-rating as the icing on the cake. All good.

[scrwal] 15/11/2021 09:32

All the researchers have always had much higher price targets than the market but that has had no effect on making the price move to a more realistic level.
I think the likelihood of a future share placing plus maybe the market views this as a dividend play have held it back , ignoring the methane issue which seems to have more effect on the UK market than the US.

[lab305] 15/11/2021 08:03

Cenkos increase price target to 168p. Buy.
through the monetisation of undeveloped upside potential. We increase our price target following the transaction to 168p, a c60% premium to the current share price. BUY. ◼ Efficient Asset Management DEC has announced t

[johnhemming] 15/11/2021 06:45

House vote this week. Senator Manchin still not persuaded.

[redtom1] 13/11/2021 08:55

John,
This was the email I got from the VP of IR two days ago "The event is not being broadcast live. We will post a replay of the webcast to our web site after the event. Thank you for your interest in Diversified."

I complained about this and I received another email last night saying "The event is indeed being webcast. You can register on the morning of the event at our website. I misstated this to you earlier. I misunderstood something from the webcast vendor about a technical delay. On further investigation the delay is only 15 seconds or so. My apologies for the confusion."

Very Strange!

[johnhemming] 12/11/2021 16:53

There will be a link on the day.

[sunbed44] 12/11/2021 16:26

How do you register mate

[cassini] 12/11/2021 16:23

Some folks on my street cover over the wall air grilles that allow for cavity wall and underfloor (suspended wooden floors) ventilation, to try and eliminate draughts.

Can't help but wonder what their underfloor joists and floorboards look like after years of sitting in what must approach 100% humidity from the earth beneath their house.

Some are very old and don't care, even if they know it isn't good practice - the house will see them out...

The other good one is many people leave a toplight(s) open often even in winter to let the house breathe and get rid of the moisture and condensation. Makes a mockery of keeping warm air in, especially in houses designed for low air turnover, but stops the miasma and condensation building up inside.

I wonder how eco-houses tackle this - dehumidifiers as standard?

I'll never be able to turn my pre-war semi into a low air-turnover house, simply too many air leaks built in as standard, but I plug up the most egregious ones.

[johnhemming] 12/11/2021 16:19

@redtom1

"I note that DEC have canned the live webcast of the CMD next week. That seems like an IR own goal. Why will they not less us listen in real time?"

I understand from DEC that the live webcast is continuing and anyone can register. I checked.

[aleman] 12/11/2021 15:59

One month - Dec 21


free stock charts from uk.advfn.com


Two Year - Nov 23


free stock charts from uk.advfn.com


5 Year - Nov 26


free stock charts from uk.advfn.com

[1knocker] 12/11/2021 13:37

Be grateful for small mercies Spangle. For once the listed building regs may be a boon.I worked for 41 years in a 17th century building with draughty sash windows. My first room was heated by a gas fire and my second only only by a portable electric heater ( both switched on only during office hours for fire safety reasons). During that time I lived in a 1930s solid brick house, heated by two cast iron glass fronted coal stoves (filled full load in the morning and a half fill last thing at night, ash removed once a day) which ran continuously throughout the winter, consuming just over 3 tons a year of smokeless fuel between them. No heating upstairs, but downstairs doors were left open at night to let the heat rise. No damp problems at all (unlike our centrally heated neighbours) and two days off sick during those 41 years.The children's School attendance record was pretty exemplary too. I (and they) did learn to dress quickly on getting out of bed though, or bolt downstairs with our clothes to dress in front of a fire! Final bonus, magical ice lowers on one's bedroom window some mornings.

[r9505571] 12/11/2021 12:35

Is that a tasty big buy I see went through there at 11.27?

[johnhemming] 12/11/2021 12:16

"For DEC to be making these moves it shows the clear commitment for them to be addressing this important issue and I expect to hear much more next week at the Capital Markets Day, which I will be attending. Having spoken to them in the past, their adherence to ESG is extremely strict and they would expect to be industry leading players in this regard.

"I am expecting this to be at the forefront of next weeks presentations in addition to reminding shareholders of the success that DEC has had operationally and through acquisition which has made an enormously valuable company and one I expect to continue to grow faster than its peer group.



"This is another clever move by DEC as they, along with Oaktree have sold a package of assets from their acquisition of Tanos assets in August 2021. Selling assets from the undeveloped Haynesville assets bought extremely cheaply and then managing to derive added value by sales such as these adds to the credibility of the model.

"As Rusty Hutson points out this increases profitability from further acquisitions that they regularly point out are to be found in a number of hydrocarbon basins across the US and their experience shows that they are a step ahead of the competition each time they complete a deal, and then some afterwards.

[redtom1] 12/11/2021 11:45

I note that DEC have canned the live webcast of the CMD next week. That seems like an IR own goal. Why will they not less us listen in real time?

[spangle93] 12/11/2021 11:34

I live in an old building, with sash windows which give plenty of "ventilation" aka heat loss on a windy day like today, and plenty of condensation to mop as you note.

Because it is listed, there is little I am allowed to change.

I am curious to know whether all the listing restrictions will be overlooked to meet the target of replacing all gas-fired boilers with air-source heat pumps, which don't work efficiently on houses like mine anyway.

I appreciate, and recognise the need for, changes in the way that we interact with our planet, but surely some joined up thinking could be applied, rather than issuing initiative targets that appear to have no logic

[johnhemming] 12/11/2021 11:24

"The methane fee outlined in the Build Back Better bill only applies to petroleum and natural gas systems, not to the agricultural industry.

On Sept. 22, Congressman Markwayne Mullin, a Republican representing Oklahoma’s 2nd Congressional District, penned an op-ed about President Joe Biden’s “Build Back Better” infrastructure bill. In the column, Mullin claims, “the legislation would impose a ‘fee’ on all methane emissions, including in our agricultural industry.”



" The estimated CH(4) emission rate per cattle, buffaloe, sheep and goat in developed countries are 150.7, 137, 21.9 and 13.7 (g/animal/day) respectively. "

Which over a 20 year life would be about 550kg of methane per cow. With a methane tax of $900 that would be $495 per cow.