Diversified Energy Share Discussion Threads

[bountyhunter] 03/4/2024 15:35

Dec in NY has been heading up since it opened.

[stevensupertrader] 03/4/2024 15:33

Nat gas drops back when US opens . Dec share price will follow the same direction

[kaos3] 03/4/2024 15:21

well - i did sell my long ng contracts and some oder gas producer - but not dec

the run was superb and has its limits...

much more to come ... but a small retrace will be healthy imho

[bountyhunter] 03/4/2024 15:11

HH Natural Gas, the US benchmark:

.......................

[stevensupertrader] 03/4/2024 14:57

20% unhedged gas seems to move SP

[stevensupertrader] 03/4/2024 14:52

Dec share price tracks Natural Gas Price .
DEC hedged 80% of its gas and the 20% unhedged and this 20% seems the share price .

[justiceforthemany] 03/4/2024 14:03

Nat gas +7% in 5 days.

[tsmith2] 03/4/2024 10:53

You mean they have started to reduce? Hopefully much more of it to come

[bountyhunter] 03/4/2024 08:41

Walleye have reduced their short...

[fordtin] 03/4/2024 07:28

justiceforthemany - this one looks like it's right up your Straße!

"The Billion Dollar Class Action To Stop Naked Short Selling In Canada"

Thanks to:-


markliddiard
3 Apr '24 - 02:58 - 37866 of 37866

Spread the word!

Repost!!

[bountyhunter] 02/4/2024 21:33

$12.54 close in NY, a tad off a tenner ($12.57).

[justiceforthemany] 02/4/2024 21:07

Up more than 3% in the US.

[bountyhunter] 02/4/2024 20:45

Only if you have completed a W8-BEN and hold in an ISA. Outside of an ISA the full 30% is deducted with nothing deducted in a SIPP with W8-BEN completed. At least that's my understanding. I don't think that the US listing makes any difference except for no stamp duty payable any more on LSE purchases so that's a bonus!

[spawny100] 02/4/2024 20:17

At risk of bringing up this old chestnut again! Iweb still deducted 30% wht. I was under the impression that it should be 15% now there is a US listing too?

[bountyhunter] 02/4/2024 18:45

Not that far off a tenner in New York now at $12.40.
$12.57 would do it.

[kaos3] 02/4/2024 15:02

interesting graph imho ... low natural gas correlation with the dec SP

hedging probably. but lots of space to improve some metrics imho



got my divi here in slovenia via german banks with 0 tax deduction

[cassini] 02/4/2024 14:35

As has been discussed to death on here many times, it seems to be that any broking operation that is an offshoot of a bank will not reimburse withholding tax properly.

Why that is, is more obscure. They will tell their disgruntled investors some BS like Isainvestor was given in post 8157 but that begs the question of why brokers that are not bank-derived seem to be able to refund all or some of the withholding tax.

The only explanation I have seen was on LSE ages ago (link in header I believe) that it is a licensing/regulatory thing and bank derived brokers simply haven't the mechanisms to refund withholding tax.

EDIT: Beaten to it by Bluemango!

[isainvestor] 02/4/2024 14:18

I too have been taxed 30%. When I chatted to the Halifax agent, they said that .....
Diversified Energy is a UK listed company. UK listed companies that pay US sourced dividends a 30% withholding tax is applied. I have a W8-BEN in place but that doesn't help.

[garycook] 02/4/2024 13:31

bluemango, Correct good memory. But to be fair HL have been paying back the 30% reduction,s since 28/12/2022,Only because I keep requesting it every quarter.It seems to be a problem for them, because I have a overseas address.But my. HL Personal details clearly states that. Residency tax status is that I am a Rest of the UK rate taxpayer. Guy called Oli Nevin as been dealing with this problem, and told me 6 months ago it was being sorted ? I even secure messaged him last week to inform of the due DEC dividend and for the dividend to be paid in full .Very complicated ,but you can be sure if I had not requested the 30% being refunded. HL would be pocketing the 30% ? The quality of the Admin over the last 10 years as gone downhill,and HL are taking ages to reply regarding this problem.

[huckers] 02/4/2024 13:25

Garycook. I'm with HL. I have been paid finally but HL have actually deducted the correct amounts (0% for SIPP and 15% outside). I have a WBEN form in place with them.

[bluemango] 02/4/2024 13:17

To be fair to HL, it's probably same issue as in January, GC. See below:

bluemango 10 Jan '24 - 00:20 - 7194 of 8153 Edit

Mine's in a HL SIPP and they correctly deduct zero tax, so all ok. From memory, aren't you a non UK resident Gary? Not sure on the rules in that situation but if so, it might have something to do with how they're treating it in your case.

[stevensupertrader] 02/4/2024 10:52

You can change the broker , still not late

[isainvestor] 02/4/2024 10:32

Me too. Halifax always late. Might have to remind myself why I went with them 7 years ago.