Share Name Share Symbol Market Type Share ISIN Share Description
Diversified Energy Company Plc LSE:DEC London Ordinary Share GB00BYX7JT74 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  -1.20 -1.14% 104.20 1,598,360 16:28:04
Bid Price Offer Price High Price Low Price Open Price
104.20 104.60 107.00 103.80 107.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 298.93 -100.01 -2.19 885
Last Trade Time Trade Type Trade Size Trade Price Currency
17:24:30 O 12,565 104.387 GBX

Diversified Energy (DEC) Latest News (2)

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Date Time Title Posts
30/7/202110:19Diversified Energy Company PLC - High Dividend Yield653
21/7/201021:10 The Paul Kavanagh Appreciation Society30
09/5/200710:38Disasters Emergency Committee: Tsumani Earthquake2

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Diversified Energy (DEC) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2021-08-02 17:29:51104.3912,56513,116.23O
2021-08-02 16:29:55104.2066,57669,372.19O
2021-08-02 16:22:54104.2066,57669,372.19O
2021-08-02 16:12:57104.664,5454,756.66O
2021-08-02 16:12:47104.2610,92211,387.71O
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Diversified Energy (DEC) Top Chat Posts

Diversified Energy Daily Update: Diversified Energy Company Plc is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker DEC. The last closing price for Diversified Energy was 105.40p.
Diversified Energy Company Plc has a 4 week average price of 97.20p and a 12 week average price of 97.20p.
The 1 year high share price is 131p while the 1 year low share price is currently 96p.
There are currently 849,546,161 shares in issue and the average daily traded volume is 3,487,240 shares. The market capitalisation of Diversified Energy Company Plc is £885,227,099.76.
bipos: Acquisitions are a vital part of DEC's strategy for protecting and growing its cashflow. There can be no guarantee that the group will be able to continue to source acquisitions at attractive valuations. Question if DEC made no more acquisitions could we not not carry on with present cashflow with the small decline of gas output each year for the next 50 years. Cashflow Boosted as loans outstanding get payed down, but dictated by the price of Gas. But with the dividend to match the cashflow (IF ANY). This risk paragraph in First Berline report sound like if DEC did'nt make any acquisitions the company might not survive. I am invested & I like DEC'S strategy & dividend income, but concern of the comment of risk by First Berline.
voci: "Dividend ? Oh yes . It will take two years now to get back to 1.21( price previous to the placing ) by way of the dividend if the share price stays as it is . Great." ----------- If the share price doesn't stay the same as it is and goes up, then there's capital growth in addition to the dividend. Great.
bountyhunter: Anyone would think we are buying gas not selling it! How high does the gas price have to go before the DEC share price rises from the doldrums?! (I know a proportion of production is hedged but not all of it and any new hedges can now be negotiated at higher prices.) 2021 90% hedged 2022 H1 65% hedged
cassini: DEC want to become a $2-3bln company, the only way to do that seems to be more big acquisitions and perhaps more 16%(?) dilutions at some point (the largest amount allowed without calling an EGM to vote on the placing IIRC). Our best bet is that DEC take note of the share price and don't try anything like that at this price level. That's why (everything else being equal) it's necessary to take advantage of this price dip to add other wise we could find the price effectively capped around $1.20? until this buying spree has achieved its goals. https://www.proactiveinvestors.co.uk/companies/news/955012/diversified-energy--goal-is-to-develop-scale-that-puts-us-up-in-2-3-billion-market-range--955012.html
asp5: My take on the current share price weakness is as follows: DEC is really an income stock play so is driven by dividend per share (dps) Given 16c per share divi and a 10% yield premium this equates to a $1.60 target price Taking the exchange rate into account this is approx. 1.14 GBP target In my view the yield premium that covers the inherent ESG sector risk for DEC is something that will fluctuate over time. We have also had a share dilution but not yet seen/received the benefit of an increased dividend from the deals closed. Once the accretive nature of the acquisitions is reflected in the divi then I expect the price to move back north accordingly. In addition until an increased divi is demonstrated there will always be a execution risk concern that the share dilution could impact previously strong dps growth. While not happy - I am comfortable with the current market movements.
fardels bear: There Isn't Enough Natural Gas to Calm Down a Global Price Rally(Bloomberg) -- Natural gas markets around the globe are rallying as the world's importers have come to a stark realization: there isn't enough supply to go around.A long, frigid winter drained gas stockpiles from Louisiana to Germany, and utilities are struggling to build them back up. But unforeseen supply disruptions and a rebounding global economy are making it impossible to keep up. That's setting up a desperate scenario as hot summer temperatures approach, and it's bound to get even worse when demand peaks this winter.Higher gas prices, which hit a 13-year high in Europe this week, will make it more costly to keep the lights on in Madrid or cool apartments in Tokyo, after scorching heat waves in some regions are already making it more expensive to run air conditioners. The cleaner-burning fuel is the latest commodity to add to the global inflation scare as the price of everything from crude oil to corn and copper surge.If a gas deficit does develop during the winter months, it could spur European utilities to burn more coal, which has already started happening, and cause China's power producers to curtail supplies to industries and cause blackouts like it did last winter. Households are set to pay sky-high utility bills and the worst-case scenario -- albeit unlikely -- is they won't have heating or electricity when freezing temperatures hit."Supplies are already very tight, and that could get much worse if there is a cold winter," said James Whistler, the global head of energy derivatives at Simpson Spence Young, an international commodity and ship broker. "We are seeing strong competition between Europe and Asia, and that is manifesting in the continuous rally."European gas prices have surged as inventories fell hit the lowest in more than a decade for this time of year, while rates in the U.S. and Asia have jumped to the highest seasonal level in years.The gas sector had long been segmented between geographical regions, but the ramp-up in new supply of liquefied natural gas and growing liquidity in spot trading over the past several years has helped transform it into a genuinely global market. That evolution comes at a price, as Europe and North Asia now compete for a finite supply of LNG, which results in bidding wars that catapult spot rates.At the center of the action is China, which in a surprise move is set to overtake Japan as the world's top LNG importer for the first time this year. China is stockpiling supplies of the super-chilled fuel in order to power its booming economy and help it shift away from dirtier fossil fuels."China's LNG demand in the past years keeps outperforming even the most bullish analysts," said Henning Gloystein, global director of energy and natural resources at consultants Eurasia Group.The mad dash is putting Europe at a major disadvantage, as Asian end-users increase prices to attract supplies away from the Atlantic. Europe -- where spot prices have rallied by more than 65% this year -- is facing thin gas inventories amid lower flows from pipeline suppliers and near record carbon prices.Europe's end-users have been forced to depend more on Russian pipeline supplies. Yet Gazprom PJSC's unwillingness to ship extra gas via Ukraine has been one of the key factors that has catapulted prices at the Dutch Title Transfer Facility, the spot benchmark for Europe, to the highest level since 2008."We see TTF prices rising for the remainder of 2021 as Asian LNG demand is robust," said Santosh Gupta, assistant manager at Drewry Maritime Financial Research. "I don't see a catalyst in the short term that would bring down prices."Indeed, the situation is made worse by the energy demands caused by extreme weather -- from last winter's bitter cold in Asia to the current heat waves in the Western U.S. and severe droughts across the globe that have curbed hydro output.With fresh memories of record-high Asian spot LNG prices last winter, the world's top importers in China, Japan, South Korea and Taiwan have been busy buying shipments for delivery between November and February, well ahead of normal, according to traders surveyed by Bloomberg. China's importers were scolded by the government for not being well prepared last winter and they don't want to make the same mistake twice, traders said.The Japanese government last month asked utilities to ensure stable fuel supplies this summer and winter amid forecasts for abnormally thin power reserves. Traders at Japan's biggest importers said that they have been under more pressure to stock up on fuel and even restart retired gas-fired power plants.There isn't enough fresh LNG supply to meet this growing demand. The market had become accustomed to a steady stream of new mega-export projects, but the industry is currently in the midst of a lull period, where the next raft of new supply isn't expected until the middle of the decade.In the U.S., the so-called Henry Hub futures prices have more than doubled over the past year to the highest seasonal level since 2014. Inventories are 5.8% below normal for the time of year, the widest deficit since 2019 on a seasonal basis, signaling tighter supplies for next winter.Winter OutlookShipping restraints could also add to winter woes. The odds of congestions at the Panama Canal are "very high," which will force U.S. LNG cargoes en route to Asia to take longer passages around the Cape of Good Hope or the Suez Canal, limiting availability, according to Oystein Kalleklev, chief executive officer of shipowner Flex LNG in Oslo.To be sure, there are a few factors that could help the global gas market avoid a crunch this winter.An early start of the Nord Stream 2 pipeline, which connects Russia to Germany and has faced delays because of U.S. sanctions, could add much-needed supply to Europe and help the region avoid a crunch. Still, while pre-commissioning work is currently under way, the timing of first flow remains uncertain.Likewise, a milder winter could reduce gas consumption and help utilities coast along with their lower inventory levels."Weather will have the final word on both price levels and volatility patterns," said Gergely Molnar, an energy analyst at the International Energy Agency.Meanwhile, traders may be forced to adapt to this volatile market as the supply deficit isn't expected to disappear anytime soon."Supply will likely remain tight for the next two or three years as the industry makes up for the lack of new supply investments in 2020 and catches up with robust demand growth," said Whistler
cassini: lab305, Well I feel your pain but at the present situation I don't consider the price drop as anything too concerning. Consider: #DEC telegraphed they would be making acquisitions back in January I think and the share price took a tumble then on account of that, but someone paying close attention would know they were coming in 2021. #They used a mix of share placement and debt which they have justified, at least on their own terms. #The placement had to be at a discount as placements always are, otherwise no one would buy enough shares. The share price dropped to the placement price, as it nearly always does. #Despite the unseemly haste it was done with, private shareholders had the chance to take part in the placement (at least in theory - although many didn't even hear about it until afterwards!) through that app or indeed just by buying in at the market rate the week afterwards. Of course, those without funds to buy at the moment are at a disadvantage. At least the placement is allegedly earnings enhancing from the start. #The placement was unfortunately very close to the next ex-dividend and that muntered any share price rise beforehand as 112p was like a magnet given how placements work #The ex-dividend date comes along and the weird dynamics of how the DEC share price works at divi time ensures a bigger drop than the divi - as usual. I hope that all we have to do here is sit tight and weather this one out. I'm not worried. I bought some more near 112p so hope I'll benefit from all the faff in the long run.
cassini: Brucie5, That's the thing about high dividend shares, they tend to be low-to-no growth. DEC is a bit of an oddball compared to most high dividend stocks in my view - instead of being large, old players in a saturated market, they're fairly new and are actually growing by acquisition, but they're in a sort of lowish-risk 'dead-end' business where they milk the last gas out of old wells. That and the hedging strategy I think means there won't be much share price growth, but I think some, enough to outpace inflation. Price growth comes with higher risks and DEC seems to try and hedge out as much risk as possible. It's true that companies that have dividends exceeding 10% are at a much higher risk of failure normally, but I believe (hope) that DEC's unusual business model means that doesn't apply here. Don't they have a policy of not paying out more than 40% of income? I believe that 'Stockopedia screen' suggesting risk of bankruptcy isn't based on an analysis of DEC itself, it's just a general observation on companies which reach double-digit dividend returns based on when a share price crashes due to poor company performance yet the dividend used to calculate yield is the historical dividend - which usually gets cut or eliminated when divi time comes around again. Since I'm buying DEC for baseload income like you, low growth is fine by me. I need some level of reasonably predictable income from my SIPP. In a world where the 1% return on premium bonds is considered good for a cash account, getting 10% looks very attractive. I'm just about to buy some more. Since I sold at 123p before the dividend (yes, I missed the top) and bought back in at 115p afterwards, I'm not too fazed by the latest price drop.
johnhemming: lab305 "If they are doing so well as you imply how is this ?" Lets start with the fact that I am a value investor. I invest in a company because that makes me entitled to a share of the profits and potentially any dividends. The share price is a short term thing. Ideally I buy things cheaply and sell them at a higher price. This company has a relatively unique hedging strategy which meant that last year when its price crashed in fact it was essentially protected against the price reductions. I bought some at about 1.20 in 2019 and I bought more when the price crashed and my average price is 85p. The stock is essentially partially hedged against inflation and commodity increases (because it is also hedged against commodity decreases). It is, therefore, a bit like an index linked bond (only a bit, however). So if we value it on yield it should be more like £2 rather than £1.10. However, people have not built the confidence in the market for that. In part the fact that there was a reduction in the value of the hedges that had to be declared as a loss is also part of that. It is slightly complicated understanding the valuation of the stock. Hence it is a buying opportunity at the moment. I have a reasonably big holding, but if the price remains this low when I have made some profits on other stocks which I am holding whilst their price goes up I will recycled some of that into this stock.
cassini: Before we compare the share price from two years with that today, we ought to bear in mind there was a pandemic and collapse in consumption in the way, yet DEC has fared much better than the likes of BP or RDSB in terms of share price. Also there was that report on the costs of decommissioning wells that weighed on DEC, which may have been just a bit of political activism...
Diversified Energy share price data is direct from the London Stock Exchange
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P: V: D:20210803 05:32:24