Share Name Share Symbol Market Type Share ISIN Share Description
Diversified Gas LSE:DGOC London Ordinary Share GB00BYX7JT74 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.50p -0.41% 121.00p 120.50p 122.00p 123.00p 120.00p 123.00p 801,277 16:35:06
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 30.9 3.5 5.2 22.9 613.24

Diversified Gas Share Discussion Threads

Showing 401 to 425 of 425 messages
Chat Pages: 17  16  15  14  13  12  11  10  9  8  7  6  Older
DateSubjectAuthorDiscuss
22/9/2018
17:08
Lab, you have to zoom out. Look at the long term charts. This company is doing great. The stock has climbed from 100 to 120 in 3 weeks. Let's wait for the info regarding the decommissioning. I don't think it's any thing to worry about. The dividends are fantastically strong for the share price right now. There are some private investors left, me included. Thanks for the update on gas prices, but I dont see these making a difference to profits for a while yet... Hold tight. Rome wasn't built in a day!
jq1984
22/9/2018
16:28
basem1 you may be lucky but if a favourable announcement on decommissioning appears then straight back to 130p hopefully. Since we are told that it is imminent I would rather be in at this point. Besides that the dividend gives the stock a very good reason to hold. Good luck.
lab305
22/9/2018
15:20
Lab - you'll be surprised just how much buying there can be once it starts to move. Its at the very top of my buy list but hoping to squeeze another 2-3p to the downside.
basem1
22/9/2018
13:14
Lab they’ll be here when share price is 2 pounds and divi 5 percent don’t worry. Thanks for the update ref oil and gas prices
nimbo1
22/9/2018
12:48
Share price has gone nowhere this week however gas and oil prices both up . Gas up stunningly from 2.75 to 2.97 in under a week. US natural gas stocks very low and winter on the way. Points one way to me. Only downside is that the pound has strengthened against the dollar but should reverse with Brexit deal looking more doubtful. I am sure as I have said before many private investors have sold out hence the lack of comment on this and other boards. Shame as there should be much more upside. Beyond some favourable weekend press I cannot think what will bring them back.
lab305
17/9/2018
12:35
CEO interview and Q&A to discuss their half-year report, pipeline and what to expect in the next 6-12 months. INTERVIEW - http://bit.ly/2CVGZvn Q&A - http://bit.ly/2NimCx3
astonedt
15/9/2018
17:24
IC results write-up this week: “No pause for Diversified Gas & Oil ALEX NEWMAN As is now standard for Diversified Gas & Oil (DGOC) given its rate of dealmaking, half-year numbers landed obsolete-on-arrival. In the first half of 2018, production averaged 19.3kboepd (thousand barrels of oil-equivalent per day); by July, following the acquisition of three separate portfolios of conventional assets, that had tripled to 60kboepd. A jump in the main credit facility to $1bn (£770m), and another equity raise, further obscure matters. In fact, the most useful financial metric to investors at this stage might be the second-quarter dividend, which was raised 62 per cent to 2.8¢ a share, and suggests the new wells are already generating the levels of cash management hoped for. So can we expect Aim's largest producer to pause the deal-making, if only to allow investors to understand their company’s current financial picture? In short, no. “In a normal world, where acquisitions came to you on a normal course, I would say that may be a fair request,” chief executive Rusty Hutson told us. Where capital has flowed into or consolidated within shale basins, there is now often a need to find spare cash or synergies via 'non-core' conventional acreage sales. For Mr Hutson, this dynamic continues to generate “a plethora of great assets in the market that have tremendous value”. On average, analysts expect earnings per share of 6.75¢ this year, and 12.7¢ in 2019. DIVERSIFIED GAS & OIL (DGOC) ORD PRICE: 111p MARKET VALUE: £560m TOUCH: 109.5-111p 12-MONTH HIGH: 130p LOW: 69p DIVIDEND YIELD: 5.5% PE RATIO: 18 NET ASSET VALUE: 60¢ NET DEBT: 43% Half-year to 30 Jun Turnover ($m) Pre-tax profit ($m) Earnings per share (¢) Dividend per share (¢) 2017 (restated) 10.9 29.4 24.0 2.0 2018 58.0 21.4 9.0 4.5 % change +432 -27 -63 +127 Ex-div: 29 Nov Payment: 19 Dec £1=$1.30. *Refers to Q2 dividend of 2.8¢; Q1 dividend went ex 12 Jul, and will be paid on 24 Sep. Reports of rising plugging costs in Pennsylvania – which caused the shares to drop over the summer – were “completely overblown” says Mr Hutson, who hopes to resolve the matter with the state soon. Worst-case cost scenarios are manageable, and don’t dent our income-themed original buy call (58p, 16 Feb 2017), which already yields 13 per cent if you annualise the quarterly dividend. Buy. Last IC View: Buy, 125p, 4 Jul 2018”
sogoesit
14/9/2018
13:30
Realisation of value dawning... always a bit of a lag on news but good to see some catch-up now. Good luck folks.
sogoesit
14/9/2018
11:49
Also, somewhat amazingly, in the top 10 MomentumRank stocks on Stocko
podgyted
14/9/2018
11:45
HSBC taken 9% stake.
podgyted
14/9/2018
09:49
i agree with you - just listened to the presentation. In this environment there is no way investors will allow a 10% yield to stick around for long. The period we are currently in will be the transformational one they say so I expect amazing figures next time round.
nimbo1
14/9/2018
07:24
I've now had chance to listen to the actual broadcast presentation to analysts of the results - see below. I'd recommend listening to these as they can throw up some off the cuff remarks which are enlightening (similar to BKS' recent PI World video of their results)...Rusty's comment on the EQT purchase concluded in July (ie. not in H1 figs) is really, really bullish which reading between the lines could lead one to think that the figures at year end 2018 and rolling on into 2019 will be even better than forecast. hTTp://webcasting.buchanan.uk.com/broadcast/5b800ba90f6d547ed12e613c/5b9b3da44a61c3191e0005b2 Does anyone have any up to date analyst projections? Stockopedia has f/c 2019 eps 17c (approx 13p) and divi 12c (9.2p) Investors Chronicle in their buy reiteration and bullish tip of yesterday are, as is often, behind the curve at f/c 2019 eps 12.7c (9.77p) although they do state, to be fair, this is from an average of analysts. Personally I think Sogoesit's 12p divi suggestion for 2019 is definitely acheivable and I'm looking for a 200p target share price by end 2019 which with divis on top would be a fantastic return. BLIMEY, i thinkj I've just convinced myself to increase my already large holding...the risk reward is definitely to the upside here IMV. GLA
blueeyes13
13/9/2018
23:35
You are both correct but any positive publicity is good and raises the profile. Some positive weekend press articles would help.
lab305
13/9/2018
22:40
Agree your lordship. Also, since when has DGOC been an “explorer̶1;?
alter ego
13/9/2018
22:30
'Diversified will start paying dividends in September'.... usual Motley Fool standard of journalism. Sad really to see how it has deteriorated over the years.
lord gnome
13/9/2018
19:54
And also Motley Fool....... US-based gas and oil producer Diversified Gas & Oil (LSE: DGOC) is up 4% today after delighting investors with a strong set of results, including a near sixfold increase in revenues to $58m. Nicely Diversified The AIM-listed £585m group, which has a focus on the Appalachian Basin, is up 52% in the past year, and today’s results for the six months to 30 June suggest the momentum could continue. It has materially increased production through acquisitions, including Alliance Petroleum for $80.7m in March, $89.3m of conventional assets from CNX Resources in April, and $575m of gas, oil and midstream assets from EQT Corporation (the largest acquisition by an oil and gas company in the history of AIM). Right balance Average daily production was 19.3 kilo barrel of oil equivalent (kboed) over the period, hitting 60 kboed in post-period July. It also revealed strong adjusted EBITDA margins of 40% and “significantly strengthened balance sheet and liquidity”, with $439m of new gross equity raised. It now has an enlarged credit facility of $1bn, with a $600m committed borrowing base. Overall, it has a strong liquidity position of $187m. CEO Rusty Hutson hailed “a period of transformative growth” with acquisitions boosting production by more than 90% without risking the balance sheet. He said the real impact of the group’s “game-changing acquisitions” are still to come, in materially increased cash flow, lower costs and enhanced EBITDA margins. Diversified will start paying dividends in September and City analysts forecast a yield of 7.4% for 2018, and 8.3% for 2019, alongside whopping earnings per share (EPS) growth of 28% this year, and 86% in 2019. A lot can go wrong with AIM-listed energy explorers but this looks an intriguing option.
lab305
13/9/2018
08:48
IC small update. the reaction to half year results from Diversified Gas & Oil (DGOC), Aim’s largest hydrocarbon producer (by volume), has been more positive. Though obscured by the timing of the EQT Corporation acquisition, production has stepped up materially – from a first half average of 19.3kboepd (thousand barrels of oil-equivalent per day) to 27kboepd by June and 60kboepd now. And for those who have bought into DGO’s income case, the 62 per cent hike in the second quarter dividend – from 1.73¢ to 2.8¢ per share – is another source of reassurance. Under review.
lab305
12/9/2018
15:09
Following my post yesterday, I'm now back to my full holding I previously held before selling down half. 15% of my SIPP pf and looking forward to the high and growing divis plus some decent capital growth the next few years fingers crossed. A 10p divi next year will give me over 10% on my average buy price, happy for that to compound over the years. That's the plan anyway! :-) GLA
blueeyes13
11/9/2018
14:05
Shorter interview ith Rusty [...]
melody9999
11/9/2018
12:04
hxxps://d1io3yog0oux5.cloudfront.net/_b0f0f59acd067608461f430a393da220/dgoc/db/460/3380/file/DGOC+-+IR+-+Earnings+Presentation+-+2018H1+Earnings+vFINAL.pdf here is presentation from today - quite compelling for a slot in anyones income portfolio imo
nimbo1
11/9/2018
09:07
I keep buying more, want to get to 100,000 shares...10% yield should pay for a few bills : )
nimbo1
11/9/2018
08:59
Yes, lab & blueeyes, it was the well plugging "issue" that done it! Partly the problem of the company. Non-US-centric shareholders not given enough explanation/education on US practices, and costs, imo. Have been accumulating too. It's a "dollar income play" for me so my main concerns are (gas) price and production decline. Good luck.
sogoesit
11/9/2018
08:45
I agree. I sold down half my large holding in 2 tranches, one near peak and rest on the rns mentioning decommissioning which spooked me a little. Just bought 50% of what I sold back this morning and fantastic yield ahead. I also now have a large holding in Serica so have very large exposure to gas price but relaxed with large holdings in both. Onwards and upwards for DGOC, H2 2018 and onwards should be very rewarding for shareholders all being well.
blueeyes13
11/9/2018
08:36
Sogoesit I agree. Bought more this morning. It is very frustrating as the share price is so low but on the other hand a good opportunity. The almost zero interest on this board illustrates the problem. There are few private investors left and they don't seem to have any backbone.A bit of profit and they are gone !
lab305
11/9/2018
07:51
The 2.8c dividend may be only part of a ramp up so the annual forecast dividend could be over 10p given the exit production rates of 60k boepd and the “enhanced margins”. I will have to do some figures but the share price near term looks good value at over 200p forecast TP. Or am I too optimistic? EDIT: on tripling EBITDA on back of tripling production at 40% payout 12p pa is within reach within 12months. Awarding it a 5% yield gives a TP of 240p.
sogoesit
Chat Pages: 17  16  15  14  13  12  11  10  9  8  7  6  Older
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