Diversified Gas & Oil Share Discussion Threads

[pireric] 28/3/2019 07:21

Trive are now looking to sell the majority/all of their stock.

*Corrected

[shanklin] 28/3/2019 07:14

117p placing price and dividend must now be over 10% at the current share price given:

"The Acquisition is expected to be immediately accretive to free cashflow and earnings, with an estimated increase in pro-forma free cash flow per share of 19%, with a greater than corresponding increase in dividend per share. "

[thegreatgeraldo] 27/3/2019 21:39

Sogoesit
27 Mar '19 - 18:24 - 915 of 918
0 0 0
Increases the average gross well production from about 6.0 mscf/day to 8.0 mscf/day or 33%.

..?? Decimal point in the wrong place? Wells to be acquired averaging around 1.2mmscfd?

[lord gnome] 27/3/2019 21:26

RNS before market opens tomorrow to confirm cash raised and at what price. After that, with luck, we should be off to the races 🐎 and finally kiss goodbye to 120.

To answer nimbo1's question as to why companies are selling such great assets, if they are shale drillers they are all short of cash and up to their ears in debt. They need to sell assets to raise cash.

[swindon41] 27/3/2019 20:12

1st impressions looks further high quality consolidation of DGOC activity across Appalachian basin and gas rather than oil which is future proofing cash flow albeit current low gas prices ( which is presumably reflected in A&M terms?) .....I'd hope that book build at modest premium but realistically expect around 115 given last two raises at 114 & 115 respectively. Long term looking strong for dgoc and investors. Move to main market and goodbye AIM ( tick) and pro forma dividend increase by c 20% so a forecast yield of 10% on current share price ( tick).

[podgyted] 27/3/2019 19:22

Has anyone else noted:-

"Pro-Forma Market Capitalisation Exceeds FTSE 250 Threshold"

Interesting

[sogoesit] 27/3/2019 18:24

Increases the average gross well production from about 6.0 mscf/day to 8.0 mscf/day or 33%.

Presentation here:

[bountyhunter] 27/3/2019 18:15

Another acquisition, $400 for another 20k boepd, no stopping this company!
🙂

[cfro] 27/3/2019 17:54

They will now have 90,000 boepd of producing assets. That is some production and cashflow!

[cfro] 27/3/2019 17:48

"This is yet another transformative transaction consistent with our ambitious and proven growth strategy. These are high quality assets that are synergistically compatible with our existing portfolio in terms of profile and geography. This package comprises significantly higher volumes per well than our previous acquisitions and achieve higher realised gas prices, resulting in a positive impact for the overall economics of the enlarged portfolio as we continue to reduce operating costs and drive higher margins. With an estimated net average production of over 90,000 boepd post completion, the Company will be established in the top-tier of London listed producers, supported by an extremely strong cash flow profile and a healthy balance sheet. We look forward to completing this transaction so we can turn our focus towards integration, an area of expertise that DGO continues to enhance with each acquisition that we complete. The Company's exciting growth journey continues apace and we thank our shareholders for their support and look forward to repaying their faith with long-term value creation."

[sogoesit] 27/3/2019 17:43

Well, reading the Edison note today was a waste of time.
I hope they issue their next note after the next acquisition then I might know where we are!

[nimbo1] 27/3/2019 17:36

The only thing that bothers me here is why are all the sellers so delighted to be rid of their assets with 'excellent' cashflow profiles at what look like good prices to DGOC. Other than that which niggles away at me everything looks excellent.

[croasdalelfc] 27/3/2019 17:26

Placing to acquire 20kboepd. $400m for £225m placing

[lab305] 27/3/2019 16:05

They can try Reptile . Another 10k at 1.1645 bought today. Post results and the Pennsylvania agreement momentum is building and any weakness will be snapped up.

[reptile3] 27/3/2019 14:12

Looks like it's bouncing back down to 1.09/10 to keep the traders happy!

[bountyhunter] 27/3/2019 14:00

Thanks, from the above:

Valuation: Base case at 162.7p/share

Assuming a quarterly dividend of 3.40c/share as declared is maintained; this implies an FY19e dividend yield of 8.8% at the current share price.

[podgyted] 26/3/2019 09:26

New Edison note:-

[thompsonminor] 26/3/2019 08:26

What will it take to push through the 120p barrier?

[cgequityinvest] 21/3/2019 08:24

Following the recent results Stockopedia has now rerated from a score of 48 (early Feb) to 93 (today).

It is also now classifed as a Super Stock (previously a Momentum Trap)!

Stocko is not infallible but the scores are a pointer to the improving quality of earnings.

[sogoesit] 19/3/2019 16:09

Mine is 51c assuming NIL Capex.
Say $20m in operating Capex equivalent to 4c gives 47c remaining FCF.

[croasdalelfc] 16/3/2019 11:43

Does anyone have a projection for operating free cash flow per share for 2019 ? Last year 0.23c

[nimbo1] 14/3/2019 12:25

Haha - well well done to the 104's : )

[lab305] 14/3/2019 12:20

nimbo1 the dip was to 104. Bargain of the year.

[nimbo1] 14/3/2019 10:53

I hope some of you braver than me took advantage of the dip to 107...nice to see it back comfortably quickly to the trend line.