Diversified Gas & Oil Share Discussion Threads

[gary1966] 18/9/2020 17:18

39m UT at close, will be interesting to see who has bought/sold. Possibly a worked buy at 105p and would explain the price being walked down over the last couple of weeks.

[mo2550] 18/9/2020 17:16

Wonder who joined or added with a substantial 39 205 680 trade ....

[loafingchard] 18/9/2020 16:19

Joined you handsome lot today , have a good weekend all .

[lab305] 15/9/2020 09:06

Surprise surprise HSBC selling again and it looks like again this morning. They must be desperate with only six more days (four more trading days) to FTSE 250 entry. Predictions of strong demand after entry from the house broker. Bought more this morning @104. Bargain!

[pro_s2009] 15/9/2020 07:05

15 September 2020

DIVERSIFIED GAS & OIL PLC

("DGO" or the "Company")

Upcoming Dividend Exchange Rate

Diversified Gas & Oil plc (LSE: DGOC), the US based owner and operator of natural gas, natural gas liquids and oil wells and midstream assets, announced on 4 May 2020 a dividend in respect of the first quarter for the three month period ended 31 March 2020 of 3.50 cents per share ("Q1 2020 Dividend"). The Company will pay its Q1 2020 Dividend on 25 September 2020 to those shareholders on the register on 4 September 2020.

The Company announces that shareholders who have elected to receive their dividends in GBP sterling will receive an equivalent payment of 2.69 pence per share, based on the 10 September 2020 exchange rate of GBPGBP0.76867=US$1.00.

[pro_s2009] 11/9/2020 23:05

Decent buying into close. Think we have seen the end of the post-dividend selling. Should be onwards now into FTSE250 buying later this month.

And then per-dividend buying November.

Mid November would not be surprised to see a range of 130p to 140p for the share price.

[lab305] 10/9/2020 11:42

Another drop today against the grain of all the published research and fundamentals. No doubt HSBC or another institution has sold off more of the silver to satisfy redemptions. Dividend two weeks tomorrow will be ploughed back in at these prices.

[spangle93] 09/9/2020 08:20

Latest Edison review



Our updated base case valuation stands at 139.8p/share, up from 125.4p/share, on inclusion of updated EIA gas price forecasts from 11 August 2020,and updated operating costs based on H120 results and reflecting the impact of the Carbon and EQT asset acquisitions. We also update DGO’s hedging portfolio and dividend distribution. We forecast a FY20 dividend yield of 10.6%atthe current share price

[lab305] 07/9/2020 18:06

Also tipped again in the momentum investor at the end of last week . Still buyers .
Universal acclaim and the share is going precisely nowhere . Roll on official FTSE250 listing date.

[timchecco] 07/9/2020 07:52

Somebody who has full access to the article? Would like to read it all.

Thanks!

[pro_s2009] 04/9/2020 10:30

..........Imminent FTSE 250 entrant Diversified Gas & Oil PLC (LON:DGOC) is set for substantial new demand for its shares, according to stockbroker Mirabaud.

DGOC was today confirmed as one of the next additions to the FTSE 250 index, effective September 21.

It elevates DGOC’s stature in the market and will bring buying interest from index trackers, as well as ..............

[lew stules] 04/9/2020 09:24

It's a win win scenario here IMO
Either collect a decent regular dividend or benefit from an increase in the share price and reduced dividend.
As long as they can continue with a policy of returning funds to shareholders what is not to like?

[simplemilltownboy] 03/9/2020 19:06

Strange day on the markets. Trogjan on lse posted this earlierhttps://www.proactiveinvestors.co.uk/companies/news/928240/diversified-gas--oil-is-set-for-a-spike-in-share-buying-when-it-joins-ftse-250---broker-928240.html

[lab305] 03/9/2020 07:15

HSBC must be in trouble , selling off the family silver .Their share price says it all !

[lab305] 02/9/2020 23:46

Well done Pro . I was looking for confirmation around 6pm but couldn't find any. Let's hope some institutions start buying . I still think fund managers will be desperate to find stocks that pay a good reliable dividend and in this environment there are very few about. It would not surprise me if Dgoc now go straight to the top of the FTSE250 dividend payers table.

[typo56] 02/9/2020 20:59

DGOC makes it to the FTSE 250, effective 21st Sept. Could be some funds buying soon.

[tim000] 02/9/2020 14:16

Do people really trade shares pre- and post- the xd date? Obviously the share price fully adjusts for the divi once the share goes xd. Anyone paying tax on the divi would lose out by trading the share. I agree about the gas price - the note pro kindly provided a link to highlights the rise in the henry hub price recently for an upward revision of fair value to £1.50.

[pro_s2009] 02/9/2020 10:13

I think the primary driver to date is gas price rises and the dividend record date coming close.

You would expect some selling once dividend record date passes, however this may be taken up by funds buying in if DGOC is added to the FTSE250.

[spangle93] 02/9/2020 09:28

Would funds (active/passive) start to buy positions in advance of this - it's been no secret that DGOC, barring a slump, would be included in the FTSE-250 at the next change - meaning that this anticipation would be the driver of the price increase in the recent month.

Or is the primary driver to date solely the partial gas price recovery.

[simplemilltownboy] 02/9/2020 08:51

Thanks pro, hadn't realised the 250 inclusion results are realised close of play today. Bodes well for rest of September. Good find thanks

[pro_s2009] 01/9/2020 22:22

First Berlin Equity Research has published a research update on Diversified Gas & Oil PLC (ISIN: GB00BYX7JT74). Analyst Simon Scholes confirms his BUY recommendation and increases the price target from GBp 130.00 to GBp 150.00.

Summary:

Following the H1 results, we have revised our dividend discount valuation of DGOC shares to include both a higher dividend in the second quarter of USD0.0375 (FBe: USD0.035) than forecast and rising gas futures prices since ours Cover recording at the end of June. Based on a futures curve rising for the remainder of this decade and DGOC's existing hedge portfolio, we expect the company's realized natural gas prices (after the impact of cash-settled derivatives) to be in the USD2 range over the next five years .34 / mcf to USD2.57 / mcf will remain stable. This compares to our 2020 forecast of USD 2.30 / mcf. The full cash cost for H1 / 20 (after operating costs, investments, costs for closing wells and cash interest) was USD 1.36 / mcf. This indicates a free cash flow return on sales of at least 42% to 47% over the next five years (economies of scale should lower unit costs as the company expands). DGOC should therefore have enough firepower to continue the regular acquisitions that have secured over 95% of its current production since early 2017. The goal of DGOC is that no less than 40% of the adjusted free cash flow, defined as adjusted EBITDA (hedged) minus maintenance investments, interest expenses and costs for the decommissioning of wells, should be paid out as dividends. According to our forecasts, the payout ratio based on the current dividend level will be 43% this year and 44% in 2021. We therefore consider the current dividend to be sustainable. The combination of a dividend yield of over 10% and strong and stable cash generation confirms our view that the stock is significantly undervalued. In addition, the current market capitalization justifies the inclusion of DGOC in the FTSE 250 index. New index members will be announced after the market closes on September 2nd with effect from September 21st. Our recommendation is to buy with a price target of £ 1.50 (previously: £ 1.30).

You can download the full analysis here:


.

[thewheeliedealer] 01/9/2020 21:31

Hi all,

My mate Peter @Conkers3 and myself did a ‘Twin Petes Investing’ Podcast a few days ago and part of our discussion covers DGOC, which I hold. We also chatted about loads of other Stocks and the outlook for Markets as we move into Autumn.

Anyway, if you use Apple, Audioboom, Overcast or Spotify you can find it under the 'Conkers Corner' Channel (you want TPI Podcast 30) and you can find it on Soundcloud at the link below.

I hope you enjoy it and find it useful,

Cheers, WD
@wheeliedealer