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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 Shares Traded Last Trade
  -1.50p -1.31% 113.00p 660,392 15:00:46
Bid Price Offer Price High Price Low Price Open Price
113.00p 114.50p 116.50p 112.50p 115.00p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 30.93 3.51 5.18 20.8 613.2

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Date Time Title Posts
23/1/201910:21Diversified Gas & Oil740
24/7/201813:01Diversified Gas & Oil (DGOC) One to Watch -

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Diversified Gas Daily Update: Diversified Gas is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker DGOC. The last closing price for Diversified Gas was 114.50p.
Diversified Gas has a 4 week average price of 112p and a 12 week average price of 105p.
The 1 year high share price is 130p while the 1 year low share price is currently 74p.
There are currently 542,653,937 shares in issue and the average daily traded volume is 226,159 shares. The market capitalisation of Diversified Gas is £613,198,948.81.
lord gnome: Ok, so there we have it. 22 millions sold at 114p, which wasn't bad. We do however now have an overhang of a further 7 million shares that didn't find a new home. That will weigh on the share price for a while.
lord gnome: Surprised by the news, but if it clears out an overhang, it can only be good for the share price.
podgyted: Meanwhile 3 chunky buys have done a bit of good for the share price.
lab305: Best thing that could happen here would be a takeover. Assets are now worth way above the market cap and management has not such a high percentage since recent acquisitions . Their inability to resolve the decommissioning issue and keep shareholders informed with normal trading updates let alone produce a calendar of forthcoming events is dragging on the share price. Gas up over 33% in under two months and the share price falling is unnerving .
nimbo1: well perhaps the share price might wake up here at some point if the ng price continues to zoom ahead.
nimbo1: The problem dgoc have is their acquisitions have been too fast for the market to get its head around, I suspect this current half's results will have an impact. As rusty said in most recent results this half will be transformational. Not a problem for us though if we are still buying accumulating. My 18 month target is a 15% dividend from todays price and a share price starting with a 2.
lab305: From the recent Edison research...... We provide a base valuation of DGO at 138.1p/share based on a long-term Henry Hub price of $3.10/mcf (2022). We see potential downside to 100.4p/share based on a 15% decrease in gas pricing and equivalent increase in costs. Risk/reward remains skewed to the upside with a valuation of 176.2p/share based on a 15% increase in gas price, and materially higher on inclusion of option value for further M&A and infill. So they see DGOC at 176p if gas gets to 3.565. Today gas is 3.324 so it is already half way to their higher valuation . A share price of around 154p would probably be fair value therefore. There is a massive disconnect here.
carcosa: The IC article wrt dilution is misleading. Share price activity will not change purely as a consequence of the placing. It can change for other reasons such as investor sentiment, gas prices etc. All things being equal you can work out a fair price for the shares using a number of metrics. The following example, although crude, demonstrates what I am referring to. You can add it time value, finance costs or whatever but that would be nibbling around the edges of fair valuation. The following works out how many barrels of oil equivalent production is represented by holding one share. As you can see the current share price is 'about right' for post 17th July
kenmitch: Ditto Plootocrat. I’m not concerned about Institutional selling and agree with Carcosa on that. My question, still not answered, is on an important technical point that as an experienced investor I should know! i.e what will be the effect on the share price when the placing shares start trading on July 17th. There are a lot of extra shares to be absorbed. With a rights issue this is factored in and the share price marked down accordingly on the day the share goes ex rights. This does not happen with a placing and usually there is not this long delay before the placing shares are added and trading. I’ve only a half stake in DGOC and am keen to add, as dividend news alone appeals and high chance of good share price gains too, as long as future acquisitions are as wise. What I don’t want to do is add now only to find I could buy significantly lower on July 17th. My instinct is to assume little if any change in the share price then as if that was likely it would be getting priced in now. But would like to be 100% sure. So maybe a daft question but can someone confirm please?
bluerunner: Has anyone noticed in the past few days how DGOC share price appears to move out-of-sync to the trades?I.e. When there appear to be buyers, it goes down. And vice versa. Strange.
Diversified Gas share price data is direct from the London Stock Exchange
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