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
  +4.00p +3.60% 115.00p 1,226,011 10:27:25
Bid Price Offer Price High Price Low Price Open Price
110.50p 111.00p 113.00p 110.00p 110.00p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 30.93 3.51 5.18 21.1 582.8

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Date Time Title Posts
15/11/201809:55Diversified Gas & Oil592
24/7/201813:01Diversified Gas & Oil (DGOC) One to Watch -

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Diversified Gas (DGOC) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2018-11-17 16:17:499.4260.57O
2018-11-17 16:14:4410.3660.62O
2018-11-17 16:12:4410.43101.04O
2018-11-17 16:12:169.4880.76O
2018-11-17 16:12:009.5990.86O
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Diversified Gas (DGOC) Top Chat Posts

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 111p.
Diversified Gas has a 4 week average price of 108p and a 12 week average price of 103p.
The 1 year high share price is 130p while the 1 year low share price is currently 74p.
There are currently 506,806,087 shares in issue and the average daily traded volume is 252,956 shares. The market capitalisation of Diversified Gas is £582,827,000.05.
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.
lord gnome: Yes indeed. Not to be sniffed at. Seems to have encouraged the share price this morning.
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.
podgyted: Edison Investment Research - Initiation "Diversified Gas & Oil (DGO) has grown exponentially since listing on AIM in February 2017. The company’s acquisition-led strategy has enabled it to amass over 6.5m net acres in the US Appalachian Basin, taking net production to 32.5kboed in FY18, underpinned by a 1P PDP 393mmboe net reserve base. We see potential for further inorganic growth, diligent management of existing well stock and infill drilling in the event of a gas price recovery to provide a platform for further growth. DGO trades below our base case valuation of 138.1p per share, which excludes asset consolidation and the infill drilling option value. A 2019 6.7% dividend yield supports the current share price and investment risk/reward is skewed to the upside given the potential for further value accretive M&A. Key sensitivities include gas price realisations and cash operating costs." 23 pages - not read yet - free if registered. Yield figures below the above discussion.
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: Thanks Mirabeau. The last sentence answers my question. So dilution means share price likely to start lower on 17th. But pent up buying demand should soon see it bounce again. A possibility (assuming no great change in share price between now and then) of being able to top up lower on the 17th.
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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