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DGOC Diversified Gas & Oil Plc

120.80
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Diversified Gas & Oil Investors - DGOC

Diversified Gas & Oil Investors - DGOC

Share Name Share Symbol Market Stock Type
Diversified Gas & Oil Plc DGOC London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 120.80 00:00:00
Open Price Low Price High Price Close Price Previous Close
120.80 120.80
more quote information »

Top Investor Posts

Top Posts
Posted at 30/4/2021 06:15 by pro_s2009
Diversified Gas & Oil PLC (LSE: DGOC), is pleased to announce that the Board has declared an interim dividend of 4.00 cents per share in respect of Q1'21 for the three month period ended 31 March 2021.


Key dates related to the Q1'21 dividend include:

Ex-dividend Date:2 September 2021

Record Date:3 September 2021

Payment Date:24 September 2021

Default Currency:US Dollar

Currency Election Option:Sterling

Last Date for Currency Election:6 September 2021

DGO will pay the dividend in U.S. dollars while continuing to make available to shareholders a sterling election. For those shareholders who wish to receive their dividend payment in sterling, and who have not yet completed a currency election form, the Company has made available a dividend election form on its website at Shareholders who wish to receive sterling should submit the currency election form to Computershare Investor Services no later than 6 September 2021.


The sterling value of the dividend payable per share will be fixed and announced approximately one week prior to the payment date.
Posted at 27/4/2021 12:55 by thetrotsky
Barclays Smart Investor is a contradiction in terms and best avoided with a bargepole! The old Barlcays Investment platform wasn't brilliant, but they actually managed to upgrade to something that was far worse! They botched the transfer to the new system (some clients were locked out for weeks) and it's been downhill from there. The whole idea, as I understand, was to try and cross sell Barclays services to their investment clients (apparently a lot of their investment clients had historically only used their investment service), but, as far as I can see, all it's managed to do is to make it's investment clients leave in droves!
Posted at 27/4/2021 09:47 by lab305
I find the patience exhibited by investors on here extraordinary. Precisely nothing has happened now for almost a year whilst we have heard about very cheap valuations and opportunities many times. No wonder the share price is dribbling away . The dividend that we enjoy is negated against the capital loss that we are enduring and in the medium term not sustainable if we do not replace lost production from retiring wells. Surely deals should have been done last year when gas was cheap and cash available.
Posted at 02/4/2021 14:54 by thetrotsky
johnhemming, I think we've come back full circle! It's ironic; one of the supposedly "significiant" advantages of IFRS over previous accounting standards is its "focus on investors"!!! I understand your focus on free cash flow (FCF) but don't think it wise to rely just on FCF in isolation (cash flows can be manipulated). I would also point out that non-cash movements do not necessarily equate to unrealised profits/(losses). For example, share-based payments are (predominantly) non-cash movements recognised in the accounts but are nevertheless considered to be realised losses. Adjusting the annual profit only works so far; it's fine if dividends are covered by current year realised profits and both continue to increase each year in tandem, but it doesn't tell you what capacity the company has to continue paying dividends should current realised profits cease to cover the dividend for a period of time. It should, in theory, be possible to adjust the balance sheet each year to take out unrealised provisions, but that might be easier in principle than in practise. Ideally, you'd hope that somebody responsible for accounting standard setting will eventually cotton on and oblige companies to disclose their distributable reserves. If I'm honest, I'm not sure how many FDs do actually monitor their distributable reserves, but in their defence that might in part be due to a lot of companies continuing to prepare their internal accounts in UK GAAP and only converting them to IFRS for statutory accounts purposes ;-)
Posted at 20/3/2021 10:52 by dunderheed
TT / Gary - maybe I am coming from an informed viewpoint but the "accounting" involved is relatively simple concept and the "non cash" element has been highlighted in company accounts / presentations.
What more can you want?
If such concepts are deemed complicated - which only really includes non sophisticated PI's having that view (IMHO) then respectfully they should seek professional advice about this - to ascertain the "risks" attached (essentially opportunity cost of receiving market values when in excess of hedged prices) to such investments.

I think the company more than adequately covers the explanation of "financial instruments" involved and they are not accountancy lecturers?

I would imagine what has spooked investors more, again IMHO is the 7% depletion rates referred earlier and not opportunity costs of what they may be able to get in the market based on forward price curves!

All IMHO and DYOR, of course.
Posted at 16/3/2021 18:17 by lord gnome
johnhemming - I say it because I have seen it before, many times - doesn't mean to say it will happen, but if it quacks like a duck etc.....
The share price drips away day after day as insiders sell shares knowing that they will be getting more at a discounted price in the placing.
You have a good point about the mark to market losses on hedges, but professional investors and institutions should see past this. It only worries PIs. I doubt that this selling is from PIs.
Just my judgement. Make up your own mind. I am here for the long term and the income, so I am quite relaxed about it. I've been here before.
Posted at 24/2/2021 07:59 by johnhemming
If Biden brings up corporation tax rates again, however, then MLPs will have the pass through advantage restored.

From the article linked: "Still, MLPs are likely to continue appealing to a group of yield-chasing investors. A few months ago, Stacey Morris, director of research for Alerian, ran a stress test on MLPs by assuming that they cut distributions by 75%. She concluded that MLPs as a group would still sport higher yields than REITs or utilities, traditionally regarded as some of the best dividend payers.

MLPs are not about to go the way of the dodo. It's just that they are no longer the oil and gas safe haven they once were considered."
Posted at 19/2/2021 02:10 by lab305
The point is the dividend is sacred and is assured for the next couple of years at least. Try getting that rate anywhere else. What amazes me is that it has taken so long for investors to catch on.
Posted at 31/8/2020 08:31 by spangle93
I think you're right, Pro. I also believe that it should be pretty defensive should there be another downswing in the markets, as we get to see more clearly the damage from CoVid


This is more intended as a FYI for investors on the board here, rather than to spruik the stock, since I'm only a small beer player. But if you've got time on your hands on this UK public holiday, it might be worth having a look at I3E. Yes, that outfit that lost a lot of investors money in the North Sea, when Liberator'a appraisal well came up dry.

If you haven't followed the story, they've just executed an RTO of two companies in Alberta, transforming the company from being a North Sea explorer to a producer and developer through gaining >9,000 boepd of medium density oil and gas. The metrics of this acquisition are quite impressive, e.g.58 MMBOE of 2P reserves at <$0.5/bbl, or a purchase price of 1 years' cash flow, or a large tax recovery pool.... They intend to grow organically through development drilling if oil is above $60/bbl or through further acquisitions if lower than this. They identify that while Alberta is currently disadvantageously on the end of one long pipeline to export its oil and gas, other outlets will reach fruition in the next couple of years, allowing more of a price parity with WTI, and that they are buying a "maximum pain" in the market.

To use their words, they are
"targeting long life and low cost PDP assets with robust PUD inventories, with a focus on distressed, overleveraged or non core asset packages of high API/BTU production streams with low sustaining capex and decom exposure"

With this strategy, they expect to
"Begin issuing annual dividend between 20-30% of free cash flow (increasing to 40% alongside growth), reinvesting residual in PDP assets or low cost PUD reserves development"

Why I'm posting here is that it feels that their direction of travel is much more towards the DGOC end of the E&P spectrum - a north American-focused company generating free-cash and with a dividend quoted on a recent presentation to be 6% rising to 10% based on current prices

Of course, if they do manage to farm out their discoveries Serenity and Liberator in the North Sea, that could be a very tidy addition of upside value, but that's probably far less of interest to investors here

Anyway, just thought I'd mention it
Posted at 11/6/2020 16:25 by mo2550
OTC Markets Group Welcomes Diversified Gas & Oil PLC to OTCQXSource: PR Newswire (US)NEW YORK, June 11, 2020 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 10,000 U.S. and global securities, today announced Diversified Gas & Oil PLC (LSE: DGOC; OTCQX: DGAOF), an independent owner and operator of natural gas, natural gas liquids and oil wells as well as midstream assets in the Appalachia Basin, has qualified to trade on the OTCQX® Best Market.Diversified Gas & Oil PLC ("Diversified" or the "Company") begins trading today on OTCQX under the symbol "DGAOF." U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.Trading on the OTCQX Market offers companies efficient, cost-effective access to the U.S. capital markets. For companies listed on a qualified international exchange, streamlined market standards enable them to utilize their home market reporting to make their information available in the U.S. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws.Commenting on the new trading platform, CEO Rusty Hutson, Jr said:"As a U.S.-based company, Diversified is pleased to be joining the OTCQX Best Market, which provides greater visibility and access to U.S. investors and can further enhance the trading liquidity in our shares. The OTCQX Market offers a recognizable, efficient platform on which investors, particularly within the U.S., may trade our shares."Stifel Financial Corp. acted as the Company's OTCQX sponsor.About Diversified Gas & Oil PLCDiversified Gas & Oil PLC is one of the largest independent conventional producers in the Appalachian Basin. The Company employs a disciplined investment strategy focused on acquiring low-risk, long-life conventional and unconventional wells, enhancing operational efficiency to maximize cash flow and providing consistent dividends for its shareholders. Founded in 2001, the Company operates a growing portfolio of producing wells and midstream assets with the highest standards of safety, governance and transparency. For more information, visit Diversified online at www.dgoc.com.About OTC Markets Group Inc.OTC Markets Group Inc. (OTCQX: OTCM) operates the OTCQX® Best Market, the OTCQB® Venture Market and the Pink® Open Market for 10,000 U.S. and global securities. Through OTC Link® ATS and OTC Link ECN, we connect a diverse network of broker-dealers that provide liquidity and execution services. We enable investors to easily trade through the broker of their choice and empower companies to improve the quality of information available for investors.To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com.OTC Link ATS and OTC Link ECN are SEC regulated ATSs, operated by OTC Link LLC, member FINRA/SIPC.Subscribe to the OTC Markets RSS FeedMedia Contact:OTC Markets Group Inc., +1 (212) 896-4428, media@otcmarkets.com (PRNewsfoto/OTC Markets Group Inc.) Cision View original content to download multimedia:SOURCE OTC Markets Group Inc.Copyright 2020 PR Newswire

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