Diversified Gas & Oil Share Discussion Threads

[lord gnome] 09/3/2020 12:07

Good to see Rusty voting with his wallet. Just cursing myself for adding in the 90s and debating whether to add again.

[rik shaw] 09/3/2020 07:51

from todays results

'Hedging programme that protects cash flow with:

-- 90% of 2020 production hedged at a floor of $2.70/MMBtu

-- 66% of 2021 production hedged at a floor of $2.66/MMBtu

[mo2550] 06/3/2020 19:02

Interesting to note Cabot oil & gas producer (COG) NYSE share price climbing today - they also operate in West Virginia - will there be a similar pattern with DGOC on Monday ?

[rik shaw] 05/3/2020 17:27

If you want to be baffled by information take a look at the investor presentation dated 3 March 20 on DGOC website:

[alotto] 05/3/2020 16:38

Something is inherently going wrong here. I am not sure if anyone in the know is taking care of their funds before an announcement is made

[janekane] 05/3/2020 14:49

Have we been invaded by the biggest short trader

[simplemilltownboy] 04/3/2020 16:58

Huge sells at 1635 over the last few days. I'm in it for the divi. Given the hedging for this year this divi should be safe, unsure on the next years outlook but good to know that 50 per cent is hedged for 2021. GLA

[alotto] 03/3/2020 16:07

The dividends are very high at this price. Shame I bought at over 110p

[alamaison5] 03/3/2020 15:41

EX-Divi on the 5th chaps

[lord gnome] 21/2/2020 08:05

It's spam.

[alotto] 21/2/2020 08:03

I cant read the tweet. can you summarize for me please? (or copy and paste)

[alotto] 20/2/2020 13:10

I hope we will see that 150p per share
Thanks for sharing

[spangle93] 20/2/2020 11:26

Latest Edison view available at

[lord gnome] 19/2/2020 13:10

Helped myself to a few more this morning. That last, large buyback looks to have taken out the stock overhang. Hopefully the share price will recover from here in quick time.

[alotto] 15/2/2020 14:20

good stuff. thanks for sharing

[lab305] 15/2/2020 09:46

What the broker says: Mirabaud
"Our analysis shows the company to be in excellent shape, despite headwinds in US gas markets, thanks to its solid balance sheet, low-cost business model (asset manager, not driller) and CF (cashflow) protection afforded by a LT hedge book.

"Even if NYMEX prices hold at ~US$2/mmbtu through FY22 – a bear case that would leave much of the shale gas industry fighting for survival – DGOC will generate ~US$435m of cumulative FCF (FY20-22), enabling it to pay its 14c/shr annual dividend (11.7% yield) and allocate >US$160m of excess capital to buy-backs, debt reduction & acquisitions".

[lab305] 14/2/2020 20:15

The stock is ridiculously cheap for a company which is profitable and very well run. A PE of somewhere near just 2 and yielding over 10%.
They are taking steps to list on the main market after the imminent results which should be strong following their recent operational update. Their move to the main market entails greater scrutiny and PWC have been appointed as the new auditors. If all of this wasn't enough the directors have considerable holdings and five of them have bought more just over a week ago.
Reading much of the negativity on here I wonder why the company bothers with retail shareholders at all.
The only realistic reason cited for the pitifully low share price at present is the depressed natural gas price , however DGO have done well to hedge much of this year's production and a good chunk of next year's to insulate profits.
Sceptics don't bother to reply. I've heard it all before. The PE isn't really the PE, they haven't really hedged what they state , buybacks are a bad idea ,etc. etc. Well I've been invested here for over two and a half years. Everything that they stated they would do they have done. All the dividends have been paid and increased over time in line with company policy.
If I had a crystal ball I would predict that many other gas producers will go under whilst this one will still be profitable due to their efficiencies . Distressed assets will become available at extremely cheap prices. Natural gas prices will rise and the doubters will be long gone. Time will tell.

[mo2550] 14/2/2020 18:11

5 million shares - any thoughts how PI's might interpret this substantial purchase on a institutional scale ?

[neilyb675] 14/2/2020 18:09

About 3 million left under the terms of the agreement with Stifel.