Diversified Gas & Oil Share Discussion Threads

[lab305] 21/4/2020 11:41

The name is very misleading. Surely you must know that this is very predominantly a gas company. It was 95% gas but slightly less now .

[janekane] 21/4/2020 10:08

Lab can you explain the name of DGO we do not deal solely with gas
We produce both so any drop in oil price will have the opposite to your post

[lab305] 21/4/2020 07:53

Excellent trend for DGO. The demise of shale oil has and will remove millions of barrels of oil equivalent per day of surplus natural gas production. The resulting rise in gas prices has been predicted for some time but only now is beginning to gain traction.

[janekane] 21/4/2020 07:51

Sorry double post

[janekane] 21/4/2020 06:33

Oil producers in Texas paying storage facility $2 a barrel to take oil off their hands and they can't get takers

[dunderheed] 20/4/2020 09:27

I've got a few and obviously wish I had more lol!

[pro_s2009] 20/4/2020 09:21

To worry you further my portfolio has a lot of DGOC in it :)

[dunderheed] 20/4/2020 09:05

Ha lol Spangle.
I do worry when Malcy starts supporting such well run companies!

[spangle93] 20/4/2020 08:40

^ ^ ^ Well that's the kiss of death for it then :-(

[burtond1] 19/4/2020 14:16

https://twitter.com/tmsreach/status/1251860351169241089?s=21Seems one of Malcy's favourites

[rik shaw] 17/4/2020 09:32

There's no withholding tax if held in a SIPP.

[lab305] 17/4/2020 08:52

Spangle I was being cautious but there is 15% withholding tax to account for. The true figure is very close to 11.9% .

[gary1966] 17/4/2020 08:51

You haven't adjusted for 15% withholding tax. Divi 9.15p at £1=$1.30

[spangle93] 17/4/2020 08:36

Isn't the yield 13% at this price?

14c = 10.77p / 80p = 13.5%

[lab305] 17/4/2020 08:03

Again it does what it says on the tin . 10% yield and greatly undervalued at 79p with once in a lifetime opportunities becoming available in the US natural gas.

[dunderheed] 17/4/2020 07:41

Agree. I have a few dgoc and was a little nervous about these (and like ptal) but they do seem very resilient in these difficult times.

[neilyb675] 17/4/2020 07:38

Great news.

[rik shaw] 17/4/2020 07:20

Timescale for move to main market:

[lab305] 15/4/2020 07:37

“We believe the prospects of crude oil shut-ins and lower oil drilling activity are likely to shift the natural gas supply-demand picture from bearish to bullish over the next 9months assuming normal weather,” Goldman Sachs wrote in a note. “We assume 2021 Henry Hub natural gas price of$3.25/MMBtu on average, above our $2.75/MMBtu mid-cycle estimate.” Henry Hub is currently trading at around $1.70/MMBtu

[rik shaw] 14/4/2020 08:17

New Securitised finance :
'Strengthens DGO's commitment to sustain its dividend; Inclusive of ABS 1, in addition to having 90% of its production hedged in 2020 and 2021, DGO now has >40% of its production hedged with long-term, 6 to 10 year contracts providing for highly visible, dependable cash flow to complement its stable, predictable production profile'

[lab305] 10/4/2020 08:22

Cenkos upbeat on Diversified Gas & Oil after latest value-adding acquisition
Cenkos described the US$110mln deal as “value accretive”.

Cenkos upbeat on Diversified Gas & Oil after latest value-adding acquisition
Stockbroker Cenkos repeated a ‘buy’ recommendation for Diversified Gas & Oil PLC (LON:DGOC) following this week’s US$110mln acquisition.

Analyst James Mccormack, in a note, commented: “DGO has once again proved it is the acquirer of choice within the Appalachian Basin

[dr pinkstone] 09/4/2020 14:27

See Dutch Investor on You Tube

[grum9] 09/4/2020 14:20

Suggest you look at hedging figures and profit margins, DYOR .Happy Easter all

[alotto] 09/4/2020 13:31

Tbh I know how it is obtained but o am not aware of how it is used (apart from being sold in the first place)
Enlighten me :)

[grum9] 09/4/2020 12:01

Lab305 - totally agree. Suggest alotto does sufficient own research into what DGOC gas is used on and how it is obtained.