Share Name Share Symbol Market Type Share ISIN Share Description
Diversified Gas & Oil Plc LSE:DGOC London Ordinary Share GB00BYX7JT74 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.20 -1.1% 107.40 107.40 107.80 109.20 107.40 108.80 1,404,299 16:35:16
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 348.6 99.1 11.3 9.6 760

Diversified Gas & Oil Share Discussion Threads

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Well spotted mo2550. I hope we get some long term investors on board from the US. This must be looking extremely attractive to those seeking income .
There is an rns from yesterday in the news flow tab.
Interesting that the company has kept that news quiet. Surely worth an RNS here?
lord gnome
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 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 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 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, (PRNewsfoto/OTC Markets Group Inc.) Cision View original content to download multimedia: OTC Markets Group Inc.Copyright 2020 PR Newswire
Oh, no it isn't. Not until I've filled my boots.
fardels bear
When will this gem go up again? Fair value is 160p...
Done it. WTI now over 40$ with Brent now over 43$. They will have to start putting the brakes on soon, they will not want WTI over 45$ or Brent over 50$, not in 2020 anyway.
US Rig count down another 16 oil rigs. WTI up over 39$ and Brent nearing 42$. .
Think DGOC is a very nice oil and gas company since they have a very low risk high profit profile. They hedge all the risks and don’t have to spend $$$$ on finding new sourcesthemselves. Also the dividend of 10+% annualy is insane if you aks me. The stock price going up would be a nice ‘extra’ but for me the value of this stock is the high dividend, focus by management maximizing profit for shareholders in combination with the low risk. AWESOME! LONG....
No problem Spangle..........spurred me on to see if the review had been posted officially.
OK, apologies for raising hopes. I thought they'd know these things ;-)
Thanks Spangle. I've since done some digging and registered on FTSE Russell site. Sadly DGOC did not actually make it this time but it looks as though it will be a banker for next time. Meanwhile keep collecting the dividends and let's make it to that that broker target of 140p in the next three months. Relevant Review data outlined below: FTSE UK Index Series Annual Review June 2020 FTSE 250 Index Inclusions SEDOL Company Name B7KR2P8 Easyjet 0575809 Meggitt B033F22 Centrica 3121522 Carnival BKX9C18 Calisen BZCNLL9 BB Healthcare Trust 0738840 Liontrust Asset Management BD8HBD3 Civitas Social Housing BJTNFH4 AO World 0787369 Scottish American Investment BDFBVT4 Oxford Biomedica BJL5FH8 JLEN Environmental Assets Group B0L4LM9 888 Holdings Full details are available by registering at: hTTps://
hTTps:// If I post the link, it will get removed, but try changing xxx to pro. Admittedly, as you see, they are using the word "likely" in every paragraph because the changes will officially be made tomorrow
Thanks Spangle. Have you got a link to the article please - or at least where you saw it?
From Today's market summary .... There are also likely to be nine changes to the FTSE 250, with no relegation less surprising than for events group Hyve (LON:HYVE) as its shares have fallen more than 95% since the start of March as the pandemic laid waste to its trade shows business and triggered a rights issue. Likewise, Senior (LON:SNR), Stagecoach Group (LON:SGC), McCarthy & Stone (LON:MCS), Marston’s (LON:MARS), Elementis (LON:ELM), JPMorgan Indian Investment Trust (LON:JII), Forterra (LON:FORT) and Bakkavor Group (LON:BAKK) all look like they will be demoted to the small caps. The nine replacements are led by US oil producer Diversified Gas & Oil PLC (LON:DGOC), which stepped up from AIM to London’s main market in April and has completed two acquisitions during the pandemic....
Agree with Shanklin FWIW. I think the only eligibility would be under the fast track option but I think then the company has to be at least 1% of the whole FTSE All Share mkt cap. That is my understanding but maybe, as it is an annual review, the rules are different from the other quarterly reviews.
Too soon for June AIUI.
has dgoc got to be on main market for a few months before going into fste 250 so to soon for june or is just a listing required?!
140p is a fair target at the moment.
From today.... Diversified Gas & Oil will see increased investor interest as a standout dividend payer It is rated as a 'buy' with a price target of 140p per share. Diversified Gas & Oil PLC - Diversified Gas & Oil will court increased investor interest as a standout dividend payer Diversified Gas & Oil PLC (LON:DGOC), as a dividend payer that’s imminently headed for the FTSE 250, will be the subject of increasing investor interest. That’s the view of stockbroker Mirabaud Securities which today repeated a ‘buy’ recommendation, with an improved price target of 140p (from 135p). It has been a busy time for DGOC after it stepped up from AIM to London’s Main Market, closed to asset acquisitions and is now set for inclusion in the FTSE 250 index. READ: DGOC closes second asset acquisition “The fact so much has been achieved during a period of unprecedented volatility in financial & commodity markets is demonstrative of the resilience of the business model and stability of the underlying cash flows,” Mirabaud analyst Tim Hurst-Brown said in a note. “In a world where dependable income affords a scarcity premium, we believe that DGOC’s dividend credentials (11.3% CY21 yield) will drive increasing interest in the stock, alongside the Main Board move and FTSE250 membership.” On Wednesday, DGOC announced the completion of its second recent asset acquisition – picking up 6,100 wells from Carbon Energy for US$110mln.
Well they’re not hanging around, second acquisition and financing tied up and both acquisitions at lower price than originally indicated. Roll on opening up shut in wells, cost synergies and well enhancement initiatives.
I acquisition done and 10 year hedging taken out to cover the loan that is being used to buy the business. Wells that were not taken into consideration when agreeing the price will be brought back online to boost returns and looks as though they can get more out of the existing wells. All looks good and look forward to the completion of the Carbon Energy assets.
One of the main criteria for acquisitions is that it sustains and increases the dividend cover and so the divi is not going to be cut here. Dividend and debt cover is the reason for extensive hedging, particularly at the time of acquisition and whenever debt is taken on. Debt increases in line with production and normally at distressed prices and so I am more than happy for them to continue to grow the business in such a prudent manner. Do not forget that they have been buying back shares and these are being used as part of the consideration. They were bought back at a VWAP below the recent placing price and so good business was done. 40% of their production is hedged for the next 6 years at a level that supports debt and dividend payments. I think you will struggle to find a more prudently run company out there but that probably comes from Rusty’s accountancy background.
They have always promoted the dividend pointing it out in company presentations and taken pains recently to assure the market that the dividend is safe some time into the future . They would hardly do that and then lose all their credibility buy cutting it so the idea is a specious one. Some think that their debt is too high but the recent article in the IC stated ..... "Looking at similarly-sized oil companies Tullow Oil (TLW) and Kosmos Energy (KOS), their net debt-to-cash-profit ratios were 3 times, and almost 4 times, respectively. DGO’s net debt-to-cash-profit ratio was 2.3 times as of 31 March." So even if you don't rate the IC facts are facts and on that metric debt is not too high. Where I will agree with dnb 368 is that the pound will continue to devalue against the dollar and so dividends will rise via currency as they have for the last two years. The latest acquisitions will also generate more cash and dividends will more than likely rise by December. If anything is unsustainable here it is the share price which should be somewhere around £1.60+ and I continue to hope that new investors will be drawn to the success story in the FTSE250. Daily Mail punt of the week yesterday . Sorry no link .
For my 2 pence worth. I'm only investing my money in this stock for the dividend, it's a bonus if the share price increases. If I was looking for growth there a plenty of better companies out there. If the dividend is cut many like me will leave.
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