Diversified Gas & Oil Share Discussion Threads

[fardels bear] 15/6/2020 10:29

I think if you look at most AIM E&Ps who produce nothing then target prices tend to be pluck a number from the air and hope that everybody believes it. This is entirely different in my opinion.

[spangle93] 15/6/2020 10:19

Well, it was saying to me that this is the price they believe it should attain if it were fairly valued, so I equated that to target.

In your book, is a target more of an optimistic figure based on some future events coming to fruition? If that's what people understand by "target" then I've learned something already this week ;-)

[fardels bear] 15/6/2020 10:11

I read it as a mid case valuation of 125.4p per share. Is that the same as a target price?

[spangle93] 15/6/2020 08:47

Latest Edison offering



Pretty good summary of the status and history of the company

Target price 125.4p

[lord gnome] 14/6/2020 17:43

A listing on the US OTC market is material news and hardly an MD fart.

[fardels bear] 13/6/2020 08:59

I suppose that now they're on the main market, and only have to RNS material news, they don't have to tell us every time the MD farts.

[pro_s2009] 13/6/2020 00:58

US rig count down 7 oil rigs but up 2 gas rigs.

[lab305] 12/6/2020 08:27

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 .

[simplemilltownboy] 12/6/2020 08:15

There is an rns from yesterday in the news flow tab.

[lord gnome] 12/6/2020 06:31

Interesting that the company has kept that news quiet. Surely worth an RNS here?

[mo2550] 11/6/2020 17:25

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., [phone], [e-mail] (PRNewsfoto/OTC Markets Group Inc.) Cision View original content to download multimedia:SOURCE OTC Markets Group Inc.Copyright 2020 PR Newswire

[fardels bear] 10/6/2020 17:44

Oh, no it isn't. Not until I've filled my boots.

[timchecco] 10/6/2020 11:31

When will this gem go up again? Fair value is 160p...

[pro_s2009] 08/6/2020 02:03

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.

[pro_s2009] 06/6/2020 01:04

US Rig count down another 16 oil rigs. WTI up over 39$ and Brent nearing 42$.

.

[timchecco] 05/6/2020 12:53

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....

[doubleorquits] 03/6/2020 22:10

No problem Spangle..........spurred me on to see if the review had been posted officially.

[spangle93] 03/6/2020 22:03

OK, apologies for raising hopes. I thought they'd know these things ;-)

[doubleorquits] 03/6/2020 21:44

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:

[spangle93] 03/6/2020 21:33

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

[doubleorquits] 03/6/2020 21:15

Thanks Spangle.
Have you got a link to the article please - or at least where you saw it?

[spangle93] 03/6/2020 16:31

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....

[doubleorquits] 01/6/2020 09:35

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.

[shanklin] 01/6/2020 08:49

Too soon for June AIUI.