Buy
Sell
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
  0.20 0.18% 109.00 107.80 108.20 109.00 107.40 109.00 3,531,707 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 9.7 771

Diversified Gas & Oil Share Discussion Threads

Showing 1776 to 1799 of 2050 messages
Chat Pages: 82  81  80  79  78  77  76  75  74  73  72  71  Older
DateSubjectAuthorDiscuss
14/8/2020
15:53
DGOC management presented at the Yellowstone advisory webinar on 12 August. See a recording here https://youtu.be/od4xArKptro
yellowstoneadvisory
14/8/2020
13:51
With Brent Crude ticking up, is it time to find a bargain in the sector?We caught up with independent oil analyst Malcolm Graham-Wood to talk more about the latest developments in the oil environment but more so to look through a number of opportunities that may exist in the market with Brent Crude ticking up to $45 as fuel demand picks up...https://twitter.com/tmsreach/status/1294268981231181825?s=21
burtond1
14/8/2020
08:39
Nigh. Bloody phone
fardels bear
14/8/2020
08:39
He ain't blue, so it certainly wasn't him. You gotta be blue to downvote. I don't recommend it though. It is high on impossible to cancel.
fardels bear
14/8/2020
07:01
Yellowstone Advisory replied to a question I asked re hedging Hedging is in place on forecast production as follows 2020 c80% 2021 c70% 2022 c45% 2023 c45% 2023 c45% Lets hope gas prices strengthen
shanklin
12/8/2020
21:56
Cheers Pro.
dunderheed
12/8/2020
21:35
Link to the 10th August Interim's presentation. https://d1io3yog0oux5.cloudfront.net/_884d212a3380824de1feafaeefee41b7/dgoc/db/557/4296/pdf/DGO_2020_Interim_Results_Presentation.pdf .
pro_s2009
12/8/2020
19:29
Ah f - yeh!! LOL. I wondered who the f was ticking everything down - weird - just weird!
dunderheed
12/8/2020
18:52
johnrxx99?
kenmitch
12/8/2020
17:47
I cannae - who then?!
dunderheed
12/8/2020
16:44
I think we can guess who the idiot is who is giving a thumbs down to every sensible post here!
kenmitch
12/8/2020
16:11
Listened to the last 40 minutes of today's presentation having arrived late and then had fun using zoom for the first time. Still have one question. Obviously I am aware that DGOC has hedged enough of the forward production to be able to meet all its debt (and other cost) obligations so that lenders feel extremely comfortable with providing funding to DGOC. Does anybody know what proportion of forecast production in future years is not subject to these hedges, and on which therefore DGOC could make additional profits should prices pick up? Any info welcome. TIA.
shanklin
11/8/2020
08:09
This is pretty helpful in the grand scheme of things... "We reported a tax benefit of $77.7 million for 1H20, an increase of $99.6 million, compared to expense of $21.9 million for 1H19. The resulting effective tax rates for 1H20 and 1H19 were 131.2% and 26.0%, respectively. The effective tax rate is primarily impacted by recognition of the federal well tax credit available to qualified producers in 2020 due to the low commodity pricing environment." So as well as hedging to ensure they can cope with their debt in a low price environent, there was significant support in terms of this tax credit. Wonder if this is an ongoing potential benefit as and when the gas price is particularly low.
shanklin
11/8/2020
07:46
Great interview from rusty, thanks pro. Interesting comment about the charm offensive to US institutions in September and the comment about the 7 percent increase in divi was only part quarter, so hopefully more to come. GLA. Think I might have another little top up.
simplemilltownboy
11/8/2020
06:41
Oh dear, lol! John I wouldn't invest in o&g companies if I were you! Read the posts from yesterday regarding this loss!!
dunderheed
11/8/2020
06:17
All in all, not an inspiring result - loss going up. The proof of the pudding is money, not a load of words.
johnrxx99
10/8/2020
21:45
https://www.malcysblog.com/2020/08/oil-price-dgo-petrotal-reabold-and-finally/ Diversified Gas & Oil Interims from DGO this morning, preceded by the announcement that the dividend for the quarter was to be 3.75c (3.5c) a 7% increase making the payment for the first half of 7.25c and giving DGO a yield of 12%… The results were predictably good, production was 95.1 MBoepd up 26% (1H 2019 75.3 MBoepd) but the exit rate was 109.0 MBoepd including 18.7 MBoepd from the EQT and Carbon Energy acquisitions completed in May. In the first half legacy assets were maintained at ˜70 MBoepd for the 8th consecutive quarter, a tremendous achievement. 1H adjusted EBITDA of $146m (+11% on 1H ’19 3% on 2H 19) gave net income of $18m leading to a net operating loss of $(31) million (1H19: -129% vs $108 million; 2H19: -142% vs $73 million) ‘includes a $110 million non-cash charge to mark derivative contracts to fair value’. Cash operating expenses fell again to $7.05/boe, down 15% on 1H 2019 of $8.30 and $7.24 in 2H 2019. During the quarter DGO transitioned to the Premium Segment of the Main Market of the London Stock Exchange from AIM and also completed upstream and midstream asset acquisitions from EQT ($125 million) and Carbon ($110 million) in May financed through a successful $86 million (gross) share placing and $160 million (gross) amortising 10-year term loan underwritten by Munich Re Reserves Risk Financing, Inc. On the conference call the DGO management were sprightly and so they deserved to be, they reminded the audience of the four key tenets which drive the company led by the 55% adjusted EBITDA cash margin. This is made possible by a robust, nay aggressive hedging programme ‘to protect downside’, all enabled by low cash Opex and G&A costs of $7.05/boe, and an average 2020 hedge floor of $2.69/MMBtu. The free cash flow yield of 32% comes back to that 8 quarter stable, hedged production I mentioned earlier, which as the CEO pointed out means that this cash generation means that the shares must be too cheap, something one can only agree with. All this means that shareholders are protected by a 12% yield, again validated by a combination of risk strategies that has been achieved despite the incredibly challenging environment. They added that the company has a disciplined attitude to growth and a prudent capital allocation all the time. Rusty Hutson Jr, CEO of DGO said; “As we enter the second half of 2020 with approximately $220 million of total liquidity, a healthy balance sheet and with a focused and efficient operation, we are well-positioned to capitalise on the opportunities these challenging times create, all with our unrelenting focus on creating long-term value for shareholders.” DGO has rallied from the 60p level when markets really didn’t understand the concept or the model, at 101p given the fcf yield and dividend yield which more than supports this share price for a number of reasons. The company ticks many boxes, operationally it is superb in legacy assets as well as the interesting unconventional ones it speaks highly of making record production. Other boxes ticked are the midstream assets that give it huge flexibility, optionality and revenue generation. The acquisition team are clearly smart, they are already showing enhancing economics at EQT and Carbon with a number of opportunities going forward in conventional and unconventional prospects. For investors who havent yet looked at the DGO model with its associated yields it is high time they did so, the company has strong management and great visibility in these times that is quite something.
pro_s2009
10/8/2020
12:59
Interview with Rusty today. https://www.youtube.com/watch?v=VEhJvHxq6Fo&feature=emb_logo .
pro_s2009
10/8/2020
12:58
hTTps://cutt.ly/xdMSwkC. Rusty talking to Proactive investor.
yupawiese2010
10/8/2020
12:37
Had a top up of both DGOC and TXP today. Gas gas gas......give me more and more gas :)
pro_s2009
10/8/2020
11:52
$110 million loss on derivative contracts marked to market? This is beginning to dwarf their entire gas production and makes a hell of a dent on profits. Is their main business selling gas, or playing around with derivatives?
kibes
10/8/2020
11:29
Also worth emphasizing as time goes on and they sell the hedged production (if it is at lower spot mkt price at that time) so that liability disappears as well. It only becomes a worry if spot higher than hedge and for some reason they cannot provide that "pre-sold" volume, it doesn't "matter" how high gas price is at the time. It is a "liability" until that actually is delivered. Rule of thumb - hedge as far as possible to cover appropriate amount of known non moveable capex / opex expenditures so as to offset impact of (potential) price drops.
dunderheed
10/8/2020
11:21
Plootocrat I'll give it a go... Production sales are split into two broad ares, hedged and unhedged. A proportion of production is unhedged i.e. sold at spot price. So in a rising commodity market can make more revenue from that than may otherwise be the case. The hedged sales are a requirement to fulfill a certain future volume of sales at a future fixed price. Generally you would want those prices to be higher than you anticipate the spot price will be at some point in the future. The further out in time these hedges are, the more valuable the option is. At any point in time these options have a value (after all DGOC have paid for the right to sell gas and oil at a fixed price). For accounting purposes these options have a value today depending on the current value of gas/oil, the option (hedge) price paid for them and when they become effective. Today, if they had to make good on all their options then it would cost them $40m but if they actually estimate their value when the options are actually due plus what they believe the price of gas/oil will be at that time then it's actually worth a positive $31m. In summary, unless the price of gas shoots up tremendously you can forget about it
carcosa
10/8/2020
10:25
Morning all. Just a reminder about this webinar CEO Rusty Hutson Jr. and CFO Eric Williams on Wednesday Aug 12, at 4PM. To register please click here: hxxps://us02web.zoom.us/webinar/register/3015961866342/WN_qT9gtei1SVOy4CQVQafkTw
oshy92
Chat Pages: 82  81  80  79  78  77  76  75  74  73  72  71  Older
ADVFN Advertorial
Your Recent History
LSE
DGOC
Diversifie..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20201130 05:48:28