Diversified Gas & Oil Share Discussion Threads

[pro_s2009] 24/8/2020 07:44

From Zho on the TXP thread.


The price of NatGas is up strongly to $2.54 this morning, a healthy recovery from the late June low of around $1.44.

Apologies if this has already been posted, but it's worth reading the 'The Bull Market in Natural Gas is Here' section of GoRozen's recent (early August) report:



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[pro_s2009] 23/8/2020 21:51

Cenkos forecasting (at current exchange rates) an 11p dividend for 2021 (15 US cents).

Broker note in the link below (PDF file)



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[pro_s2009] 23/8/2020 20:36

Indeed. There is a case for HH tripling ahead.

[thompsonminor] 23/8/2020 15:09

Ahead of the ex-div date, this is looking v attractive. Cenkos analysis paints very rosey picture beyond autumn 2020, with forecast FY20 revenues below FY19 but - encouragingly - FY21 GP more than double FY20 (263 v 118). And with recent director buys, this is definitely one not to miss. Cenkos also recommending as BUY with target price of 151p

[simplemilltownboy] 23/8/2020 09:31

Pro, whilst your forecast is very bullish I agree with your view. This stock has been punished several times yet continues to deliver, if the gas supplies are rebalanced I can see hh prices tripling. DYOR, GLA

[pro_s2009] 23/8/2020 02:32

Definitely agree with the Shares Mag summary, but look further ahead.

DGOC is conventional.

The big rundown of unconventional shale oil (and the associated produced shale gas) is going to seriously re-rate the gas price.

Gas currently is perhaps one third of the price it should be, so there is ahead the likely potential of a tripling of the gas price.

If you take a 3 year view to your DGOC holding, one should expect a very healthy dividend every year and potentially a 200% share price rise in the process.

Makes it very attractive imo.

[lord gnome] 22/8/2020 18:41

Thanks Pro.

[doubleorquits] 22/8/2020 17:19

Shares Mag update on their earlier tip of DGOC:

Diversified Gas & Oil remains a generous dividend payer
Recent first-half results demonstrated the resilience of the gas producer and its cash flow

Diversified Gas & Oil (DGOC) 112.4p

Gain to date: 10.2%

Original entry point: Buy at 102p, 21 May 2020

Supported by a recovery in oil prices and robust operating performance, our faith in Diversified Gas & Oil (DGOC) is gradually being rewarded.

A notable feature of the recent first-half results (10 Aug) was the continuing commitment to a generous dividend.
The company’s interests in low-cost US natural gas production enables the business to generate plenty of cash.

Adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) rose 11% year-on-year to $146 million. Average first-half net production was 95,100 barrels of oil equivalent per day, up 26% year-on-year.

The company declared an interim dividend of 3.75 cents per share, up 7%, backed up by the ‘strength and durability’ of its cash flows.

Based on consensus forecast data from Refinitiv the shares trade on a 2021 dividend yield of 10.1%. The company’s strong balance sheet position, with chief executive Rusty Hutson flagging total liquidity of $220 million, should also enable it to take advantage of any opportunities created in the current challenging environment.

SHARES SAYS: The company has demonstrated its ability to buy assets at attractive prices to grow its production and to manage these assets efficiently. These qualities underpin a very generous stream of income.

[pro_s2009] 22/8/2020 09:55

21 August 2020 Diversified Gas & Oil PLC

("DGO" or the "Company")

Director/PDMR Shareholding

Diversified Gas & Oil PLC (LSE: DGOC), the U.S. based owner and operator of natural gas, natural gas liquids, and oil wells and midstream assets, announces that on 19 August 2020, Melanie Little, independent non-executive director of DGO, acquired 20,000 ordinary shares of 1p each in the Company ("Ordinary Shares") through the market at a price of 109.85 pence per Ordinary Share. This purchase establishes Ms Little's interest in the Company and represents approximately 0.003% of DGO's issued share capital.

[pro_s2009] 22/8/2020 09:54

New up to date thread started for DGOC, all the info in the header.




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[pro_s2009] 22/8/2020 09:52

7th May 2021

Ticker change from DGOC to DEC

Name change to Diversified Energy Company


New thread :














































































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[pro_s2009] 21/8/2020 14:13

Director buy , 22K's worth of stock.

Cannot blame her, I too have added 20K of DGOC in the past weeks.

[dunderheed] 18/8/2020 10:28

Blimey lew - not (yet) ticked down, lol.
Agree fully btw.

[lew stules] 18/8/2020 10:14

A few profit takers I think on yesterdays rise, then onwards and upwards IMHO.

[lab305] 17/8/2020 23:37

Pro_ I hope it's more than might.

[pro_s2009] 17/8/2020 22:40

Gary, someone has to sell to allow someone else to buy, thats the nature of the beast :)

They might get into the FTSE250 in a few weeks time, which means some considerable buying coming in - hence for me - adding more.

[gary1966] 17/8/2020 15:39

Pro,

I have actually just gone the other way and sold at a smidge over £1.11. RSI at nearly 80 looks overcooked in the short term after a good recent run.

I usually get it wrong and so you should all enjoy some great gains now.

ATB

[pro_s2009] 17/8/2020 13:10

Well, it looks like they want to get this into the FTSE250 and then go about getting some big US institutions buying in as well - so if those plans come to fruition then we should start 2021 at a much higher price than today.

[dunderheed] 17/8/2020 12:51

Agree Pro - "they" say the markets are 6 months ahead of the "news" for plays like this hence maybe "revaluations" a little earlier than that?

PS that's put the kiss of death on it!

[pro_s2009] 17/8/2020 12:39

Had another top up this morning. Can see this being a star performer next year, one with very low risk.