Diversified Gas & Oil Share Discussion Threads

[lab305] 10/3/2021 15:08

Well its been 10 months now since any significant deal. The way Rusty was talking leads me to believe there is something very significant coming. Transformative all over again !

[mondex] 10/3/2021 14:43

The difficulty is that, with a 7% decline rate, which is still very good, they need to find additional production from somewhere else, both to replace reserves & to grow production for increased sales - they need to continue acquisitions.

[bmw30csl] 10/3/2021 13:32

These guys love deals but should do them at a more measured pace without raising equity so readily as it is a constant overhang.

[fardels bear] 10/3/2021 12:09

Exploit pi nerves, perhaps. That trick is as hold as the hills. A bit more of a shove today, another three months to the next ex div day, fashionable stocks elsewhere.

[mattybuoy] 10/3/2021 12:04

I am forgetting that, however $400m does not = $1bn.

Just speculating as to what caused the sell off yesterday that's all.

[lab305] 10/3/2021 11:55

Mattybuoy are you not forgetting the large revolving credit facility with a number of banks and institutions that is still very much in place. 400m from memory . They won't need to come to us for much if anything.

[mattybuoy] 10/3/2021 11:15

Drop is likely caused by concerns about how DGOC are going to raise their half of the mooted $2bn acquisition spend.

In the Proactive interview Rusty stated that existing "liquidity" is around $200m, so they will either need to do a hefty placing and/or raise a buttload of additional debt. Whether this is a problem or not really depends on what they are acquiring I guess.

[yellowstoneadvisory] 10/3/2021 07:38

There's a webinar with the mgmt team who will present the FY results this evening at 6pm. Register hxxps://us02web.zoom.us/webinar/register/7216117313646/WN_u6UZAWCXTXaT_8uqF9rPEg

[johnhemming] 09/3/2021 19:00

In the end there is a secure income stream with the risk to the upside.

[podgyted] 09/3/2021 17:56

Looks to have spooked the market somewhat, however.

[gary1966] 09/3/2021 16:43

Not your hearing as I also heard that and sounds very confident that all money will be spent this year. All acquisitions must be dividend enhancing which would suggest we can look forward to increases later in the year. They will also add another string to their bow in that they will receive a management fee, extra few percent, from Oaktree.

[timchecco] 09/3/2021 15:50

WOW!

Anyone else heard Rusty say he’d expect to spend the full 2 billion (1 Oaktree and 1 Dgoc utself) this year!

Thats quite a statement to look forward to!

[mondex] 09/3/2021 14:31

Oil executives at CERAWeek eye important role for natural gas

At this week's CERAWeek energy conference hosted virtually by IHS Markit, executives from ConocoPhillips, Chevron, ExxonMobil and other oil companies took turns emphasizing the role of natural gas in the energy transition and painting a bullish outlook for gas demand. IHS Markit Senior Director Matthew Palmer expects US gas demand to continue its growth trajectory through 2050, driven by surging pipeline and liquefied natural gas exports, but said more pipelines are needed to transport the fuel to places where it is needed.


hxxps://www.houstonchronicle.com/business/energy/article/Oil-executives-eye-important-role-for-natural-gas-15995150.php

[pro_s2009] 09/3/2021 08:50

Interview with Rusty the CEO



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[dunderheed] 08/3/2021 09:06

Hey s93 no problem at all.
Bloody phone playing up, my network will not accept my vpn, ffs!

[spangle93] 08/3/2021 08:44

If you don't, then there's less point of buying more assets... ;-)

Yep, sorry, busy times the now, will follow up soon

[dunderheed] 08/3/2021 08:40

Absolutely as long as you get the advantage if the rising prices s93.
Did you see my pm re phar btw?

[lord gnome] 08/3/2021 07:56

I didn't think I was being unfair or critical Spangle93. Merely making the observation that the best deals are done when companies are in Serious financial trouble and that rising prices means that those days are probably behind us for the foreseeable future. I have been invested here since just after IPO and have done very well. Rusty runs a good show.

[spangle93] 08/3/2021 07:51

You guys are harsh - if they just keep on doing what they do best, with rising prices, we'll do fine here.

People are less critical of SQZ when they come up with "another 6 months of doing nothing" results ;-)

[lord gnome] 08/3/2021 07:44

Yes, steady as she goes by the looks of things. I have become so accustomed to massive growth by acquisition that it seems odd to have a set of numbers where you can make meaningful you comparisons. Hopefully Rusty can pull a rabbit out of the hat to kick off the JV with Oaktree, but with oil and gas prices on the rise, I fear that the best days for bargains are now long gone.

[dunderheed] 08/3/2021 07:40

For some bizarre reason my phone becomes unstable when I try and load the results.
From what I've seen of them, nothing stunning but an excellent set of results nonetheless.
Hopefully they can raise the hedging prices or proportions st new prices substantially now when you look at the MTM figures?!

[yellowstoneadvisory] 08/3/2021 07:30

DGOC has reported another set of strong results this morning in their FY update providing more evidence that there is an excellent management team in charge. In a nutshell they manage wells (99% gas) more efficiently than industry peers ensuring they last longer and produce at lower cost. On the revenue front they employ a conservative hedging policy to reduce risk from commodity price volatility. This translates into better financial metrics
FY results this morning report Adjusted EBitda of $301m +10% and EBITDA margin 54% . December exit rate production increased to 103 MBOEPD +8% on December year and overall average production was up 18% at 100 MBOEPD.
The company policy is to distribute 40% of FCF to shareholders and today they have announced the Q4 dividend of 4 cents, taking the overall dividend to 15.25 cents, an increase of +10% over the year.
The balance sheet is in good shape with Net Debt of $725m, equivalent to 2.2x ND/EBITDA.

Management will discuss these results at a webinar on 10 March at 6pm Register here
hxxps://us02web.zoom.us/webinar/register/7216117313646/WN_u6UZAWCXTXaT_8uqF9rPEg

[gary1966] 04/3/2021 11:34

Yep you are lucky as HL charge me in my SIPP. Does seem an odd one this one with regards to SD, but I won't start that discussion again. It is what it is and I knew I would have to pay it. Happy with the boost to the dividend I achieved and having access to the funds today.

[thaisi] 04/3/2021 11:19

Well i'm even luckier then as II don't charge stamp duty in my SIPP on these for some reason?
And yes they do look like they are edging towards 1.25 now but i will have no hesitation about buying more at say sub 1.20 as they too good and cheap as far as i am concerned. I started buying back in July at £1 after II had tipped them.