Diversified Gas & Oil Share Discussion Threads

[kenmitch] 29/4/2021 14:13

The share price has doubled since the lows last year. That and the very big dividend is why some of us are patient.

[br1an] 29/4/2021 12:12

. . . . or maybe more divi seekers climbing aboard ?.

[thetrotsky] 27/4/2021 13:55

Barclays Smart Investor is a contradiction in terms and best avoided with a bargepole! The old Barlcays Investment platform wasn't brilliant, but they actually managed to upgrade to something that was far worse! They botched the transfer to the new system (some clients were locked out for weeks) and it's been downhill from there. The whole idea, as I understand, was to try and cross sell Barclays services to their investment clients (apparently a lot of their investment clients had historically only used their investment service), but, as far as I can see, all it's managed to do is to make it's investment clients leave in droves!

[lab305] 27/4/2021 10:47

I find the patience exhibited by investors on here extraordinary. Precisely nothing has happened now for almost a year whilst we have heard about very cheap valuations and opportunities many times. No wonder the share price is dribbling away . The dividend that we enjoy is negated against the capital loss that we are enduring and in the medium term not sustainable if we do not replace lost production from retiring wells. Surely deals should have been done last year when gas was cheap and cash available.

[mondex] 23/4/2021 15:32

hxxps://www.ogj.com/general-interest/economics-markets/article/14201927/rystad-a-us-gas-boom-is-coming

A US Gas Boom is Coming

Rystad Energy expects US natural gas production to hit a record 93.3 billion cubic feet per day in 2022 and cross the 100 Bcf/d mark in 2024, even though 2021 gas volumes will likely be lower than last year's. The Haynesville Shale will drive production gains, with 86% anticipated growth from 2020 to 2035, while the Appalachian Basin is expected to stand out from other gas plays thanks to rising capital efficiency and declining carbon dioxide emissions intensity.

[johnhemming] 09/4/2021 10:04

Cenkos report
We update our price target to 129p and reiterate our BUY
recommendation.

[lab305] 08/4/2021 23:36

Malcy's Blog....
The bank group clearly know a good thing when they see one and DGO is without doubt, a good thing. To have reaffirmed the existing borrowing base is indeed showing faith in the top quality management of DGO and given them the licence to get stuck in to the opportunities which are presenting themselves.

It is good to know that Rusty and his team are adopting a highly selective stance in doing deals but I’m sure that it won’t be long before something comes along and I am hoping that it is something like that that takes the share price back up to 130p and higher where it should be.

[podgyted] 08/4/2021 22:37

Always suspicious of name changes but in this case I think it's a good idea.

[neilyb675] 08/4/2021 11:20

Diversified Energy Company Plc

Name change proposal.

Item 20 of the AGM.

[neilyb675] 08/4/2021 11:18

Diversified Energy Company Plc

Name change proposal.

Item 20 of the AGM.

[johnhemming] 08/4/2021 07:43

I think they have always said they would like to grow, but not at any price. That to me is reasonable. If they can get assets at a reasonable price then it is a good idea. There is a danger to companies so obsessed with growth that they over pay.

[lab305] 08/4/2021 07:17

Statement today again states intension of enlarging company . This is the latest in a series in interviews and RNSs over the last few months with the same reference to expansion. There must be something imminent .

[fardels bear] 06/4/2021 12:54

I think we have done this topic to death now.

[johnhemming] 06/4/2021 11:53

Thanks for that:
>The PLC revenues are derived from payments made from the wholly-owned US subsidiaries.
Which means they can easily handle the position both for buying back stock (if they do any more of this) and paying the dividend.

[carcosa] 06/4/2021 11:00

"...the distributable reserves of the PLC are reviewed by Companies House on a recurring basis."

See today's RNS from City of London Investment Group today:


Guess the recurring basis is infrequent!

[plutonian] 06/4/2021 10:20

I got an answer from the company on my query about distributable reserves.

The PLC is the legal entity paying the dividend. The distributable reserves are adequate to cover the announced dividend payments. The PLC revenues are derived from payments made from the wholly-owned US subsidiaries. Apparently, the distributable reserves of the PLC are reviewed by Companies House on a recurring basis.

The US subsidiaries, in turn, monitor their own distributable reserves based on jurisdiction-specific Net Asset Value calculations (ie. the rules are different in the US).

So, the company does not see any concerns around the distributable reserves as a principal risk or uncertainty to the companies stated dividend policy.

[11_percent] 06/4/2021 10:02

Oil and gas now very ditrty words......not woke or Green.

Everyone talks about energy now.

[scrwal] 04/4/2021 12:27

I have just voted but was surprised to see they want to change the company name to Diversified Energy Company Limited. I don't remember reading anything about this.

Looking at the accounts there is no indication given that the figures are in '000s. IMB for example states at the start of each section £million.

[cassini] 04/4/2021 03:05

27m Youtube video on DGOC based on the company's December 2020 presentation. The channel is called 'Portfolio Matters'.



The conclusion is very positive, albeit with the usual caveats. The presenters admit that owing to DGOC's apparently unique business model (they call it half finance company!), interpreting the accounts presents challenges ;0)

[johnhemming] 03/4/2021 21:37

I would not think they have missed it. However, they have been buying back stock - which I think is good when the price is low enough - it would be good to have a reduction in capital to cover this.

[dunderheed] 03/4/2021 15:29

LOL Gary1966 - exactly!
It must also be said this is their business model as well, so I wouldn't really expect to "miss" such things.

[plutonian] 03/4/2021 14:34

johnhemming, you are correct, I got it the wrong way round. We have £62.267M retained earnings.

We are in total agreement :)