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 Shares Traded Last Trade
  0.20 0.18% 109.00 3,531,707 16:35:16
Bid Price Offer Price High Price Low Price Open Price
107.80 108.20 109.00 107.40 109.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 348.56 99.15 11.31 9.7 771
Last Trade Time Trade Type Trade Size Trade Price Currency
18:00:36 O 25,055 108.989 GBX

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Date Time Title Posts
26/11/202009:35Diversified Gas & Oil - High Dividend Yield220
24/11/202010:33Diversified Gas & Oil1,817
14/8/202015:53DGOC - Webinar-
20/2/202011:40Diversified Gas & Oil (DGOC) One to Watch 1
05/1/202000:28DGOC Edison Analysis1

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Diversified Gas & Oil Daily Update: Diversified Gas & Oil Plc is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker DGOC. The last closing price for Diversified Gas & Oil was 108.80p.
Diversified Gas & Oil Plc has a 4 week average price of 107.40p and a 12 week average price of 100p.
The 1 year high share price is 117.60p while the 1 year low share price is currently 55.20p.
There are currently 707,217,593 shares in issue and the average daily traded volume is 3,531,476 shares. The market capitalisation of Diversified Gas & Oil Plc is £770,867,176.37.
lord gnome: If the share price rise due to market conditions outweighs the dividend drop then that can and does happen. Can't see it happening today, but I hope to be pleasantly surprised. Share price usually recovers pretty smartly after ex-div day so I won't be losing any sleep.
cassini: Aren't shares with whopping great yields known for being pretty turgid when it comes to share price growth? Moreover, DGO didn't really suffer as much as BP or Shell this year - to the best of my knowledge. Having said that, surely it must react to an increasing oil price as that helps the bottom line...
scrwal: The share price inaction has bee very disappointing when compared to the likes of BP. 30 Oct 111.8 v 196.6 and today 111.2 v 274.8. The yield is good but there should have been some upwards price movement.
timchecco: I’ve been invested in DGOC for 4-5 months now. Started a postion at 108 and lowered it to 106. Have been following the company closely ever since. I have not seen many people who dislike the company or people who have funded reasons to believe DGOC will not do well in the (near) future. I think that the most probable reason for not showing a big increase of shareprice is: - not well known (yet) - US company listed in London - renewables are coming and are preferred - no understanding of business model DGOC - high dividend means less increase stock price Although we have seen some significant news this year and DGOC is rocking it, the share price increase is lacking. Rusty said it himself: share price is below what it should be. Analysts say it’s worth 150p now. I know it can turn positive very quickly, but the question is: when? What’s your thought?
simplemilltownboy: Timchecco, I agree it's disappointing, however the share price has drifted with HH prices. If the price of oil stays around the current price, associated gas will reduce and HH prices will increase and DGO's share price will again move forward. Unfortunately HH is again below 2 dollars, so it's a waiting game.
pro_s2009: First Berlin Equity Research has published a research update on Diversified Gas & Oil PLC (ISIN: GB00BYX7JT74). Analyst Simon Scholes confirms his BUY recommendation and increases the price target from GBp 130.00 to GBp 150.00. Summary: Following the H1 results, we have revised our dividend discount valuation of DGOC shares to include both a higher dividend in the second quarter of USD0.0375 (FBe: USD0.035) than forecast and rising gas futures prices since ours Cover recording at the end of June. Based on a futures curve rising for the remainder of this decade and DGOC's existing hedge portfolio, we expect the company's realized natural gas prices (after the impact of cash-settled derivatives) to be in the USD2 range over the next five years .34 / mcf to USD2.57 / mcf will remain stable. This compares to our 2020 forecast of USD 2.30 / mcf. The full cash cost for H1 / 20 (after operating costs, investments, costs for closing wells and cash interest) was USD 1.36 / mcf. This indicates a free cash flow return on sales of at least 42% to 47% over the next five years (economies of scale should lower unit costs as the company expands). DGOC should therefore have enough firepower to continue the regular acquisitions that have secured over 95% of its current production since early 2017. The goal of DGOC is that no less than 40% of the adjusted free cash flow, defined as adjusted EBITDA (hedged) minus maintenance investments, interest expenses and costs for the decommissioning of wells, should be paid out as dividends. According to our forecasts, the payout ratio based on the current dividend level will be 43% this year and 44% in 2021. We therefore consider the current dividend to be sustainable. The combination of a dividend yield of over 10% and strong and stable cash generation confirms our view that the stock is significantly undervalued. In addition, the current market capitalization justifies the inclusion of DGOC in the FTSE 250 index. New index members will be announced after the market closes on September 2nd with effect from September 21st. Our recommendation is to buy with a price target of £ 1.50 (previously: £ 1.30). You can download the full analysis here: .
simplemilltownboy: Another off topic share is caml, they suspended dividends earlier this year and the share price was hammered with both the suspension and price of copper, zinc and lead. All 3. Metals have recovered above pre COVID prices. The share price is still lower then pre COVID, it's guidance on production is unchanged and its interims are due in 3 weeks where it is expected to reinstate the divi. Debt is low and will be paid off in a year. DYOR but worth a look on a BH if you have the time. GLA. Apologises if people think I'm ramping.
pro_s2009: 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.
dhb368: A while back I posted that I wanted DGOC to pay less dividends and use the cash to add assets, I was politely (this is one of the better boards) put in my place as all the evidence did point to that being highly unlikely. My reasoning for this was that I would rather maintain/increase my stock value rather than have it reduced by receiving income. I do fully understand however, that a lot are invested here purely for the income. My concerns re long term share price were that whilst they are reportedly able to 'manage the wells in a smarter way' and increase production/reduce output decline, can they do this forever? Admittedly I know almost nothing about oil and gas production but it feels likely to me that if they keep production higher then the well will likely produce for a shorter time unless they are somehow able to recover more of the reserves, and if they had the magic to do that wouldn't we know about it? Hence my position, distribute a realistic amount and maintain reserves by adding assets. The TW article is pretty speculative and attacks the value from a different angle, but adds to my fears re long term value (not short term) by suggesting that, among other things, debt holders may have cherry picked the best wells for security (something that seems reasonable) and questions the actual decline rate of the wells. It is a good read if you are subscribed but does not change my position, which is that I consider half of the dividend is coming from my capital (still a decent return @ 5%) and at some point the share price will correct for that. I would be worried short term if I didn't believe that we will see an oil price boom over the next 2-3 years. TIA for the polite counter arguments.
sinnycal: Generally, it's a good business model. Conventional oil companies who do both exploration and production are able to manage steady profits and returns to shareholders by producing from wells where extraction is cheap when oil prices are low and spending on exploration when oil prices are high. DGOC relies on a low overhead structure to keep old wells active whilst using derivatives (selling forward) to hedge the fluctating prices. Note that there was a huge increase in sales last year, yet profits halved, in spite of a big swing from negative to positive impact of hedging. What happens when the low price of oil is sustained? At one point the futures price actually went negative. DGOC already runs lean, but with $600 million in debt, if they can't reduce their costs and they can't get increasing future prices, they will be, with apologies to Nicholas Cage and Angelina Jolie "Gone in 60 days" Maybe they will be able to raise more money, but I fail to see how their model will work in the longer term. We are seeing already a long term downward trend in oil prices, accelerated by Covid, but there to stay. The BBC story may give them a bit of a share price lift, but if you look to the BBC for investment advice you might want to look elsewhere...
Diversified Gas & Oil share price data is direct from the London Stock Exchange
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