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
  -1.00 -0.87% 113.50 1,769,173 16:29:37
Bid Price Offer Price High Price Low Price Open Price
113.00 113.50 114.50 112.50 113.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 227.23 205.29 40.78 2.7 772
Last Trade Time Trade Type Trade Size Trade Price Currency
17:03:48 O 7,969 113.50 GBX

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Diversified Gas & Oil (DGOC) Discussions and Chat

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Date Time Title Posts
16/7/201916:40Diversified Gas & Oil1,229
24/7/201814:01Diversified Gas & Oil (DGOC) One to Watch -

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Diversified Gas & Oil (DGOC) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2019-07-18 16:03:48113.507,9699,044.42O
2019-07-18 15:46:57113.376,9107,833.94O
2019-07-18 15:35:30113.5095,969108,924.82UT
2019-07-18 15:29:59113.502730.65AT
2019-07-18 15:29:57113.50273309.86O
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Diversified Gas & Oil (DGOC) Top Chat Posts

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 114.50p.
Diversified Gas & Oil Plc has a 4 week average price of 107p and a 12 week average price of 101p.
The 1 year high share price is 135p while the 1 year low share price is currently 99p.
There are currently 680,437,579 shares in issue and the average daily traded volume is 1,316,450 shares. The market capitalisation of Diversified Gas & Oil Plc is £772,296,652.17.
cwa1: Diversified Gas & Oil PLC (AIM: DGOC), the U.S. based owner and operator of natural gas, natural gas liquids and oil wells and midstream assets, announces that it has been notified that Eric Williams, Chief Financial Officer of the Company and a PDMR, today acquired 10,000 ordinary shares of 1p each (the "Shares"). The Shares were acquired through the market at a price of 106.5p per share. Following purchase of the Shares, Mr Williams is now interested in 48,855 ordinary shares representing approximately 0.01% of the Company's issued share capital.
lukmanpatel: Another troll by the username lsehotdealz haha, share price is stagnant and there’s talks of fundraise at 10p on that board lol desperation has lead to going round posting on different board to prevent share price from dropping, usually ud stay quiet and average down and accumulate if you see huge potential lmaoo he’s spamming all the boards and a newly registered today as a member lol
alotto: Banks funded DGOC securing the loans on the asset which has been evaluated by DGOC and banks themselves. The weakness today is a buy opportunity imo I can see DGOC moving to the main market potentially 3x its share price in the years to come.
kenmitch: lab305. No. I wasn't saying the share price will always drop. Sometimes share prices of companies buying back go up. Question is would they have gone up anyway? Same question applies when the share price goes down. Buybacks don't provide ANY support when that Company subsequently goes bust! e.g the banks 10 years ago. They had bought back £billions between them. Point taken about tax, but isn't a way round that to maximise tax free opportunities like ISAs?
kenmitch: Share buybacks do not put a floor under the share. If they did investors in every share buying back would have a guaranteed way of making a profit! There are many examples of share prices falling even when a Company buys back day after day. e.g Standard Life Aberdeen started their buybacks around 350p and the share was down to 220p before their buybacks were completed. Not sure a very modest buyback will help DGOC share price, but it will make it a bit less costly to pay future dividends. Just hope they continue with progressive divi policy. Current divi yield is already very good though!
carcosa: I think a far more logical explanation to the share price action is that when the short was closed it drove the share price up from 118p and subsequently the share price has returned toward that level.
sogoesit: It's a circular transaction system in the medium term imv. At each transaction the company buys assets at "market value", pays transaction costs, pays for debt and distributes cash to shareholders. There is little capital value accumulating in the company at each transaction. Furthermore, the transaction risk needs to be discounted so I don't think the market is discounting at the presented 10% DCF. Not to mention the other risks, commodity prices and liabilities that may change from the assumptions in NPV10. Only if there is a significant change in the perception of those underlying assumptions will the share price move imv. Or a strategy of realising subsurface assets to the market more quickly (increasing IRR) is implemented. Thus the lid on the (capital value) share price of the company and limited upside while assets continue to be purchased. Collect 10% each year and pass Go. Anyone keeping up with the dilution? AIMV
kenmitch: I guess a key reason for incredibly disappointing share price is the very large number of wells to be plugged/decommissioned. Around 30 wells to be plugged this year and cost for each well around $24’000.And then 20 or so a year thereafter and also dispose of 50 a year. So it could be the anticipated costs of doing this are currently hitting share price performance. But big dividend increases strongly suggest DGOC are confident these costs are manageable and once market realises that and/or on next good news/acquisition update, the share really should recover strongly. I’m very happy to wait for that and collect the big and growing quarterly dividends while waiting. Another reason for low share price could well be DGOC being under the radar....for now... for many investors. And it seems few really understand this Company. fwiw Ithink the share is a real bargain at current price.
kenmitch: Ditto Plootocrat. I’m not concerned about Institutional selling and agree with Carcosa on that. My question, still not answered, is on an important technical point that as an experienced investor I should know! i.e what will be the effect on the share price when the placing shares start trading on July 17th. There are a lot of extra shares to be absorbed. With a rights issue this is factored in and the share price marked down accordingly on the day the share goes ex rights. This does not happen with a placing and usually there is not this long delay before the placing shares are added and trading. I’ve only a half stake in DGOC and am keen to add, as dividend news alone appeals and high chance of good share price gains too, as long as future acquisitions are as wise. What I don’t want to do is add now only to find I could buy significantly lower on July 17th. My instinct is to assume little if any change in the share price then as if that was likely it would be getting priced in now. But would like to be 100% sure. So maybe a daft question but can someone confirm please?
bluerunner: Has anyone noticed in the past few days how DGOC share price appears to move out-of-sync to the trades?I.e. When there appear to be buyers, it goes down. And vice versa. Strange.
Diversified Gas & Oil share price data is direct from the London Stock Exchange
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