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Pickedpeck, the Algos are probably not set up to take account of the hedging (too complicated for them ?) and DEC is simply identified as a Natural Gas company so is tracked on the latter actual prices ?
Anyway, another great day here and elsewhere !! Long may it continue !! Buy in May and watch it Pay !!
Qlued, it's just the idiots and morons I have total disdain for. Posters like you, and the majority of clowns on this particular board.
But, go on, carry on, first denying the factual, then defending the indefensible. It's what qweirdoes like you excel at.
Greygeorge, fair enough on your link re PWC, Accounting Auditors are human and make mistakes. This wasn't Willfull bad behaviour by PWC and even the FCA was reprimanded for not monitoring the company LCF. As a % of all PWC audits I think this LCF one is an immaterial %.
I'll ignore your personal insults, don't even know or care what 'Qlued' means as something probably from social media or you've invented it, as I genuinely feel that you have a deep neurosis and I recommend that you get some relevant counselling to reverse your intense hate and disrespect for yourself and for complete strangers like myself and others on these LSE boards. I hope you don't treat those close to you as you treat people on here ?
It definitely seems like DEC is now absolutely following the gas spot price despite the vast majority of production and revenue being forward hedged. That means the current price is taking literally zero account of the actual profitability of the company.
I know I shouldn't be surprised when I find market stupidity, but really? You can see why so many CEOs abandon the market in favour of private equity.
'...Greygeorge, there can be a bad apple in every large basket. You might as well mention the Enron Auditors who shredded Enron records to cover up the real Acccounts. Vast majority (99.x%) of Accounting Auditors are honest and truthful and comply with the accounting standards and sovereign law...'
Clued, still clueless. LOL. Take your tin foil hat off, Qlued. Moron.
https://www.msn.com/en-gb/money/other/audit-giants-fined-over-237m-fraud-that-rocked-city/ar-BB1lXjLB
I'll see your PwC, highhotshot, and raise you an EY. Clown.
'...https://www.msn.com/en-gb/money/other/audit-giants-fined-over-237m-fraud-that-rocked-city/ar-BB1lXjLB...'
If they can hold this with a trading statement and divi to come there has to be some pressure on the Shorts - one hopes!
Interesting dividend max know the date and DEC IR website doesn’t!
Historically, the final dividend has been declared in late March, going ex-d in May. I can't find it so, yes, a bit odd.
Diversified Energy Company PLC (LSE: DEC, NYSE:DEC) is pleased to announce that the Company will publish a trading statement with respect for the three months ended March 31, 2024 on Thursday, May 9, 2024. Diversified will also publish a supplementary corporate presentation to accompany the trading statement on its website at ir.div.energy/presentations.
Not sure what is happening as I can't find it elsewhere but it has been on Yahoo Finance for a time
DEC.L announced a cash dividend of 29.00 with an ex-date of May. 23, 2024
Why are they keeping next dividend date a secret?
Assume they'll announce it on 9th May with Trading Statement but any new buyer now can't see where next dividend is.
Oh dear dear, my eyes watered for a brief, a very brief !!, split second, thinking of our Shorters after Open today !!
A fraction short of £11 on the bid
GG, the suggestion that PwC (the auditors of DEC) should be viewed in the same way as the criminals to which you allude in the CNBC article is laughable. You need medical help.
GG, the suggestion that PwC (the auditors of DEC) should be viewed in the same way as the criminals to which you allude in the CNBC article is laughable. You need medical help.
US up 1% but a big jump at the open. NG up 4%
Greygeorge, there can be a bad apple in every large basket. You might as well mention the Enron Auditors who shredded Enron records to cover up the real Acccounts. Vast majority (99.x%) of Accounting Auditors are honest and truthful and comply with the accounting standards and sovereign law.
U.S. Oil, Gas Drillers See Continued Slowdown
https://oilprice.com/Energy/Energy-General/US-Oil-Gas-Drillers-See-Continued-Slowdown.html
Texas Is Preparing for Electricity Demand to Surge
https://headtopics.com/uk/texas-is-preparing-for-electricity-demand-to-surge-51921407
Perhaps a better summer coming.
US closed @ £10.74 on the bid
HH now 2.145 up 5.41% today and DEC NY SP following (13.68), perhaps just perhaps we have bottomed.
GG, you need medical help.
I know it was a while ago now that we were discussing the virtues, honesty and propriety - or otherwise - of auditors, and the quality - or otherwise - of their reporting, but to those who so forcefully defended auditors, here's one for you all to think about next time you put so much faith into 'but the auditors...' .
https://www.cnbc.com/2024/05/03/trump-media-auditor-charged-by-sec-with-massive-fraud-permanently-barred-from-public-company-audits.html