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I believe that 2 things are holding it back. People's lack of knowledge of the hedging program. And too many value share options. I think the SP will climb when the oil & gas prices increases and the world returns to normal. 10% divedend whilst we wait is great though.
https://www.energyvoice.com/markets/282361/rusty-diversified-gas-oil/
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Yes would be interested to hear your thoughts. As MrHHH I am a holder and have spent the last 6 months wondering why this stock is not higher based on not only the dividends but the increases as well...
The only thing I can think of is that the wells keep producing when maybe they should be at the end of there life, maybe this is being priced in?
However always good quarterly updates from the company and nice to see that they fully acknowledge the repayment of debt which is a priority...
Mr G , I am interested to why u think this. Not questioning you , its just I’m a holder here too and like the company for its long term growth potential and dividend.So I'm interested in peoples thoughts.
DGOC is a great share to have when BREXIT kicks off.
Can't see it below a pound again. I'm topping up at 105. Expect it to go to 120 as we approach the next dividend.
Cenkos note on DGOC in the link below, PDF file.
https://ufile.io/5mxyj0c8
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MrG yep as most of their production is hedged this could be a good buying opportunity if it keeps on dropping. Originally got in at 97p and was going to average up but luckily held off. A nice temporary dip to below a pound again would be lovely just so I can top up.
Gas price has taken a bit of a hit. Although hardly affects DGOC with most of their sale prices locked in for the next couple of years.
I would expect DGOC to announce another acquisition soon. They don't often go too long without a great deal found and incorporated quickly.
Looking forward to the next trading update :)
It hasn't long moved from AIM. I believe management are very well invested in this company, and the company is very well backed by a group of banks who like the business model. Institutions are also loading up I believe. These will be closer to £2 in a years time IMO.
With a 10% dividend why is this stock so unloved? It didn't even have to fire any employees due to covid.
Exxon (XTO) have declared their Appalachian dry gas assets as non-strategic & will be looking for buyers. Perhaps a target for DGOC?
LOL
It wasn’t me unfortunately??
10 million trade at 14:31, is that institutions loading up......
Yet another director buy.
Diversified Gas & Oil PLC (LSE: DGOC), the U.S. based owner and operator of natural gas, natural gas liquids and oil wells and midstream assets, announces that on 12 November 2020, Melanie Little, independent non-executive director of DGO, acquired 20,000 ordinary shares of 1 penny each in the Company ("Ordinary Shares") through the market at a price of 113.97 pence per Ordinary Share. Following this purchase, Ms Little now holds 40,000 Ordinary Shares representing approximately 0.01% of the Company's issued share capital.
Yet another.........
New DGOC research note, target price raised to 160p.
http://www.more-ir.de/d/21809.pdf
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Video from webinar available here
https://youtu.be/_UZgRiBMPsA
Write up here
https://www.yellowstoneadvisory.com/post/strong-performance-drives-14-dividend-increase-at-diversified-gas-and-oil-plc
Looks like something brewing any RTO with a mix of Oaktree cash and DGO cash would see this do a RRE on relist?
Best to all
Management will discuss the Q3 results at a webinar today at 1pm
Register here
https://us02web.zoom.us/webinar/register/9716034432750/WN_x4OiPSCbRXKoXIamT6sAqg
Management will discuss the Q3 results at a webinar today at 1pm
Register here
https://us02web.zoom.us/webinar/register/9716034432750/WN_x4OiPSCbRXKoXIamT6sAqg
With not many other companies thriving in the current environment, DGOC is quite attractive. Take Oil out of the title and it would probably have an SP close to 170.
Cenkos update on DGOC in the link below, PDF file:
https://ufile.io/5ymjdkgb
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I got the impression that they already have a few things lined up.