Member Info for Andy144

@Apendragon :

So you bought 80k of shares at £5.20 and sold at £2.52. That's a loss of £214k. The price has hovered between £2.40 and £2.90 for quite a while. Somehow you have turned that loss into a profit by shorting the share. Please let us know which platform you use for this? I know for a fact that most of them won't let you open a down bet spread bet on YOU so maybe some other method? You must have made big bets and hit every top and bottom just perfectly. Well done.

So as not to seem to be posting aimlessly, I have about 25k shares at an average of £2.89. I think the upside is better than the downside but that's just my opinion.

Go and listen to the CEO's interview on the VAST website. He talks about how much per Ct for diamonds. If you think it's $1000/ct think again. It's obviously not clear about them yet and there may be some really good stones but more like $100 - $200 per ct for the gem quality stones. It will take a long time and be quite a process.

I would def. cover that if you can. Do you have a stop / limit? I've been badly burned with IG on a suspended share. They might well reduce your exposure to reflect your cash position.

As we approach the end of the long debt cycle we would expect to find that money starts to flow into hard assets. These are typlically gold and silver, farmland, defencive stocks, some forms of other property and energy (bitcoin is also being seens as a hard asset now). This might be a reason why DEC is being funded, to a degree, by outside funds. This would usually be seen as a good thing for a company but in this case I am not convinced. It almost demands that DEC go out and finds these deals. If they have all been 'accedative' then the SP has certainly not seen it.

The downside to the debt cycle end is that companies with lots of debt will be killed off. For me, the risk has now outgrown the potential reward and I remain on the sidelines watching. I will stick with the accumulation of gold and silver which has done well. I would like to add a producing energy company (I have a speculative non producer), but it's looking more like DEC will not be it.

Good luck to holders and doubters. There are certainly some interesting views - the more negative ones are gaining traction as deals and accounts are pretty impenitable.

At last someone with sense.

So DEC buying through their broker as in a BB? It did not come up as an RNS. There was a trade a few weeks ago for 8.5m shares which was a BB relating to an acquisition. Might be something to do with that. I have not come across an SI before.

That would be an uncrossing trade and nothing much to get excited about. A quick Google will explain them.

When you say "print next" are you meaning 'printing' dollars? They do this continuously unless you mean a massive QE exercise again, something Trump would be against (he is trying to reduce debt). Drill Bay Drill is not quite as easy as it sounds, O&G firms cannot drill at $60/bl. I think the average is about $65/bl to break even although this will very much depend on the region.

Even if a massive QE is done, this would devalue the dollar and DEC shares would be worth less to those in the UK. $27 gas seems unlikely.

Or just using $$ borrowed at 10%? Who knows.

It will cost to get out of the hedge. They did this when gas price went mad a year or 2 back. I sold out today and took the profit in free shares. I didn't think it was particularly great issuing bonds at 10% and suggesting there may be more deals coming. DEC need to try and grow organically and pay down debt.

There are possible inflation issues looming in the USA in which case 10% might look good in a couple of years, but the debt financing has been getting more and more expensive each time it is issued so I will observe and buy back, if and when the trend suggests the time is right.

I see Hutson has given himself a cool half mill performance bonus. I wonder what the criteria was

Have you quoted the yearly dividend and the quarterly EPS?

'Called me out'?

Don't be so pathetic. That trade is currently £3514 in profit. I have moved my stop up so that it cannot lose now.

Unfortunately I looked at the thread on my Ipad which wasn't logged in and therefore I saw your BS post. So had to 'call you out' for posting utter rubbish.

"If they start drilling it is much more risky and watch the price crash if there is a duster."

It isn't the North Sea. Cost of a land well in the USA is typically $15m to £30m depending on depth, formation and geometry of the wellbore. If drilled as an infill it would have a very good chance of producing. If it was a duster the price would not 'crash'.

Andy144

"This proves nothing, as I said post when you make the purchase anyone can say they bought at x price days ago once the SP has gone up."

Gosh you really are quite a miserable person. I am not trying to prove anything and I buy and sell continuously in all manner of shares and commodities, rarely having the time to engage on BB's. firstly, I don't regard my position as being in any sort of profit. Secondly, on the day I bought I could have cashed out well over £1K up in just a matter of hours. Lastly, I have posted a genuine trade and will stick to my stop and limit. I don't care if you believe me or not.

This board used to be full of informative, helpful people with differing but useful insights. I'll be knid and simply say that this is no longer the case.

You are now filtered. Not that it matters. This board offers nothing of use to anyone.

GLA

07/03/2025 08:00

Diversified Energy Company PLC

+ 3362 892.9718 £30,021.71 £3.00 £1.50 -£30,026.21

There you are Terry. My purchase for all to see last Friday. Will sell if drops under £8.20p or if it hits 10.88p

GLA

Rrb, GG. Terry etc.

DEC is a brilliant trading share. Rather than argue about something you will never agree on, you could try and work out how to make money on it.

OB - here's how to make a fairly dull subject interesting: https://www.youtube.com/watch?v=vsuSYJc3JuA

Prof. Anthony Davies does some really good videos on economics. Well worth a look.

So no news = bad news for DEC as usual. Support at 820p which it might well see if nothing forthcoming from the board. Another issue, which I have mentioned before is dollar weakness which is a distinct possibility and possibly playing out at the moment. Trump may well be trying to pay down debt but whatever DOGE can find is pocket change to what the USA need. Currently $36Tn of 'on book' debt and probably more than $100Tn of unfunded liabilities.

With only $5tn in government income to pay for all outgoings (including over $2tn in interest payments), investors in the S are nervous and bonds are slipping. This will push up yields and therefore push up interest on debt which DEC have rather a lot of.

So investing in a US company at this time (for UK investors) needs to be carefully considered.

Of course, here in the Uk we are not really any better off with our economy. Gold, silver, Bitcoin and property might well see one throught what will very likely be some pretty bad times ahead. Inflation will once again be a serious issue with tariffs now in play. The depression and crash of 1929 was partly triggered by tariffs and history rhymes.

All IMHO. I might well buy under £9 at some point as a punt on energy.

Bought Wood Group at 23p. Lots of rumours floating about. Many think a takover is a done deal and a TO price of anything between 60p and 200p has been touted. If only it was that easy.

I have been watching DEC for some while now. Would it be fair to say that Rusty shouldn't need to purchase any more wells for a while? Interesting that the SP rose on the deal news when it must have been clear that a discounted price was very likely.

The drop looks a little over done. If WG comes good I might re-enter. Looking at my filter, it seems GG is back. Only when the SP falls of course. Worth remembering, by his own admission, that he bought at 105p and sold at aboout 50p (old money).

Misery loves company so maybe that's the motive for his (I assume) still vitriolic posts.

GLA.