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Since May 1.6% of shares have been repurchased. This year $270m fixed debt has been paid off. Dividends have been paid. The share is unloved and under pressure from toothless politics. They don't need to write an RNS every day just for our sakes. DEC is either just a great buy or a dud. Make your mind up.
A little bit of economic investigation will clearly show that O&G is going to be here for a long time. Greens can shout as much as they like but it won't change anything. Massive shortfall of all commodities needed to get to green targets. Copper, Lithium, Cobalt, etc etc will need to be mined continuously and ONLY for green targets / projects for decades (centuries in the case of cobalt and lithium) to meet energy requirements if O&G is to be replaced.
NG is essential. That is why i'm invested. This is just short term (2-5 year) politics and green BS.
this isn't worth the time to read. typical us lawyer **** and is usually reserved for ipo's which fall from their starting point. look at just about any us tech company recently floated and there will be a law firm drumming up investors to sue them. don't worry about it. they never get off the ground in 99% of cases.
Yesterday's BB speaks volumes. Management are basically saying meh to inquiry. If BB capital is tight, DEC have done well not rushing in previously. If they felt there might be some sort of plugging fund requirement on the horizon, they also might have halted the BB.
Hi GG. Well at least I'm trying to mitigate the losses. As you so kindly looked at my posts, here's a summary of one of yours from the 4th Oct:
You kindly listed your purchases - seems to be about 55k of shares at an average of about 1.08? So that's 60 grands worth of shares, now at a 50% loss.
To your credit, you have called this correctly. But you have, by admission, not sold or taken a covering short (I think I suggested this might be a good idea with an IG sell position).
And yet, here we are. You with your massive loss telling everyone how fkng stupid they are, and all us low IQers trying to make the best of a difficult situation.
So read what you like into me buying at 70p and selling at a loss for 61p. My loss on shares was far more than this as my holding was larger. But I reduced this with the sell bet. My repurchasing may well continue if things settle.
Ironically, you tell everyone to get out and when they do you still throw vitriol at them. You have lost £30K. I havn't.
Night Night cupcake, no wonder you're so angry. £30k loss....nice going genius.
PS ....FILTERED!
Don't worry that little head of yours George. That's a priceless comment from someone who bought at 105p old money and has held ever since, ignoring his own words.
Night Night. Kiss. It's been a long day trading
Thanks George. Although it was a really hard thing to do and my finger really didn't want to press the keys on my PC, I sold the lot this morning and took a short position @1208p. I really didn't want to but your constant warnings, I think, just put that little extra fear into my head.
The writing was on the wall when the price slid first thing and there was a sort of Burford Capital feel to the situation. Timing was fortuitous as IG stopped sell bets soon after.
My limit was hit later in the afternoon at 1066p making a really good profit. I started to buy back in from then on.
Tomorrow is another day, of course and anything can happen. Just a quick thanks from me for a very good day trading.
Thumbs up!!!
Temper George.
I'll go slowly so you can follow. If your comment was, as one could easily suspect, meant as being antisemitic, then that's your choice.
Not realising that telling a Jewish person to ....not forget to turn off the gas oven... might just be a teenzy weenzy bit offensive and then accusing everyone else of having a low IQ is....er....what's the word. Damn. Forgotten....
George, a pretty low remark there. I'm just having a bit of fun. That comment was uncalled for. I suppose the Holocaust didn't happen in your eyes. You might want to delete that comment.
Over and out.
Sorry, I'm jewish this year. Tried being a Muslim last year but turkey gravey kept dribbling down the wife's burqa. I belong to a faith club you see, once a year we get together and try out each other's religions and then discuss it in the New Year.
So who will stear the USS Titanic for the next periodic 4 years? An orange narcissist or someone kept alive with a defibrillator once a week? The result will be the same anyway. Meanwhile, everyone on board is arguing about which swimming costume they should wear.
The US is fked - and by extension everyone else. A debt based monetary supply cannot, by it's very nature, continue indefinately. Said it before. Might be 1 year or 10 but i'm just parking money as best I can until the time comes. Currency will be guns and baked beans, and maybe gold and silver.
Nice to see you back George. I always thought you were more of an Ohio guy, not Texas.
@AoC
It's lovely to know you are so concerned for us shareholders.
The modelling assumptions for the 10 year run off are obviously just that - assumptions. However, the HH futures from 2025 / 26 onwards are beween $3.2 and $4.6 MMbtu and those have fallen as the current price has fallen so it would not be beyond reason that they might climb again. So the futures assumption is not a million miles away. (and the 2024 / 2025 hedging will be very favourable for DEC at the current price)
As for depletion, there are various figures out there and these seem to have been increasing more towards 10%. It should be noted that the recent purchase of newer wells will affect this. As they mature, and as DEC improve their SAM then this might well move more towards single figures again.
Plugging well costs: We have to take DEC ar their word for this. As I understand it, there are few expensive horizontal wells. It is unlikely they are currently just picking and choosing the least expensice ones to plug. From their website, they try and retire ones which are closest to 3rd party work.
As long as DEC pay off their debt, in timely fashion, then I don't see what the fuss is aboout. It is highly unlikely that they would be performing a share BB if all the doom mongers' theories are even remotely accurate.
So what is the share price is on the floor? Just a good chance to re-invest the Divs. If anyone wants an instant profit / loss then pop over to the US tech market. I have a 10 year outlook on this and look forward to DEC being around until then.
GDP: An interesting subject, one which most government monetary policy committees seem to be fixated on.
In it's most basic form, GBP is the total of all economic activity in a nation, for a set time period - usually a year. But a simple thought experiment will show that this is a dangerous notion to hang all your egg baskets to.
The reason for this is velocity of money. In a nation of 10 people who each have $1, assume that each person makes one transaction a year with one other person. 10 transactions of $1 will give a GDP of $10. Now enter inflation.
When you get serious inflation - as we now have in the UK which I think is realistically over 10%, or even hyperinflation as in Venezuela, the 10 people do not want to hold onto their $1 because it will buy less in a few months. (This fuels even more inflation). So in our 10 person country, the money supply is still $10 but there are now, for example, 2 transactions per person per year. The GDP is now $20. This is far too simplistic of course and does not take into account WHAT the goods and services are but it does show that GDP is a figure that should be used carefully and not a be all and end all for the state of an economy.