Member Info for Andy144

@Clued.

Well this is, of course, totally correct. We should all do our bit but there are contraints and natural boundaries. The simple fact is that O&G does nearly all of humanity's heavy lifting and we are nowhere near any sort of replacement. Politicians will say their green speal for the votes.

An interesting article was recently produced which gave figures for the requirement of copper. So, if the world wants to go wind and solar, the amount of copper needed to replace all coal, oil and gas power plants and have just a 48 hour buffer of no wind and clouds, this would require 40 years of continuous mining, and all of this copper going to wind and solar.

It also gave figures for the other industrial metals needed. Copper was by far the best of the bunch.

This says nothing about the environmental damage of open cast mines, leaching, heavy metal poisons, water contamination and just plain destruction that mines cause.

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.

For the sake of sounding a bit rude, it's an easy google. Try typing in DEC DIVIDEND...the top result is Dividendmax. Just look there

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!!!

Until this blows over, if it does. IG short in place this morning. You cannot place that bet now which might say something.

Timing of the recent new short is 'interesting'

@GG

"You are the one who brought up Jews, and Muslims. Why ?"

You're the one with the massive IQ. Work it out.

Night. x

You are right Worya! My apologies. We will only stick to DEC facts (and fictions) from now on.

Night.

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....

Yes, my IQ is in double digits; and you walk head first into making one of the dumbest comments i've read in ages.

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.

Don't worry guys, Donald will be back in soon. Then everyone's Fked anyway.

@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.

With JOG now being somewhat more de-risked, it is more likely that it will follow the price of oil to some extent - as it has today.