Member Info for Andy144

When treasury yields go higher the stock market usually sinks - the riskyness of the SM is shunned for the safety of the high yield bond. This will usually affect all stocks. It is all cyclical in nature, but interest rates may have to be increased because of this. DEC fixed debt is safe from this. Their Revolving Debt will need to be reduced with free cash. This should not be an issue as the fixed debt is paid off this will free up more cash for the revolving debt. Their model will not be affected but finding new assets might be problematical.

This board has gone south in the quality if not quantity of posts. I suppose this is the usual result a SP that does not do what everyone wants.

I think it was Charlie Munger who said that if you arn't prepared to have your investment lose 50% at any particular time then don't invest.

I cannot see any fundamentals that have changed, and their last update was excellent.

@ I grabbed 10k on the drop below 70. Still nibbling away at my average. Flipping in and out for a few hundred quid. Got enough for 4 more buys. Then hoping should be all blue again on run to next xd.

Same here. Went long for 5k shares last night and another 5k this morning. Taking small profits on the spread bets where i can.

@ Reluctant selling I would suggest from uk fund managers dealing with redemptions. You only have to look at the fall in AUM in the mid/small cap funds to see it's been brutal.

Where is the money going? interest bearing bank A/Cs? Bonds? Gold and silver have jogged up a bit.

Opened this morning slightly up and then promptly fell 1.2p. The volume was miniscule. So safe to say the MM's are moving this to a certain extent. If last presentation and results are still valid, and there is no reason to not think so, then this is way oversold. Debt is being paid off each month, some shares are being bought back (probably held back by the low cash in bank DEC carry due to debt repayments), and dividends are covered. These are not the actions of a company in serious finacial difficulties as some suggest. As before, time will tell.

DYOR etc.

He didn't really raise anything...

"Rollo your spot on I have been selling and own less than the threshold . Who can blame me ?"

So you went from 1m shares to less than 600,000. That's 400,000 sold at (must be) a pretty big loss. Sorry to hear that. Just a month ago you posted your had 1.06m shares. So you are to blame for the fall over the last month?

Get him everyone!

Hmm. Another binary share. He must have to carry his around in a wheelbarrow.

js i really don't know what you are on. you come on here and claim to own £2m worth of jog shares and then continually ***** when it doesn't go your way and say things like "there are better opportunities elswhere". you then ask me what drugs i'm on. what exactly do you want others to say? do you want reassurance?pat on the back there, there? if indeed you do have that sort of money you should think yourself lucky, retire from trading (as you are clearly not cut out for it) and go and have a lifelong holiday on some island.

ppl who own 5% on an entire publically limited company do not whine and winge in bb's. jog will either be a massive hit or a complete dud. you will either lose your entire £2m or make a fortune. the time scale could be next month or in 10 years. so do yourself a favour, pick a side - in or out, and stop posting useless rants.

"Andy what drugs are you on ?

What did you say ‘the price doubled ?’"

Yes, last March / April, went from £1.70 to £3.30 in 2 days. Remember that? I guess not as you just want to say what you want forget the truth.

My patience fine thanks. When news landed of the FO the price did not do down it nearly doubled. It may have gone down if you bought at the top.

Higher decline rates probably due to recent acquision wells were younger with far higher decline rates. Also some of the wells were not even completed and this will improve output.

The crux here is debt. DEC paid off approx $160m in ABS notes. Every note has decreased in the last year. The RCF has increased and I have not been able to nail down exactly why. It may be just a short term thing. If the RCF reduces in the next report then I think all is fine. If an increase then probably not so.

As long as they can continue to pay down the ABS and RCF then I don't see any issues. Decline rates will, hopefully, be within their model and can be subject to shut in's, SAM work and possible infill.

If it's being done by the state then expect massive inefficiency, cost overrun, huge margins for plugging co's etc, etc.

Sounds like a great opportunity for DEC

I didn't say I thought it would rocket. 5% of any company is not a minnow. Don't put yourself down so easily.

Yours, Inept Bozo

JS you claim to own 5% of our company and yet you daily come on here and whine. You could, actually, do something about whatever issue you have. The board would certainly repond to a big hitter like yourself.

The dichotomy of your apparent share position and your continual, rather childlike whining is rather amusing. You are an easy target for below the belt posts because of it.

I am serious though. Keep on buying. get 10%, then 15%...then takover rumours start.. share price rockets. A tightly held share is easily manipulated. I will look forward to seeing you on the share register of major holders.

Yours, Inept Bozo.

If £2m is a fraction of your income why don't you just buy up a controling stake and then do as you please; sack the board and show us how it's done. Then you can just shut the fk up whining every day and we won't have to read your drivel. The buying spree should nicely push up the SP, and you might get back to your entry point.

"The level of complacency exhibited on here is breathtaking"

I would disagree. Most people on here who regularly contribute are highly committed, knowledgeable and patient. There have been a number of extremely poor, scaremongering posters who, for their own reasons, have suggested that DEC is about to go bankrupt or they are lying about their output or hedge positions. The regualar posters have given detailed (and as far as I can make out accurate) posts to refute these claims, whilst at the same time voicing concerns their own about share issues and debt. This is not complacency - far from it. We have just has a very trying time over the last few weeks. Almost certainly due to a number of factors, most of which will be outside the control of DEC.

I have posted before and for the sake of repartition I will say it again. Only time will tell. There really is only one thing that will prove DEC to be a good investment, and that is that DEC WAS a good investment.

After all is said an done it DOES throw off cash. That is really the be all and end all. Either believe their model or don't.

Something, at some point will break. Either the share price will go up or the dividend will be cut. I have been invested for 6 1/2 years and they have never even thought about suggesting they could not pay the dividend. So take your pick.

As Buffet once said, the stock market is the only shop where buyers head for the exit when a sale is on.

Appears to be 1 1/2 years old too

A fairly meaningless piece there. You could apply that to all and any company that might own a number of wells. DEC, in their last presentation, have given figures for a ceasation on further asset buying and running down the company over a 50 year period. It suggests there will be plenty of money left for plugging.

"MrG123: Heard it all before - multiple times - but the SP is currently circa 75p (fact) - and the SP does not lie. If you want to put your head in the sand that's fine - but I don't do deluded."

A share price can lie and lie big. That's the whole point about an area of investing called 'Value Investing'. There are now 2 camps: Those who think this is very undervalued, and those who think something is wrong. Only time will tell. Arguing about it does nothing but clog up what was once quite a good board.