Member Info for bluemango

Why we expect Diversified to hold its dividend

https://t.co/xEzYThGnqX

And 3600 GBP target

Welcome aboard Kheldar.

I think your timing will turn out to be spot on.

Good start to the recovery from 1103p earlier this morning.

To all the Johnny-come-lately shorters who got greedy & increased their positions despite it being near the 52 week lows this morning:

You're welcome.

December Letter references a 2021 Bloomberg article alleging that our wells “may be leaking a substantial amount of methane.” This statement is not accurate and was based on a misinterpretation of reports related to 44 well site visits, which represent less than a fraction of a percent of our wells across Appalachia. As noted above, we have voluntarily conducted 246,000 emission detection surveys on our well sites and those surveys have determined that our current company-wide fugitive emission free rate in 2023 for our natural gas and oil wells is 97.75%, meaning that nearly all of our sites had no unintended emissions at the time of the survey. These positive results are a reflection of our proactive, stewardship business model. As a result of our expansive emission detection survey program, our use of industry-leading detection technologies and our operating practices focused on continually mitigating unintended emissions, the data is clear that the Bloomberg article does not accurately reflect true emissions performance from our asset.

Yes, quarter of a million buy - just after you posted.

Maybe I can tempt 'RampDaddy' to come out of his hibernation and give one of his golf anecdotes and £1 plus predictions! We could do with some seasonal cheer ....

While we're into idle musings given that's it for the stock market until after Christmas, does anyone want to indulge in some price targets for next year and beyond? Perhaps seems a tad premature given the dire newsflow in 2023 but nevertheless we know the oil's there in some quantity and that the fun starts if/when they start having some success with the drill bit - whether or not helped by outside expertise.

My own aim is to see double figures sometime in the first half of 2024 particularly if they have a deep success. Longer term I'd love to see at least 20p and maybe significantly more? It would be interesting to see how others think given sentiment is currently rock-bottom. Been in these just over a year now and disappointing just doesn't describe it adequately, but the geology of the area is reassuring with the proximity and similarly to Tengiz, the fact that we know the oil is there etc, so it still should be 'just' a matter of time.

Dividend per share should be x20 to equate to same payment as pre-consolidation, I make that 20x 0.04375 a quarter = 0.875 per quarter or 3.5 USD a year, about 2.77 GPB at current exchange rate. Share price should be around 12.88, therefore yield in a SIPP with no WHT is over 21%.

Somm's right.

In true Caspian style they've kept us waiting, but logic and probability suggest an operational update is imminent - if anything it's overdue. And because of the variety of wells being worked on (and the fact of at least knowing the oil is there), probability also suggests at least one of those sources of news will be positive.

Belles

The occasional spell of optimism may not be the best thing for one's bank balance, but it is an excellent mindset for one's mental health and general well-being.

I strongly recommend it (and Casp)

I was beginning to think it was just me who was starting to get incredibly excited about the next couple of weeks. And yes I have been adding here and there.

We've been here before and 'disappointment fatigue' is clearly a factor, but this time surely the probabilities are finally moving in our favour?

All irrelevant in the scheme of things if developments turn as positive as they should in the coming weeks (just from the sheer number of contenders)

Agreed, that's entirely possible. Just saying that the trade reporting isn't always as it appears - anyone seeing this morning's would see what looks like blanket sells until the 175k. We all know that isn't necessarily the case but today is a good example of how misleading the trade reporting can be.

Quite possibly, given the 94k was a buy, the only sell so far today was 400k at 2.6p and the quote has probably moved up since earlier. Buys might actually outnumber sells so far today by ratio of 2:1.

Not reflected at all in the sp, but I'm excited for developments over the coming weeks & months. Many false dawns over the years but hopefully soon a decent 'sunrise' for Caspian Sunrise.

Typo, meant to say BDO.

Where are you seeing a change of auditors? No RNS, and website still states auditors are BDI, as they have been at least since July.

Thanks adrianz.

Couple of quick questions please - what's your logic re mixing good & bad, no news yet therefore no bad? Just playing devil's advocate could they not be sitting on bad and waiting for good to mix with it? Secondly where do you find the info re flaring licences? Thanks

Uncertain

I don't dispute Quaytec's account of his trading activity but I just wish people would think twice before posting stuff like 'what do they know' about one PI selling just a few thousand pounds worth which is peanuts in the scheme of things.

Badgenator - good post, agree with every word.

What's 'ludicrous' is people posting nonsense without engaging their brain first.

Wisest words I heard some years ago, 'No rational person trashes their own investment'. And yes if a share is illiquid enough they'll drop the price on miniscule trading.