Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Greygeorge, if you google a little bit, not too much mind, you'll find that the PV xx can be any discount factor deemed reasonable for the scenario. PV20 is mentioned as well as the range PDP PV10 to PV20. PV17 gives a lower Reserves NPV than PV10 so more prudent
Troajan, great link. I suppose our resident expert the great greygeorge assumes Stifel is in on this alleged massive 'con' with Randy and the DEC BoD !!
"Stifel reiterated its Buy rating with a 2,800p price target against an 881p price at publication."
greygeorge, from recent fin stats "highly synergistic and accretive acquisition of oaktree interest
key acquisition highlights
• consolidates working interest in existing dec operated wells in the central region by adding ~510 bcfe of pdp reserves at an attractive value of approximately a pv17 of pdp reserves (pv10 value of $462 million)(k)"
https://www.***************************/diversified-energy-company-announces-fy-2023-results-and-acquisition-with-oaktree-capital/4121147823
Diversified Energy Company PLC (LON:DEC) is largely controlled by institutional shareholders who own 86% of the company
editorial-team@simplywallst.com (Simply Wall St)
November 9, 2023·4 min read
Key Insights
Institutions' substantial holdings in Diversified Energy implies that they have significant influence over the company's share price
The top 15 shareholders own 52% of the company
Insiders have bought recently
Every investor in Diversified Energy Company PLC (LON:DEC) should be aware of the most powerful shareholder groups. We can see that institutions own the lion's share in the company with 86% ownership."
https://finance.yahoo.com/news/diversified-energy-company-plc-lon-053507897.html?guccounter=1
SavvyInvestor, we're talking over £4m here which, if she believed would be much more in the short-term would not have sold, so is not pocket money for a nice weekend. £4m would be for an investment elsewhere which she obviously considers a better investment than DARK shares. Money is not always for simply enjoying life oneself, but can also be for leaving for children to have a better life. If one needs £4m to enjoy life then one has serious mental challenges !!
Notrex, what would you have done differently to Rusty given the Shorters' attack, falling gas prices, limited cash resources for buy backs, higher emissions' regulations, etc... ? He had to keep stakeholdets 'sweet' at the same time, look at the European politicians and a CEO has a strong business political role as well !! Personally, I wouldn't fully trust anything said by a business or even by the Vatican for that matter !!
Notrex, re not trusting Rusty's word, I don't believe it's being ignored that he's broken promises. He probably meant what he said at the time, but in business, as in life generally, one does what one has to sometimes even if breaking previously given promises. It's part of life and certainly more so in Business and Politics !!
I believe he did what he needed to given the changed circumstances from when he promised to preserve the dividend amount when the share price was much higher.
Ah RogueRiver, you're missing how better a wash your clothes get using Persil and how nicer your hands feel after ysing Dove soap and how delicious a Magnum tastes on a hot summer day !!