RE: DEC Pros15 Sep 2024 12:45
Redlse, ironically the banks/loan givers insist on hedges to 'protect' their loans, but there are many situations where hedges actually result in significant lost net income, and would be better if no hedges. Latter have risk and this was acknowledged by the DEC CFO. DEC is increasing economies of scale as it buys more wells closer to one another. Yes, it is a balancing act between Acquisitions, Buy Backs, Paying off Debt and Dividends !! This is not a share for the faint hearted, maybe Unilever or Tesco if you want a quieter life though they also have their excitements !!