Member Info for coolbeans44

Should be trading at 10.20..I agree need to delist on lse and get given US shares. No FX hassle then too either as can re-invest the dividend in USD too.

Link for the source of the drilling permits?

Scrwal, Good point however I don't think Rusty gives a monkeys about the FTSE250 as he listed on the NYSE to improve liquidity and access US investors. The LSE is on a downward death spiral due to it's punitive stamp duty that makes speculative day trading expensive and retail not having access to option trading. Would be no great loss if they delisted on the LSE.

I LOTM,

Retail isn't much of the free float, so we need institutional investors on board doing the tender which I'm sure rusty will have spoken to before the offer. Rusty has a 2% shareholding so that is pretty much a guaranteed 2% that will be tendered.

Once we have full year results and dividends for the next year confirmed hopefully the tender offer becomes a regular thing as we need a stronger share price so we can raise capital for more acquisitions.

Cost to mine BTC is $17,566. So after halving that will be 35k. With btc at 50k that's still a profit. Do they mine other coins like litecoin and doge?

Tempted, looking through the last trading statement they must be making money now after the capital raise. With no news it's odd the stocks dropping. When are the next earnings due out?

ISA - Do a W8BEN and you pay tax at 15% WHT

SIPP - Do a W8BEN and you pay 0% WHT (Unless your broker sucks like freetrade)

General Investment Account - Do a W8BEN and pay 15%. The 15% tax can be claimed as a foreign tax credit ( I have done this personally).

No W8BEN and you pay 30% WHT

Horult, The ex-dividend date is the day before the trade's record date. The record date is the date on which the company compiles a list of shareholders of the stock for which it has declared a dividend. This list is used to determine the shareholders entitled to receive the dividend.

Lol no the Record Date for Tender Offer and the Third Quarter Dividend are the same time.

So from what i understand is you give up some of your shares for Stifel to buy and they pay you a 5% premium. If you do nothing you get 87.5c approx 69.70p per share.

So if the share price is 900 you get the shares bought from you for 945p so you get 45p dividend, no great.

If however the Shareprice is 1380 the shares are bought from you for 1449p so you get 69p

So do you think the share price will be at minimum 1380 by March 29th?

However the full year results will be released by the time the buyback in executed, so this must mean Rusty thinks the share price will be 1380 by then, otherwise why do the offer at 5%?

Full year results come out before the tender buyback is executed (19th march aporox) . Depends if you think they won't cut the dividend then the share price will go up and you would be better off with the tender vs the dividend as its likely the share price will go up more than 2% on good news.

If you think Rusty is going to cut the dividend your better off selling now, as there will be much more capital destroyed than then the dividend pay out. So I'd say tender if your bullish as it benifits all the shareholders and yourself.

"Shares purchased under the Tender Offer will be cancelled by the Company" ...where does it mention us shares?

5% premium seems unfair given we're at 30% yeild atm. Should be 7.5% ?

DEC full year results come out on the 19th March. The buybacks are the 5 days from the 27th March.

So this could be planned to cause max pain to the shorters if the dividend policy is maintained and then 42m shares get bought back. Could seriously screw with the shorters.

Shorters must think it will go down more than the dividend amount on x dividend day.

Berlin has unveiled plans to spend €16 billion on 10 gigawatts (GW) of new gas-fired power plants in a major overhaul of the country's energy grid.

Germany is hardly the only European nation that has rekindled its hatred for ‘dirty’ fossil fuels. French energy giant Engie recently announced plans to build a 500 megawatt gas plant near the city of Nijmegen in the Netherlands on the site of a former coal-fired generator. Engie says the facility will be a “hybrid plant” and could be powered by hydrogen in the future.

The United States’ natural gas and LNG bonanza is certainly helping Europe turn its nose up on carbon-heavy fossil fuels: With exports averaging 11.6 billion cubic feet per day (Bcf/d) during the first half of 2023, and ~70% of exports going to Europe and much of the balance to Asia, the U.S. is now the world’s largest LNG exporter.

Bullish for gas long term, so good for DEC.

https://www.zerohedge.com/energy/germany-replace-nuclear-natural-gas-plants-16b

Thanks for explaining.

How is the share price in london 20p whilst in nasdaq it's $2.24? Was there a reverse stock split for the nasdaq?

Could be, They loved DECs presentation, they have the senators very much on their side.

So it's unlikely they are going to give DEC a hard time making them plug wells especially if they can prove there abandoned wells are not leaking methane, therefore not a threat to the environment, so no rush to plug them.

Diversified Energy gave a presentation yesterday to the West Virginia Senate.

https://sg001-harmony.sliq.net/00289/Harmony/en/PowerBrowser/PowerBrowserV2/20240208/-1/58122?s=08#agenda_

Click on the 13:20:09 Philips to start at video