Member Info for coolbeans44

Interesting documentary, seems like the states have very little power to actually force plugging of wells. Whilst bad for the environment it's encouraging that gas wells are producing for a very long time, even if the volume isn't very much with shut ins etc I can see DEC being able to sweat it's assets for a very long time.

Just posted on the diversified twitter

https://www.bridgerphotonics.com/blog/how-bridger-photonics-helping-diversified-energy-efficiently-reduce-emissions

Https://ir.div.energy/financial-information/sec-filings

I'm sure they will delist from lse eventually, saves the headache of two regulators and time zones. Also removes the FX risk when doing an equity raise and makes paying dividends easier.

Have any US analysts covered DEC yet?

I hope they don't cut the dividend either as it will be a bloodbath, like Synthomer cut dividends last year and have been on a slow grind down everysince. Synthomer did lots of acquisitions and overpaid. Hopefully rusty didn't overpay for the tanos deal as gas prices were really high when it was bought.

ARO is no longer a problem in west Virginia then, Happy days :)

If the dividend was in danger they wouldn't be doing buy backs...

This is great to hear rusty is keen on doing buybacks, he should buy more shares himself if he thinks its undervalued.

Lent shares probably means lent to shorters. They make money on the shares twice then as they get paid the dividend and for lending the shares.

Dividend is secured with 50% cash margins and record production, with strong results rusty might not be too bothered about the share price as it will recover.

Nobody knows and DEC isn't Greenpeace they are a company making money from oil and gas not cleaning the environment up.

The only thing that matters is how many wells DEC has agreed with each state it must plug each year (not that many).

It's like tobacco companies worrying about smokers getting cancer, they don't care so long as shareholders get dividends.

Legally not that many, think it was around 300 wells to be plugged in 2023. Until the states (west e.g Virginia) force DEC to plug more wells they don't have to plug anymore wells...

It's like tobacco stocks are always at risk of smoking bans, DEC is at risk of being forced to plug lots of wells quickly that would bankrupt them. However given how DEC is helping states plug wells it's not really very likely to happen.

So if DEC can't even be bothered to plug the wells they can simply forfeit the well plugging bonds they put forward for the wells.

https://www.farmanddairy.com/news/are-higher-bonds-the-way-to-fix-the-abandoned-oil-and-gas-well-problem/769415.html

Be a very bad environmental decision but would benefit shareholders. So all this ARO ifs and buts is a nonsense unless the USA retrospectively changes oil and gas well bonding rules..which I highly doubt.

Your speculating about 30 years in the future...when DEC buys wells it has to agree with the local state the retirement costs and post a bond for the wells BEFORE the sale goes through.

DEC business model is to run the wells until they croak and yes it could mean they can't fund the plugging cost by they are helping solve the abandoned well problem (they didn't drill the wells) and given the wells store gas they could be used to store c02 before being plugged..so it might not even cost DEC to retire wells in 5 years if the CO2 credits offset plugging costs.

If trump gets in I very much doubt the wells bonding rules will changed given biden couldn't change the rules will the oil and gas lobby being so strong in the USA.

https://www.reuters.com/business/energy/us-proposes-steep-hike-bonding-rates-oil-gas-wells-2023-07-20/

Indeed and they can buy during a closed period I believe provided they rns it e.g https://www.sharesmagazine.co.uk/news/market/LSE20220331160004_4323576/buyback-programme-management-during-closed-period

Surprised no bb with the share price weakness, must mean they have better use for the cash such as another acquisition. Results due by next Wednesday, no profit warning so no reason to think dividend be cut.

Nope, not on ADVFN the interface is horrible. Volume has spiked too, largest volume so far at 430k shares traded so far today https://www.nyse.com/quote/XNYS:DEC

Shares trading at $12.25 so 968p on NYSE, US investors seem undeterred by the snowflakes report.

Anyone got details on the nyse shares short interest? can't find it on marketwetch.

Those articles are years old..