RE: Landowner case against DEC12 Jan 2024 13:15
One of the highest yielding is FTSE 250-listed Diversified Energy Co
DEC, which is focused on the acquisition, production and retirement of natural gas assets in the United States.
It reported record production and lower unit costs during 2023 but a weaker US gas price has impacted its shares, which fell 44% last year. The stock now trades on 2023 dividend and FCF yields of 25% and 52% respectively.
The bank said: βLike many in the market, 2023 was a tough year for DEC shares. However, the fundamental cash flow generation ability of the asset base is undimmed, offering investors an incredibly attractive entry point into this high-quality company.β