Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
There are many many many that have been worse than Biden. In the UK we're still putting up with the right-wing morons that followed Trumps lead and made so much mess, and look at us, pitiful, economically and politically and in every way. The USA really doesn't appreciate how good Biden has been steering the US from the absolute certain disaster that another Trump term would have been.
Blimey.. A Monkey with a pin would be superior to Trump. Not sure the world could take another term of him. The most inept, useless and dangerous idiot to ever gain power.
Wow.. Trump !! Lets all hope the US are not so stupid as to vote Trump back in. I'll happily put up with a few O/G investments down rather than watch the US ridiculously deny climate change, and there is the possibility that Trump will make good on his threats to pull out of NATO / The UN and thus allow his mate Putin to go big on his war in Europe.
I took the lack of movement yesterday afternoon to be a sign that the SP would hold up.
Silly me. A recurring mistake of my investing years to not go with the gut in such times when already at a loss.
Anyway. I'll wait and see what their announcement will be for the US opening.
@Trek you sold when ? That must have been a few few chunks.
Well now we know what that position Tt International Asset Management Ltd declared was all about.
US traders will not hesitate to go short on something like this. This is not coincidence that the letter was timed for Monday.
Rusty and company must put out a news statement to counter these claims and DEC must do what it can to get ahead of this dirty tricks campaign. Spend money on advertising in the financial press if necessary, lawyers, spin doctors instead of buybacks.
I fear this will not be the bottom SP-wise, but at least when it's resolved the short positions provide a springboard recovery.
Meanwhile, batten down and enjoy a good price for DRIPS incoming for the end of the month. .
"This message has been filtered, please adjust your filters to view"
Is it that Chapter 11 obsessed greygeorge making so much green appear ?
If so... I bet he's still not posted a single link or offered any kind of proof at all to back up arguments of DEC doom & gloom.
Oak Bloke does a good write up. Like I said earlier, this could be the opportunity for DEC to finally put this all to bed.
I'm not sure who/what is going on at Bloomberg to support this journalism then influencing the politicians, but they may well back track if corrected. I dare say it must be connected to that McEvoy v. Diversified Energy Co filed in 2022 and ongoing. Rusty should address this full on.
As the stock joins NYSE today.
“The executive team plans to undertake additional investor engagement to enhance understanding and awareness of why we believe that as the natural consolidator of existing mature assets under our stewardship-based strategy, we are the RIGHT COMPANY at the RIGHT TIME.”
https://www.proactiveinvestors.co.uk/companies/news/1036438/diversified-energy-company-chief-cheers-important-milestone-as-the-stock-joins-nyse-today-1036438.html
BUT ----> Bloomberg again. IMO This is the opportunity for DEC and Rusty to put this fire out for good.
(Bloomberg) — House Democrats opened an inquiry into Diversified Energy Co., the largest owner of US oil and gas wells, warning that the company’s unusual business model poses risks to taxpayers and the global climate.
On Monday, members of the House Energy and Commerce Committee led by New Jersey Democrat Frank Pallone sent a nine-page letter to Diversified Chief Executive Officer Rusty Hutson Jr. requesting documents and information about the company’s methane emissions and business practices.
https://www.bloomberg.com/news/articles/2023-12-18/gas-producer-diversified-energy-probed-by-house-democrats-over-methane-emissions?leadSource=uverify%20wall
For Non-subscibers :
https://financialpost.com/pmn/business-pmn/house-democrats-open-probe-into-gas-producer-diversified-energy
Diversified Energy Begins Trading on NYSE
https://www.stocktitan.net/news/DEC/diversified-energy-begins-trading-on-omvh4pw6fe0d.html
Additionally, John Tuttle, Vice Chair of the NYSE Group, said:
“We are thrilled to welcome Diversified Energy, a leading US domestic producer of natural gas, to our NYSE community. As the listing venue for many leading energy companies, Diversified Energy will feel right at home at the New York Stock Exchange.”
Directors Talk : https://1lo.co/rBEex
https://marketchameleon.com/Overview/DEC/
https://www.streetinsider.com/SEC+Filings/Form++6-K++++++++Diversified+Energy+Co+++++For%3A+Dec+18/22537594.html
A shame DEC is too small for Wall St Bets to get behind.
Going overweight before a trading spike would be great for all of our averages.
Thanks Selpec. I'll look into it (again).
Can I highlight my earlier post to everyone... It is truly massive positive news for PAF if Eskom will be supplying full power to the mining from now on.
Hi Mulder. Wouldn't worry too much. This is the kind of news that will take weeks to filter in and have an effect. A verified up trend would be welcome.
Check this out ! I didn't even know such things existed.
https://africa.businessinsider.com/local/markets/south-africas-eskom-to-buy-electricity-from-karpowership-amidst-environmental/f1qf48p
Full credit to such an amazing idea. Not sure how much this will power Eskom's shortfall to what they need to produce.
But has load shedding stopped already ... This news says YES !
https://mybroadband.co.za/news/energy/519945-good-news-for-load-shedding-3.html
PAF's Barberton Gold mining operations will get a significant boost when load shedding stops for good.
If this ship and Eskom's management has filled the gap permanantly that caused Load Shedding, then IMO there could be a 30% boost to the SP (in the same way the cut in power (and so production) caused a 30% drop.
POG is staying high. The next operational update could be very exciting for us retail share holders.
This link confirms the load shedding has stopped in Barberton.
https://mydorpie.com/m/?page=loadshedding&suburb=Barberton®ion=Umjindi&province=Mpumalanga
To the 20's and beyond..
@Selpec
How are your PAF shares held ?
Mine are in a combo of SIPP, ISA and trading a/c and I tried and failed last year to cut my WHT to 10% in any of them. All my shares are in nominee accounts.
I understood the WHT could be cut if the nominee company register or you held shares directly, like a certificate. ?
If DEC does not go up 5% today, then the situation smacks of manipulation IMO
Logically. In the absence of all other theories being proven etc...
Well no trades. Nobody was impressed with the presentation.. Why ? Where is it ? It should be on line, unless it's the same one from a few weeks ago.
Hi Damofarl
I did hold HEFL, but I sold out with about a 2% profit around 300p, which took about a year.
I was attracted by the high yield and fund nature, as I'm sure you are aware but the SP and news was so sluggish. I hold another Henderson fund HHI and I'm very happy with that. TBH I didn't know enough about the downturn coming towards Asian markets so i was glad to be out and then watched the SP fall to the low 200s. Interestingly the chart looks similar to DEC, which back up the argument that the bears are firmly in control.
I wouldn't recommend, but of course if you can judge the bottom of that fall, then you'll be a winner.
Cheers
Listed in the USA. Not a company with a yield above 10% in this list. (Copied/pasted to the end of this post too)
https://money.usnews.com/investing/articles/best-natural-gas-stocks-to-buy
What about Range Resources ... (I hear you ask) ? Big ops in APPALACHIA
https://www.rangeresources.com/operations/our-regional-operations/
Dividend Yield has always been around 1%
https://www.macrotrends.net/stocks/charts/RRC/range-resources/dividend-yield-history
That said, the idea that DEC will quickly rerate to a yield of 10% is hindered by web presences like this :-
https://en.wikipedia.org/wiki/Diversified_Energy "An October 2021 investigation by Bloomberg News found that 59% of sampled natural gas wells belonging to Diversified were leaking significant amounts of methane, a potent greenhouse gas." (This needs to be proven otherwise and their wiki page updated. )
And of course the Simply Wall St articles, but in the same google news feed there are
https://www.proactiveinvestors.co.uk/companies/news/1033170/diversified-energy-company-highlights-solid-operations-as-it-delivers-consistent-quarterly-results-1033170.html
https://www.investorschronicle.co.uk/news/2023/09/01/diversified-energy-remains-a-strong-income-stock/
https://www.sharecast.com/news/news-and-announcements/diversified-energy-reports-solid-third-quarter--15344832.html
AS OF NOV. 3 2023. Highest yield of these recommended 7 natural gas companies is 9.2%.
NATURAL GAS STOCK/FUND FORWARD YIELD YTD RETURN
Plains All American Pipeline LP (ticker: PAA) 6.8% 45.4%
Cheniere Energy Inc. (LNG) 1% 16.7%
Energy Transfer LP (ET) 9.2% 26.6%
Northwest Natural Holding Co. (NWN) 5% -13.6%
Kinder Morgan Inc. (KMI) 6.7% -0.4%
iShares U.S. Oil & Gas Exploration & Production ETF (IEO) 3.1% 7.8%
United States Natural Gas Fund LP (UNG) 0% -48.5%
Hi Damofarl
Your answer pretty much completely agreed with me about the production declination being the cause of the constant sell down. Perhaps you misunderstood my point.
In your answer "Personally, I think beyond 2030 there will be little meaningful production but they don't need it (or new acquisitions) to cover the debts and duvets until then. "
Which is exactly what I mean by the decline in production. In fact if the rate of decline was their quoted rate of 10% there would be meaningful production in 2030, and the debt payments are possible (as my analysis worked out), but no meaningful production by 2030 implies a much higher rate of decline than their 10%.
I do agree that they may well cut and run at the end of it their production, but the rate of decline in production will signify when exactly that will be. The most optimistic 4% declination rate will keep DEC going for 25 years as an estimate.
It's an interesting speculation by the markets. Just a year ago all was sunny uplands with a high SP and shareholders not minding acquisitions by share issue. Now the idea of issuing shares at current prices is an extremely bad sentiment driver.
We'll see, there are some decent yields in Oil and Gas / Tobacco but not any that I can think of beyond 20% so I'm still optimistic about the stateside listing.
Other than that.. Looking forward to the FAIR dividend for DRIPS this Friday.
That refreshing green text "This message has been filtered, please adjust your filters to view".
All I know is whatever that last post was, it was not worth reading.
Ticketi-Boo you go straight on to the filter list.
34 posts , all of them bashing DEC. Typical of the paid posters found on the LSE discussion boards.