Member Info for greygeorge

Jim, please, educate yourself a little before making yourself look like an even bigger moron that you usually do.

https://www.rff.org/news/press-releases/new-study-reveals-key-factors-for-estimating-costs-to-plug-abandoned-oil-and-gas-wells/

Jim, since you're so knowledgeable, would you like to enlighten us why DEC share price has dropped close to 70% in the past 18 months, and the dividend been slashed by 70%. What am I. Rrb, and the 'market' at large not seeing that is so evident to you, that you not only sit on a massive loss but continue to defend the DEC business model ?

'...do you enjoy car crashes and house fires as much? Permanent seat outside A&E for gloating perhaps?...'

Well, I must confess, when a drunk-driver or a speeding driver ends up embedded in a tree, so long as no innocent parties are injured, or when an arsonist burns to death, I do feel it's a form of natural justice. It gives me an enormous sense of well-being.

'...Rusty got caught. He's trying now to grow his way out of the situation. It's why he shifted to the Central region (far more production per well than in Appalachia). Each acquisition he makes, in theory, is accretive. He needs all the cash flow he can get to shore up the balance sheet. Rest assured, the day of reckoning is coming...'

Rrb, I'd disagree that he's buying 'better' assets than the rubbish he's bought up this past 18 months. If the latest seller agreed to take shares 'settlement value unknown' instead of cash, then they must have been desperate to sell. The 'shares' portion of the deal has already lost - what 35% ? of the value declared at closing of the deal. Even if the buybacks were rigged to get some cash into the hands of the sellers, DEC ran out of that cash before making any dent in the number of new shares issued.

This dog has had its' day.

On the plus side for Rusty and the board of directors though, well they did 'bankrupt-proof' that little collection of wells a few months ago by hiving them off and ringfencing them. To provide him and the inner circle with a continuing source of remuneration when the company enters Chapter 11 ?

Seriously notrex you should count your blessings you're too young to invest, just look how much the adults 'in the room' are losing. 👍

Too wet to play outside with your schoolfriends this lunchtime, notrex ? I see you were here at morning break too.

'...Should add Rrb1981, 64 posts on DEC nothing elsewhere, seem suspicious...'

Terry, you really should have applied this critical thinking and scepticism to your investment, rather than an anonymous random newly-minted poster on a backwater board. 🤡

'...Rrb1981 is most likely a paid de-ramper, not an investor or someone who is here because he is concerned for our financial well being, perhaps he is shorting, anyway his interest is to drop the SP, IIs will ignore him so he targets RIs...'

Terry, do you realise how pathetic you sound ? 🤡

'...GG - interesting article on conspiracy theorists on radio 5 live this morning. Accepted view is that they’re people who can’t accept the complexities of the modern world...'

Oh come on Jim, who are you trying to kid ? GB News is the only 'news' source you quote on here. You're still mourning the ouster of Liz Truss. 🤣

I'm sticking around, I want to watch the death throes of this dog and the cult that follows it.

I've got some magic beans for sale if anyone has any cash left. 😇

But on the plus side...🤔...😖...😣...😕...😒...sorry, I got nothing 🤷🤣.

Notrex, you're annoying the adults. Go do your homework, make your mother proud of her big clever boy.

'...Good post. Pickedpeck = Oakbloke?...'

Lol Andy, you really are a moron. Unless pickedpeck is schizophrenic. (Pickedpeck - did Investor Relations ever get back to you about the lock-in period ? Probably not, DEC have given up any pretence of treating their shareholders with anything but contempt).

'...hot topic of the moment seems to be aro. some back of *** packet calculations are not the answer here...'

'...Correction, 0.81% should read 8.12% (total declared UK short)...'

That's ok notrex, it's a typical schoolboy error, those decimal points can be a bit tricky. Though not usually when just copying from one part of the screen to another.

Clued ONLY praises rampers, and fellow cult members. This classic from June, when the share price was over 1100p, being a prime example. Oh. And he also throws his lot in with schoolkids that post here too as long as their comments are juvenile enough for him to appreciate.

'...Thank you taze. Interesting bit is the "Short Interest Ratio (Days To Cover) 5.3 " !! Can't wait for the Short Squeeze BOOM upwards in the share price !!...'

Rrb, you just don't understand - only rampers and cultists are welcome here, just ask clued. Or read some of his posts. 🤣

'...88v8, Zachs, fwiw, have DEC as a Buy. This is a LT hold for me and, though I'm down >50%, my current investment is c 2% of my pf so I can afford to be patient...'

Notrex, let me give you some free advice. Make the most of this new school year. Find yourself a girlfriend - or boyfriend - don't spend your formative years cos-playing the role of an incontinent old man. Go, live life to the full !

Rrb, you'll come to realise that these aren't investors (with the odd schoolchild thrown in), they're cult members.

'...The lenders have carried out DD on the value of the assets and will normally make quite conservative assumptions about what they can realise in the event of default - in which case they walk away with the wells and associated ARO’s...'

Blacksteel, surely your aren't this stupid as to believe this is how financing works ? Then again, this is the DEC board, so you probably are.