Member Info for greygeorge

Asp -this is desperation, not innovation :

'...how to time well retirements to maximize value to shareholders of carbon credits...'

Sorry asp, you're typing absolute bs. Tell me, how does the carbon get transported ?

Rrb1981, I was referring to this post of yours -

'...Greygeorge

I think you observation is correct. He started buying a few wells. They generated nice cash flow. He decided to scale up. It worked nicely. When you buy at 3x cash flow, it really isn't 3x. That 3x is projected and typically gas futures are in contango, meaning lower future prices. Secondly, you have natural decline, say 8-10% for mature production that is in the flat part of the decline curve. Third, you have financing costs. But, overall, you can probably finance 100% and still manage to pay off the deal in 6-7 years while also paying a nice dividend.

The issue is that when gas prices drop, those deals don't look so good, especially if you only hedged out a few years. And that is where they are at now. They are being forced to hedge gas 2+ years out at relatively low prices, such that even if gas moves back up to $3 or $4, they don't get the immediate benefit other than on their unhedged gas.

It's really a tough predicament that has pushed their leverage up to excessive levels. Personally, I believe that there will be another shoe to drop. The asset retirement obligations (AROs) are not being addressed properly. A company that carries $1.5 billion in AROs and has no sinking fund is a joke and the street understands it...'

'Contango' isn't a 'typical' state of affairs when dealing in futures. If we suspend reality and assume DEC is an honest company for just the sake of this post, as a producer DEC sells forward production. That's it. Contango, or the counter situation of backwardation, can affect contracts traders six months out or three months out or on the day of delivery as spot prices and the prices they paid for the contracts must converge. Natural gas futures may have been, and may still be in a period of contango but this short-term situation does not affect the future yield curve a year or more out, so contango is somewhat irrelevant to a gas or oil producers, as is backwardation.

Rrb1981 - '...That 3x is projected and typically gas futures are in contango, meaning lower future prices...'

Isn't 'contango' actually the exact opposite of what you've stated, above ?

Ah, the point of view of the 'long term hold and whine'. 🤣

Jim800. So, you're saying it's ok for a company to ignore its' obligations ? I guess it's screwed you - its' investors over, so why should it just stop there ? When a company, and it's shareholders, shows what it is, and who they are, believe it, and them. This is why 'the market' is running this dog to zero.

Maybe you just realised today that dividend is going to be 5% less from here on in - and that's just as a result of the exchange rate. 🤣

'...GGG: I don't interact with perverts - you might notice nobody else is keen either - you're simply disgusting and I hope you get all that's coming your way...'

Oh dear, had a bad day have we ? 🤣

Notrex, you really are a simple-minded fool. You assume other investors and speculators hold positions that are static. Unlike you, these players play a dynamic market, they don't sit on a holding, thinking to themselves, oh great job done, investment made / short position opened now to do nothing for a year or two until our gamble pays off / is wiped out. Some investors may think DEC is worth a gamble at sub £10 but that doesn't mean they buy, and hold, a single glacial block of shares. They'll trade it, daily, maybe hourly, they won't report every single change in holding every minute of every day. You seem to think the only way to invest is to buy, and hold...and hold...and hold. the world doesn't work that like, that, idiot.

I just don't get why someone who has watched over £14,000 disappear from their holding in the past month is fretting over whether to buy or sell before the ex-dividend date to make a possible gain or loss of £300 ???

But then, that's the whole ethos of this board.

Looks like Fishinggardner has been adding too, since July 10th. Up from 3500 to 4200. I hope you bought the dips just like trek baloney, the legend, lol.

'...I have c3,500 DEC shares across mine and my wife's share ISA accounts on the Barclays smart investor platform.

Can I just ask if anybody else who uses Barclays Stockbrokers has or hasn't yet received the Q4 dividend that was declared on 23rd May, and payable on 28th June. For me it is now 10 days late. Anybody else in the same boat?

FG...'

'...So, looking at my holding of approx 4,200 shares, there is an opportunity to profit (4,200 x £0.07) - £12 = £282...'

It's such a shame you didn't sell a few weeks ago, and 'profited' by (4,200 x £3.50) - £12 = £14,688. Ouch.

Fishinggardner, I'm a bit confused by this :

'...I might be slow off the mark, but in a way, I am not surprised that this share drops before ex Div date, as there is better chance of success in the Sell and Buy Back routine, compared to conventional FTSE 100 stocks.

Often, when a share approaches Ex Div, the price rises, as traders acquire, to make a turn on collecting the divi. There is then a perennial debate on LSE board as to whether a share will fall by more than the dividend, (and the costs of re-purchase), to make the sell and buy back worth while...'

Which pre-ex-dividend drop are you referring to in the past 30 days ? The one from £12.85 to £10.66, the drop from £10.66 to £10.12 or the drop from £10.12 to £9.30 ? 🤣

'...Love it GGG - you keep up the bravado. Shame you never actually denied it eh?...'

notrex, as I see it, you're about - what - sixty percent down on this one ? If indulging a fantasy helps ease the pain of abject failure, then have at it ! Fill yer boots !

Now, if you'll excuse me I've got a tunnel to visit. 🤫.

'...Oh hello GG - I've decided to rename you GGG - the third 'G' being for 'grooming' - which I believe is where you hoped to be heading with me when you tried to ascertain if I was of school age by asking me about my homework (your post of 19 Dec 23 @ 16:45 refers - for anybody who wants to check it out). I'm now waiting to see how my emails to LSE and the confidential police grooming hot-line work out. But you have a great day - whilst you still can! LoL..'

Oh no ! 😱. I hope they don't find the tunnel leading from my house to the local pizza parlour. 🤣.

'...You could be correct MrBeaky - but I suspect it's much more likely he's working for the shorters...'

Lol notrex, you really are in the thrall of the conspiracy theorist qanon aren't you ? What I love about conspiracy theories is they're so easy to disprove when a little common sense is applied.

The one above is a prime example. Why on earth would anyone spend time here trying to influence a couple of dozen low net worth individuals who, if they're actually even invested in any company, certainly wouldn't make the needle twitch if they all simultaneously sold up en masse, (especially the rabbits who've been frozen in the headlights for over 18 months as their investment has halved in value) what they own in their fantasy portfolios. Nope, I'd have a blog, call myself fatbloke or malcy, something like that, with a thousand low net worth individuals (isn't that right, SD235 or John, as fatbloke likes to call you ?). But you're going to believe what you believe, because it's the world you live in.

Nope, I'm here just visiting, enjoying the whining as this dog heads to zero. Hope you're having as much fun as me. 😊

'...Email written and sent to LSE - let's see how it goes eh?...'

😱 🤣

'...I can smell your sweat GG - and it isn't pleasant. I think you protesteth too much!...'

I'll tell you what, I'll come back after 10, when your carers have settled you in for the night. And tomorrow, you can come back here and whine and nurse your fifty percent loss you're still sitting on, 18 months after being told what the future held for this dog you so dearly cling to. You're cracking up badly lately notrex, even for you. Is reality finally sinking in ? You've done your money, notrex, there's no comeback for you, lol. At least you'll feel a little bit better when your incontinence pad is changed in a little while. Goodnight notrex.

🤷

'...I'm not the perv GG - nobody is going to knock at my door - or is that knock it down? LoL..'

🙄