Member Info for greygeorge

'... Plus then get paid to cap them economically and climate control wise!!...'

Climate control ? Yeah, um I think you're getting the planet confused with you car dashboard there. 🙄

That's right SD235, they say they 'hold' 'x' amount of land.

Good for you pickledputin, fill yer boots, son !

Sorry hghothsot, you're right, that should have been MILLION acres.

Yeah, I'm beginning to think this Malcy is as much of a liar and fraud as jokebloke.

He claims that DEC Oklahoma undeveloped land acreage alone should be valued at $800 million ??? Given that it sold a parcel of land back last year at less than $1000 an acre, I think whoever thinks that DEC has close to a BILLION acres of land in Oklahoma might have been, well, lying, I think is the word I'd use.

'...Diversified Energy Company PLC (LSE:DEC) ("Diversified" or the "Company") is pleased to announce the sale of certain undeveloped acreage within Diversified's Central Region (the "Assets") for net consideration of ~$16 million (the "Transaction") to an undisclosed buyer.

The Assets include approximately ~22,000 net acres in Oklahoma, representing a small portion of the Company's undeveloped Central Region acreage. The Transaction demonstrates Diversified's ability to realize upside within its broader portfolio by monetizing undeveloped and non-core acreage...'

Thanks for that reply, Jim800.

Oh, dear. 😔

Well, the announcement states 'subject to the customary lock-in' requirements. As per unusual DEC can't even come out with a definitive statement of fact. Customary lock-in is minimum 90 days, up to 180 days, so I guess DEC wants to keep everyone not 'in the know' not to know until the shares are dumped by their new owner.

Yep, if they decide to sell, a big pile of nothing, though shorters won't be worrying about any sudden shortage of shares between now and then, knowing there'll be about 5% of the total shares in issue hitting the market. They can sleep soundly for the next six months, for sure.

'...You’re out so get lost...'

😱

I think I'm blocked by the two who've been discussing 'uncomfortable holding' of this share.

I eventually sold out of this dog, I held too long because actually realising a loss felt more painful than sitting on paper loss, in the short term at least.

But I swapped what was to become a sub 3% dividend, with no hope of share value appreciation to a company paying 8%, that has a proven track record of sustaining and raising dividends (covid-excepted) for years and years. As with a lot of companies, at the time I bought, the company was near a multi-year low, but at least I could understand what the company is, what it does, how it will continue doing what it does.

After the short-term pain of taking that loss, I'm now a very comfortable holder of shares in a company whose price has risen, together with its' dividend.

So, I'm just wondering, for those longer-term holders who bought into DEC when this seemed like a decent enough company, why are you still holding when it makes you so uncomfortable ? what do you see in the future that is justifying sitting on these shares when there is no clear management strategy to improve the share price ? You're not even getting a decent enough yield to justify holding on to this. What do you see that the rest of the market doesn't ?

Share price was £11.08 the day before announcement of this 'great deal'. Today, on completion, the share price is below £10.30. So, it was indeed a great deal, but for who ?

Share price was £11.08 the day before announcement of this 'great deal'. Today, on completion, the share price is below £10.30. So, it was indeed a great deal, but for who ?

So, the customary lock-in period for these newly issued circa 2.25 could be anywhere from 90 - 180 days. At which point the owner of the new shares can hold, or sell. This will be interesting time. If they sold a load of crap to DEC then they will want to dump the shares at the earliest opportunity. If they think DEC got a 'great' deal then they will surely want to hold onto those shares for future upside - that moment when the rest of the world finally figures out what every investor left nursing severe losses already knows - that DEC is the gift that just keeps on giving.

I wonder what jokebloke and malcy think will happen.

I'm sorry for your pain and anger, notrex.

'...New shares to be issues on the 19th. So buying back a small number daily and then issue another ton. Anyone know the deal price on these shares or was it floating?...'

This is an interesting question. The 2.25 million shares is another grey area for investors to try and fathom out when considering just how 'great' the deal is. I mean,m it's actually BS, isn't it ? Let's say you have an asset, and another company wants to buy it. The buyer tells you it will pay you 2.25 million shares. But you're not going to get those 2.25 million shares for three months. So, how much have you just agreed to sell your assets for ? You don't actually know, right ? does this make ANY sense to anyone here ? DEC and the seller know what cash equivalent they've agreed on, so why isn't DEC sharing that information with its' investors ?

'...At some point renewables/nuclear will take over and very little gas required and if Rusty continues with his strategy we will end up with a lot of non performing wells to plug and a load of old rusty pipes. This will not happen for a long time but Rusty's obsession seems impossible to stop without IIs intervention...'

Lol, I think DEC grossly overstated reserves and aging wells will mean DEC disappears long before the need for NG does. 😁

I'm happy to interact with anyone who actually has something to say. You should try it some time - actually saying something, I mean.

'...Wahahahahahahahahah - poor spineless GG - he wants to be a saviour - cute eh!? LoL..'

Quite the opposite, actually. I'm happy to come here and ridicule those who are sitting on losses, clueless as to what to do next, frozen in indecision, too cowardly to sell and take the loss, to move on and invest elsewhere, too dumb to understand that a capital loss in return for a decent yield is a far better option than to collect a sub 3% dividend while the share price stagnates, or sinks to zero, all the while wondering when this share will climb again to £20. 🤣

'...So who do we believe. The oakbloke with his fantastic well structured explanations or GG the 🤡...'

Well, to be fair, both of us have been consistent this past 18 months. He's been screaming to buy, or at least hold, this dog all the way from over £20 down to £10 and below. I've taken the opposite view, trying to warn people what was going on in Feb/March 2023, so that they at least knew they were being misled and could, if they chose, have got out while they could still get close to break-even.

For all the insults, jokes, and arguments, I sleep well at night knowing I didn't lie to anyone, and contribute to their 50% + loss on this dog. And let's not even go into the dividend cut, lol.

DEC are nowhere close to owning anywhere near enough acreage to justify a $ 800 million valuation. 🤡

'...The largest landowners in Oklahoma by acreage include :

Oklahoma Department of Wildlife Conservation with 1.4 million acres

Commissioners of the Land Office with 725,000 acres

Federal Government with 703,336 acres

Drummond Family with 433,000 acres

Oklahoma Land Trusts with 151,387 acres...'

Mulder - '... being bought on low multiples and are highly accretive adding even more long term value to DEC...' Based on whose independent analysis is this statement based ?

'...undeveloped acreage in the portfolio that they can sell parts of it, when bid for at very profitable rates...'

Again, whose independent analysis is this based on ? It's undeveloped, is that farmland, or is it zoned industrial, commercial, retail or residential ? Values after all can vary considerably depending on what the land is zoned for. So, under what zoning presumption is this land considered 'profitable' ? Farmland for example goes for $2500 per acre, so does DEC own 350,000 acres of 'excess' land in Oklahoma that would make this valuation of theirs make sense ?