Member Info for JC01

Terry,

We’ve got them on the ropes.

There again they weren’t much competition when it came down to the facts of the matter 😂

Broomtree,

You and the dope Jim come from “Even a blind squirrel finds a nut now again” school of investing.

Hutson crashes the SP to £8 beginning of April from £14. Even Hutson wasn’t capable of crippling it even lower. Now £11.49 so your YTD is still down over 17%. Every other global share metric is up YTD even the FTSE Dinosaur is up over 10% and you use a 3 month chart to justify your investment. Embarrassing.

Terry sums it up from 3 years ago and that’s with the Trump bump otherwise it would be worse.

You clowns couldn’t run a circus let alone the simple concept of making money 😂🙈

Terry,

Poor old Jim’s hard on % increase just taken a 3% hit in the US 😂

Terry,

Here we are. Eventually Tennyson will get it correct as it progressively lowers its target 🙈😂

Tennyson Target Price

11 May 2023 34.40

31 May 2023 34.40

6 Sept 2023 35.40

10 Jan 2024 30.00

11 Sept 2024 20.00

6 Mar 2024 20.00.

And 20.00 on every report

Terry,

He’s talking 💩 as usual and out of his ass .

Any small increase getting sold into so those institutions can get out at a profit. The SP can’t maintain rises/hold without the BB’s. The confidence just isn’t there.

Worya,

Hopefully so. Big improvement needed to get the rerate otherwise what was the point. Bear in mind this is one of the House brokers so will be a positive spin on it as usual.

For me the positives are :-

- Scale and significant increased FCF

- Organic growth

- Refinanced assets

-Improving liquidity

- Carlyle partnership non dilutive

- Ancillary opportunities ie Land sales , costs , synergies etc

Hopefully the Conference call will help a steady rerate

Terry,

I’m surprised you’re not suffering with concussion knocking your head against the thickheaded wall of Jim. What a dumb individual too thick to comprehend simple business 🤯🤪🙈

Terry,

More meat on the bone re Carlyle

Strengthened B/S, more liquidity: DEC has executed several debt financings in parallel with the Maverick acquisition, securing a new RBL (US$900m for enlarged group), issuing its maiden HY bond (US$300m) and its largest ABS to date (US$530m). Of particular note, the ABS X issuance served to consolidate and refinance three earlier ABSs (Term Loan I, ABS I & II notes issued 2019-20, aggregate outstanding of US$272m at YE24). The transaction allowed DEC to extract equity value from the underlying assets and refine its amortisation profile (which was more conservative on these earlier ABSs). Moreover, some of the hedges associated with these earlier ABSs were very low (sub US$2/mmbtu) and have been replaced, yielding an EBITDA boost of US$38m on the refinanced assets. Notably, the issuance was significantly oversubscribed (6.5x) and priced at a 6.4% fixed coupon, an 88bp improvement over the ABS note issued last summer. Reflecting the group’s improving financial position, group liquidity as of mid-May was up to US$451m, whilst leverage was 2.7x and guided to fall to 2.0-2.5x by YE25. Carlyle partnership brings funding & endorsement: DEC has unveiled a strategic partnership with US-listed global investment firm Carlyle. Under the terms of the pact, it is envisaged that up to US$2bn of non-dilutive capital will be invested in proven developed producing (PDP) acquisitions. The proposed SPV will be funded ~65% ABS (~US$1.3bn arranged by Carlyle) and ~35% SPV ownership (~US$700m), with the majority (>50%) of the SPV ownership sourced from Carlyle. For its part, DEC will use existing PLC liquidity to fund its minority share, which will consequently be classified as an equity investment (thus the ABS will be held off DEC’s B/S). In turn, DEC will receive its pro-rata share of FCF after debt service and amortization and be entitled to charge back G&A to the partnership in exchange for managing the operations. The arrangement brings on board a highly reputable financial partner and significantly enhances DEC’s ability to pursue acquisitions of scale, reinforcing its reputation as market leader in the PDP space. Moreover, the intention is for DEC to buy-out Carlyle’s stake in future and fully consolidate the assets once the ABS is partially paid down (no pre-agreed formula for this) providing follow-on deal

Tennyson snippets of unable to view

DELIVERING CONSOLIDATION WINS We are updating numbers on Diversified Energy (DEC LN) following the recent Oklahoma analyst site visit and events since closing of the Maverick acquisition. Adjusting our model inline with company guidance issued in March underpins a 15-13% upgrade in FY25-26 EBITDA forecasts, driven by a mix of higher volumes and better pricing from a higher liquids percentage. As evidenced on the site visit, the integration of the Maverick acquisition continues at pace with all operations shifted over to the DEC platform and ancillary functions to be transitioned by end-September. Confidence is growing around the stated US$50m target for acquisition synergies and in practice this figure is likely to be exceeded, in our view. Looking ahead, the new partnership with Carlyle provides US$2bn of non-dilutive firepower for fresh acquisitions and greater visibility over future growth. Meanwhile, the non-op JV partnership activities acquired with the Maverick deal act as a material offset against DEC’s production run-off rate. We maintain our BUY recommendation with a £20/shr target price. Maverick integration on track; capitalising on economies of scale: the US$1.3bn Maverick transaction is by far DEC’s biggest acquisition to date and, as we have discussed in previous notes (“Bigger, Better, Stronger” – 14 July 2025), reshapes the business for long term value creation. Using the same playbook adopted in prior acquisitions, the Maverick integration process is moving ahead as planned and due to complete in September, with most of the hard yards done already. A key benefit of the Maverick deal is the step change in DEC’s operational scale, a topic covered at length during the recent analyst site visit. This has created opportunities to consolidate and squeeze suppliers across the board, particularly in areas such as compression rental and chemicals. Put simply, DEC’s greater size and buying power means it has more clout with service providers and can demand/is being offered significant cost reductions as a result. Drilling offsets natural depletion & makes inorganic growth easier: on the analyst site visit management provided some additional context around Maverick’s drilling activities in the Western Anadarko basin. These are conducted through a JV with a large private E&P firm (~70% private E&P; ~30% DEC), one of the most active drillers in the region, which acts as operator and manages drilling on behalf of the partnership. Under the agreement, the JV is committed to drilling 15-45 horizontal wells per year at a cost of around US$10-11m each. These are highly productive (IP90s ~1-2 kboepd, ~75% oil/liquids) and economic wells (into Cleveland formation) with historic rates of return in the 60% range. Importantly, DEC has the right to participate (or not) in each well providing significant flexibility around its capital outlay. In our forecasts, we assume drilling capex of US$125m

https://*********************/companies/uk/diversified-energy-company-plc/research/tennyson-securities/tennyson-research-diversified-energy-delivering-consolidation-wins/e8051275-8899-4d00-bd7c-7daf73eb11b9

not certain if this tennyson rsearch note will open . remember they are the house broker and never had their sp buy recommendation been hit. now dropped to £20

https://*********************/companies/uk/oil-gas-integrated/diversified-energy-company-plc/research/tennyson-securities/tennyson-research-diversified-energy-delivering-consolidation-wins/e8051275-8899-4d00-bd7c-7daf73eb11b9/bd74f0ef-8745-48c7-83b1-90e05547c677

eviking

a man making a multibagger ( yes that’s over 100% profit ) on helix exploration as you stagnate on this pile of 💩 and get excited about a few % increases. hutson has taken your money , immediately devalued it and hopefully you wait and wait to get your money back . that’s not good investing . only another 16% increase needed to get flat on the year .

jim will be ******* in his cereal over his 1% increase as it will get sold off on any small increase. bunch of mugs and you keep falling for it

terry,

considering dec paid $1.28b through huge debt commitments and dilutive shares crashing the sp you’d expect the 2nd qtr to be an absolute fcf blockbuster otherwise the business is in real trouble. i’m certain hutson will be blowing his own trumpet about the integration , smart asset management blah ******* blah and the shareholder value being created whilst the sp is still down 18% ytd even with the trump pump.

Terry,

You’ve got to be pretty clueless in business not to realise that the BB’s have saved the SP from utter collapse over the last few months . There again you are dealing with Jim.

Unvrkw,

I believe the US can meet any future demands Currently :-

-High Inventories. Storage levels remain well above average.

- Record Production: U.S. natural gas production has hit record highs

-Milder winters

- Market Stability. A return to seasonal demand and supply patterns with more balanced inventories has reduced previous price volatility.

-The U.S. natural gas production capacity in 2025 and beyond is robust and likely sufficient to meet growing demands, including those driven by AI-related electricity consumption. However I agree it will need to expand infrastructure and production over the next decade to keep pace with the AI energy demands reliably and affordably.

- More gas-fired power plants are being planned and built, with estimates of up to 80 new plants by 2030

It will be interesting to see if any uplift from this US/EU trade deal and EU to purchase $750Bn US Energy ?

MrG,

Sadly there have been too many false dawns under Hutson’s watch. According to him each one either accretive ( I actually hate that word now ) or the strategy to turn the ship around to new fortunes for the business.

Actually they have all done the opposite just to get him out of the 💩 and in doing so utterly destroyed shareholder value whilst paying himself salary and extra shares.

All we can hope for is the conference call in August sheds some light on what this snake oil salesman is doing to improve shareholder value . So far on every call we come away disappointed with sweet FA in strategy. Just another scripted corporate liar of 🐂💩

I’m fully on board with that sentiment but these pullbacks get rid of weak hands and create buying opportunities.

We are all waiting for the life changing big prizes on this one

Have a good w’end all 👍

I was going to top up myself and stupidly let him buy first. Gonna have to wait now in case we get another pullback 😂🙈

My pal just confirmed it was the £50k not the £20k was his … Don’t worry I’m on for a drink ok

We are also in HEX Exploration big time. Still lots of potential there as well