Member Info for Jim800

Latius - thanks for link but my point was that DEC should be giving their investors / potential investors this info. If doing a precursory look at financials on DEC financial data you could assume next divi not til Q3 so no rush to buy at present.

If DEC aren't going to do simple things to help investor confidence SP is going to stall here.

Trading Statement not so attractive if production compared with Q1 2023!

Q124: Recorded average 1Q24 production of 723 MMcfepd (121 Mboepd)

Q123: Recorded average 1Q23 production of 833 MMcfepd (139 Mboepd)

Q124 ◦ Exit rate of 742 MMcfepd (124 Mboepd)

Q123 - Exit rate of 872 MMcfepd (145 Mboepd)

Cash flow etc impossible to compare due to tax credits, derivative adjustments etc

It would be nice if they listed the production comparisons between Q1 last year and Q1 this year and actually explained the reasons behind the differences. Are they pumping flat out or have they slowed whilst price is low? I don't believe GG's Chicken Little conspiracy theories but a clearer, less opaque explanation of the numbers would assist investor confidence.

But that’s the one after next. Still due one xd end of May to be paid mid June.

No one other than dividend max seems to be listing dates for the May / June xd and payment dates, not even DEC IR website.

Interesting dividend max know the date and DEC IR website doesn’t!

Why are they keeping next dividend date a secret?

Assume they'll announce it on 9th May with Trading Statement but any new buyer now can't see where next dividend is.

New Corporate Presentation on DEC IR webpages.

A couple of things might inform holders / prospective buyers:

Priority remains debt repayment, sustainable (ie low) dividend, buybacks and acquisitions.

They're quite proud that even reduced dividend is top quartile so I don't see any special dividends on the horizon.

The following explains their BB strategy:

"Strategic Share Repurchases maintain financial flexibility for open market purchases, tenders, and block trades based on market conditions."

So looks like 3750 a day as routine with option to buy bigger packages when prices are low / cash is available.

They're aware of $6Bn of Occidental planned divestments coming soon - shopping spree coming with saved dividend money??

Dazzle - so you’re relying on Orcs to help the share price?

I’m relying on George the grey falling into a huge chasm with a Balrog and turning up next year as George the White with an army of Ents to help drag the share price up.

Apologies to those who missed Tolkien.

3750 share buy @ 0853 so looks like same old plan today.

Clued. Skier isn’t a person, that’s why he never answers questions.

It’s some sort of cut and paste and repeat early bot experiment.

It’s never answered a question or had a comment in any sort of context.

Skier - can you please clarify two of your points?

"The buy backs are accelerating." They started off at 3,750 shares per day and today were at (wait for it) 3,750 again. Now when I did my degree if something was at the same speed over a period of time it most definitely was not accelerating, there was no acceleration at all.

"The big players are buying a big stake." Think you mean one player has bought 5% - which other big players are you referring to?

By all means get excited and run about weeing on the floor - but if you're going to pretend to be factual then at least be factual - your constant exaggeration makes you look a fool.

The RNS was based on tripping the 5% - not all bought on a single day.

But I agree that much buying, even over a few weeks must have been a major support to SP - certainly better than the DEC BBs.

Perhaps knew what was going on with JAM and held off on the BBs accordingly.

From their website: "Jupiter is a specialist, high-conviction, active asset manager. Our purpose is clear – we create a better future for our clients and the planet with our active investment excellence."

So are Jupiter's active experts better than Voleon's AI Bots? Looks like Jupiter have convinced themselves there are no emissions / plugging concerns with DEC and that DEC are good for the planet. Just need to convince everyone else now.

I'm guessing GG doesn't work on Jupiter's investment team despite his insider knowledge of falsified reserves / production numbers / buying at spot to satisfy hedges.

Against an American backdrop of DOW down almost 1%.

UK gain of 1.5% much better than FTSE rise of .48% as well.

Up significantly more than both US and UK markets today.

Not sure his competence is worth discussing - he’s not going anywhere anytime soon so DEC’s future and his are wedded together.

More important question for me is what will it take to get SP over the £11 price? Next trading statement? Shift in gas prices? Reduction in interest rates? Increase in BBs? Decrease in debt levels? More acquisitions? Lower decline rates? Disappearance of emissions concerns?

I didn’t say the dividend was irrelevant I said you can’t keep adding it on to the share price to make yourselves feel better.

The SP is £4.64 not over £5 cos you add in a load of historical dividends.

PP - I’d argue that the BoD do have a significant impact on sentiment, which as you say, in turn impacts share price.

Repeatedly saying one thing then doing another does not improve sentiment:

- no more fund raises by dilution

- will keep the dividend at a fixed percentage of FCF

-will commence massive BBs

- will buy your shares at 105% if SP if you forgo the dividend.

All promised, none delivered. Hence the sentiment!

How long do you intend including the dividend? It’s gone - let it go. The share price is exactly what is it today.

If you want to talk about total returns over time then fine but the share price is what it is.

Some people losing a fortune buying at high 80s then selling out at low 80s.

Always good to wait and buy at the top! Any other useful info to share?

So if Genel pass the oil to KRG who then pass it yo SOMO who then sell it on behalf of Iraq and pass a little back to KRG it seems likely that not only will IOCs be producing oil with a huge delay in payments but not much of the cake left for the IOCs who actually provide the investment, the knowledge and the oil!

Time for IOCs to get a better deal or just halt production and call their bluff.