Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Investec: Diversified Energy dividend at risk without asset sales
According Investec analyst Alex Smith, US oil and gas producer Diversified Energy (DEC) has one of the top dividend yields on the London Stock Exchange, at over 20 per cent, but its balance sheet is starting to creak. He said the payout would have to come down without further asset sales. “Currently, the company does not have the liquidity beyond 12 months to maintain its current dividend,” Smith said, estimating the company’s annual interest payments at $174mn (£137mn).
Earlier this month the company announced an asset sale that would bring in $200mn, although was more a complex spin off transaction than standard divestment. Diversified shares fell 5 per cent on Monday morning. AH
Stifel analyst David Round said the pricing of the assets at around NAV pointed to the company being underpriced on the market. “The cash injection is also welcome and should improve confidence around liquidity,” he added.
Diversified Energy Company May Face Headwinds In Their Derivatives Book
https://seekingalpha.com/article/4651590-diversified-energy-company-headwinds-derivatives-book
Https://www.gear4musicplc.com/media/1314/gear4music-ar23.pdf
Yes trading now below TNAV
"The good news confirmed today and not reflected in the share price is the fact that senior politicians from Iraq / Kurdistan and Turkey are at long last negotiating seriously, water / oil and the most important factor, the division of 💰 money"
can you share a link please?
Dana Gas receives $80 mln from Iraq's Kurdistan region
https://www.reuters.com/business/energy/dana-gas-receives-80-mln-iraqs-kurdistan-region-2023-08-09/
Isn't it the norm as new people come in to let out all the bad news ?