Member Info for Lukee

DEC buying, US investors buying... When will shorts close their positions? Nearly 5% of the company shorted, that's a lot of shares to buyback in potentially a short period.

Short squeeze time.

I don't see how Halifax isn't pocketing the extra 15%.

I remember others with this issue in the past. Really needs a complaint to the Financial Ombudsman after complaining internal with Halifax if they aren't resolving it.

Complain time Synapses. They shouldn't be doing that.

I expect to see new buyback scheme announced by the end of the week as Rusty spoke about such two weeks ago. Or the previous buybacks to start and maybe some director buys would be great to see.

Even more US investors will pile in. It is crazy the US buys vs UK, but guess the shorters are using UK only shares that UK holders use... They'll have to buy them back themselves at some point though :)

GLA

It will be interesting to see New York open for a full day without London.

Totally right Andy.

DEC would previously fund new assets with debt at low rates and also a placings at around £1 (£20 current shares).

They are unable to both currently and with gas at such lows, these a lot of potential opportunities...

One interesting part in the interview with Rusty and Brad Gray on Dlrect0rs Talk after full year results.

Near the end of the interview, they talk about the big gas company mergers in the US that will require FTC approval, and FTC may require them to divest some assets, and DEC will look to acquire them.

Still nothing from HL, but not worried... It'll arrive lol.

Sure last dividend was a day late with HL. But still faster than some other brokers. Think with it being USD dividend and can't hold USD in account delays it too.

Closed until Tuesday now. Have a good long weekend all!

Uncrossing trade unfortunately Richard.

But does seem something happened, maybe some directors being able to buy after a week grace period of full year results or they are using the previous buyback scheme and sent money to the broker.

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Guess that's the guy who thought DEC was having to buy gas to sell it because of the hedges lmao.

Hopefully push them to send money to the broker to buyback!!

With the dividend cut they could buyback the company in a few years at these rates.

From 36:18 on the Webcast

https://ir.div.energy/news-events/ir-calendar-events/detail/20240319-2023-final-results-earnings-call

Quick basic transcript I wrote out quickly lol...

Rusty “We want to be able to reallocate cash and be more strategic in the way we repurchase shares, you will probably see us put some type of share repurchase plan in place that will be, that I would call on the shelf would give our share repurchase programme over to our brokers and allow them in certain guidelines to buy shares on a daily basis and keep us out of restricted periods, here's the guidelines heres the framework go and buy as long as it falls in that. You will see us redeploy cash into that over the next several months.”

Rusty during the full year results said a new buyback scheme will be put into place, but will have to be 10 days after results.

I look forwards to the day shorters and DEC are buying back at the same time :)

new video, maybe search

diversified energy company plc ceo and cfo discuss 2023 results, strategic acquisitions, and sustainability efforts (video)

i'm sure lse will ban the link

https://www.***************************/diversified-energy-company-plc-ceo-and-cfo-discuss-2023-results-strategic-acquisitions-and-sustainability-efforts-video/4121148334

Yeah interesting hearing Rusty talk about meetings with US institutions not impressed seeing a 30% dividend lol.

Also the potential to become part of the Russell 2000 Index. Will see a decent infows from tracker funds if that happens.

Closed period ended, DEC positioned to buyback more shares aggressively.

Cost of $14,754 per well plugged is incredible, while paid $155,824 per 3rd party well.

Great post, thanks for that.

Good luck all tomorrow, full year results and dividend news!! Maybe something extra too, we'll see.

*Great to hear the finer details of some of the deals that DEC has done too.

(That was a mess)

I've watched it twice just to make sure I didn't miss anything, really good watch/ listen.

Great to hear the finer details of some of the details DEC has done me too.

Full year results 19th of March.

First quarter trading statement last year was 9th of May, so that won't be far away either.