Member Info for Lukee

After the 19th full year results I reckon buybacks will continue as closed period right now, hopefully some director buys too!

Really good talk on a podcast with DEC’s Senior Vice President and Investor Relations & Corporate communications Douglas Kris on YouTube if anyone hasn't watched yet...

https://youtu.be/DM4nauO3mTM?si=YWjjqxeehktds0cb

DEC’s SVP of IR & Communication joined Chuck Yates' podcas

(not sure if posted already)

https://youtu.be/DM4nauO3mTM?si=Jj969rAqgHLIiC8h

Around the time it dropped there was news or "Empire Diversified Energy" with signing a merger agreement for $250m... Feel like it can't be that but maybe AI programme dumped on such lol... The way it's coming back up now it makes me feel it was

Roger Hutson grew up in Colorado and when to Golden Senior High in Colorado.

Rusty grew up in West Virginia, 2400 kilometres distance.

Doesn't seem likely.

I was really disappointed with the NYSE volume at the start, but some days now it's higher than LSE! Interesting to see how it goes.

The West hasn't stopped releasing data, such as youth unemployment as it kept breaking records in China before they stopped.

Thousands of Chinese citizens are fleeing to America every month via the Mexican border as inside China is so bad.

Yes, the West is in top shape compared to China.

Incredible, below COVID lows... Hedging policy paying dividends, literally :)

Interested to see if and how many shares are bought back today. Already this week 121,000 bought overall. 2,420,000 in old shares!! Lol.

60k buyback yesterday too! A fairly chunky one.

Oh look a tender offer I mentioned many times :)

Interesting way to do it though! Nice.

If capital is spent on buybacks instead of dividend, they would spend 15% more than we would receive outside a SIPPS, also putting less pressure on future dividend payments. I think a dividend cut is unlikely though.

I still think we'll see a tender offer announced for say 10% of shares in issue for a premium at some point, or something similar.

Diversified Energy announces closing of innovative deal to unlock current asset value

https://www.youtube.com/watch?v=ihuKAWilXDw&ab_channel=ProactiveInvestors

"We feel the current stock price is a on a valuation basis is a good bargain for us and for us to buy our own shares at these low prices and low valuation is the best use of some of our capital. So we'll be looking at ways to potentially do that to create capital to buy back shares, because we think that's probably one of the best uses of our cash at the present time".

What I wanted to hear :)

Another good article/blog post whatever you call it by Oakbloke.

https://theoakbloke.substack.com/p/dec-iding-to-speak-the-unspeakable?utm_source=post-email-title&publication_id=1859293&post_id=141193155&utm_campaign=email-post-title&isFreemail=true&r=37jnup&utm_medium=email

Yeah you're most likely right, but a fair while until the 19th of March so I hope you're wrong lincoln :) haha

Hopefully with statement done we're no longer in a closed period for a while and will now see BoD buys... Will be interesting to see NYSE volume today.

Thanks for posting that Terry.

"Diversified may struggle to meet plugging obligations as soon as 2036"

"May"... "As soon as 2036"

Made me laugh.

Always best to do it in the dollar as that's what it's paid in and converted and the exchange changes often.

4.375 cents previous x 20 = 87.5 cents a share. Take off 15% if its held outside a SIPPs.

A lot of dividend for shorters to cough up.

Article of DEC on there website in PDF form.

"Short campaigns"... Pretty expensive short if DEC doesn't cut dividends and they'll have to be paying for them with there short positions.

https://www.snowcapresearch.com/shortcampaigns

Only thing I can see is this

Snowcap activist investment firm...

"We are short Diversified Energy $DEC the single largest owner of oil and gas wells in the US. Decline rates appear higher than reported, dividends are not sustainable, and ARO liabilities may be significantly under-funded."

https://twitter.com/SnowCapResearch/status/1749767081795502236?t=xkoHOP_pIex31Rt3MDhkIw&s=19

Just saw that happen live too Luther, strange one. Happened exactly at 12pm when pre market opens on the NYSE I believe.