Member Info for Lukee

posted 10 minutes ago...

************* interviews spoke to james mccormack, research director at cavendish. james delves into the operations and financial health of the company, covering a range of topics including dec’s current business performance, the robustness of its dividend policy, its strategic use of asset-backed debt, and the company’s overall outlook in the context of not pursuing a u.s. listing...

https://www.***************************/diversified-energy-analysis-of-hedged-production-financing-and-positive-outlook%c2%a0by-james-mccormack-cavendish/4121132777

One thing that strikes me is that the past two days is the buybacks have started past 3pm.

Makes me think that someone at DEC has woken up in the US and spoken with the broker before they started them.

I think the CEO would be more concerned about a takeover price here when his holding 24,152,890 shares in the company than just keeping his job.

Here Sam

https://youtu.be/PrpmnAiLetk?si=hOE0w_53TtRtUfcr

Not much said as mostly talk about US related things like regulations for the industry. But always worth a listen when some of us have a lot of our money invested.

An American asking American related questions. Not much of a surprise.

I don't think I've seen anyone post it...

https://youtu.be/PrpmnAiLetk?si=sPBo86n44B0PYYT4

They are only allowed to buy an amount depending on trading volumes, it's FTSE rules not DEC.

It's been said multiple times. They can't just buy millions of shares today off the open market unfortunately.

Jim - Im sure Rusty said during full year results for last year "It will happen this year".

I do wonder if with the potential dual listing in the US meant that the BoD were in a closed period. That's now not happening, we may now see director buys.

I hope so anyways :)

Sage, you should also look at the huge amount of cash DEC generates vs talking about the current valuation of the company.

I mean it's overall debt sorry, which of course is mostly it's fixed rate, but including sustainably-linked.

Turning the sustainably-linked into further fixed potentially could happen, but the fixed rates will become higher.

Bond yields are breaking records all over and DEC does have a lot of debt. With debt being so expensive, DEC would be expected to do more placings for new acquisitions.

DEC needs to just get through this period without new acquisitions (unless able with cash flow) and reduce it's fixed rate debt, which it has hedges in place to do such. A fixed price tender offer for buybacks also makes much more sense than Decembers dividend right now.

My same thought sotonspike.

But I remember this time during COVID with DEC and the market sent it to 60p yet DEC was able to increase dividends during that period as they were hedged. It always seems to not understand DEC.

I've emailed Doug in IR and just messaged Brad Gray on LinkedIn after yesterday messaging Rusty on a reply he had done. (Not sure how often they look at LinkedIn)

Yeah, I'm really surprised we didn't get any RNS this morning other than the buybacks.

Bonds hitting record highs I don't think is helping us, but our debt is fixed. Lowering debt really needs to be a priority.

Now you really are talking absolute sh*t GG.

US nat gas is up after London closed you clown.

Muted.

Natural Gas Extends Gains in After-Hours Trading, Up 4.2% at $2.960; Would Be Highest Close Since March 3

Great posts Trotsky. Very factual.

"At 30 June 2022, total borrowings stood at $1,381m. At 30 June 2023, total borrowings stood at $1,555m. That's a 13% (not 31%) increase. During the intervening 12 months, DEC has spent $475m on asset acquisitions and raised $38m from asset realisations and $156m from equity issuance. That's a net outlay of $281m compared to a net increase in debt of $174m."

Madness when the mcap is now around $850m, the cash generation that DEC has and debt at fixed rates.

Driving Scalability by Transforming into Cloud

David Myers, Chief Information Officer at Diversified Energy

https://security.energytechreview.com/cxoinsight/driving-scalability-by-transforming-into-cloud-nwid-1258.html

This yesterday's buybacks announced this morning. We will get another RNS about today's tomorrow morning (if there is anyone, I'm sure there will be).