Member Info for MrG123

I used 212 ISA from last year. Very happy with it. They pay quickly and accurate.

US SP is equivalent to 12.72 Vs UK DP 11.45. Over 10% difference.

Just too much to ask for a positive week ☹️ let's have some buybacks.

SP taking a bashing today. George will be back to tell us a story why 🤣

Gas up 4.5% today.

Some good buy demand again today. Could DEC be heading for a positive week 🤔

DEC is the top riser from the FTSE 250 index today. BOOM, BOOM shake the room (and hopefully shake off those shorting leeches!)

The sale is from the Appalachia region, which has lower gas prices. DEC strategy is to move more into the central region. I would expect they are constantly looking to exchange assets from one to the other.

Very promising that the sale went through whilst there are questions from the government. Nothing unearthed by the purchaser.

Dividend payments from tomorrow. Personally I'm not reinvesting. I've lost faith. Lack of consistent buybacks and the board too silent about any positive news. They seem to be happy for the big boys to manipulate the SP and milk the faithful small investor. 2023 has seen the SP drop by 50% and little to no accountability from the board. I guess the big shareholders are making a pile of cash from the up and mostly down SP. If not, why are they not demanding that the board go out and justify why we should invest.

Gas up 3.5% today

No lies or even sailing close to it. FACT: They said they would buyback up to 10% of outstanding shares. No promise on timeline or qty.

All you have read on this board is speculation about buybacks. We all have our own opinions on it and nobody guessed the exact DEC strategy of when and how many they would purchase.

As if by magic, we see the daily SP crash. This is relentless ☹️

Just a theory. Since Eric Williams the old CFO left in Sept, the SP has been in constant decline. No it can't be.... I'm starting to sound like GreyGeorge lol

It's DECs whole business model, to buy old wells. Use up the Gas and invest profits into capping. Very easy for them to answer all questions in the letter.

The timing and prior information leek was very damaging. But very profitable for some who had that knowledge. I hope DEC investigates.

Dividend is now at 26%. Cash generation is good. Buybacks happening. Gas hedge price is well above spot price. Now listed in the US that understands the market. All positive real reasons to invest. Set against a letter requesting details because of some dodgy article published some years ago with all ponts answered by DEC. Also requesting capping information that is clearly visible in most DEC presentations.

Is the investment market really going to miss the opportunity to lock in 26% returns? Or does it believe the SP will crash further? At what point does the dividend have to be before everyone piles in?

Sorry wrong company. Should have posted on DEC

Now at 26% dividend. That's insane. It's got to be a consideration to cut it and use the cash for buybacks.

DEC will use this opportunity to prove the great work they have/are doing on the ESG topic. Other well owners will be very nervous as they will be coming under the spot light. They will want to dump old wells at a big discount. DEC, as a proven best in class at dealing with these wells will be encouraged to take them on. DEC has been smart enough to build it's own well retirement company. If companies don't sell, they will be looking at a company to retire them. I can see the retirement business becoming more valuable than the Gas supply

Anyone buying into the bloodbath from yesterday will be rewarded with massive dividend payments. Also a potential huge SP increase. Fortune favours the brave.

I can see why they wanted to list this in the US. It must be a welcome change to the UK dramas.

Hopefully the rebound in the UK will be quick in the morning.