Member Info for MrG123

Everybody wants gas in 2026.

As we feared SP held back due to another play on the books. Min $100m suggests it could be another deal coming. Meetings starting today so it looks like a quick one. If gas price holds and the deal is a good one, it could be a good thing in the long run. Others are not getting credit and pulling back from expansion/exploration so DEC is at least being brave or stupid 🤔

This is what pees me off. They are a lot worse companies out there with a lot better SP. Those companies have one thing in common, they promote and explain. They tell a good story and convince investors there is something in it for them. Rusty and his team started out this way. Honesty and a drive to run the company for the benefit of shareholders. That was reflected in a good stable share price and generous dividends. Then something changed. As you say Terry, the man went power crazy at all costs. Yes Jim, the company fundamentals are great but the damage has been done. Rusty has to go. Give the directorship to Oakbloke!

Gas price increase sets a new record. DEC SP actually decreases. The largest gas well holders cannot even hold the share prices with everything in their favour. The market has a complete lack of faith. Not in the firms ability to convert gas into cash but in the share price management.

Gas hits $5 📈🤑

Another massive jump in the gas price. Worst case, DEC gets a short term boost from the sales without a hedge. Best case, the gas price holds, market panics and accepts an increased hedge price + share dumpers sees the potential gain and stop selling. This could get interesting. Even GG must be contemplating buying 😊 Come on Artic breeze, let's have a freeze 🥶

Terry, BBs are not used by them to support the SP for us. Only to garuntee their mates a decent price when selling shares. But gas revenues will be going on debt or deals so it should have an impact eventually.

Even DEC will get caught up in the rising gas price soon.

In the meantime the SP hits a new low. Surely not many sellers left.

On a positive note the gas price is still shooting up and hopefully above $4 soon. SP might be struggling but the business will be raking it in 💵

S&P 500 Energy Sector is up 6.8% YTD. How does DEC compare? DEC is 14% down YTD. So over 20% behind the average.

Gas 18% up now. DEC SP up 0.1%. Old trusty Rusty has lost the market confidence.

The only short making any impact now is the short crust surrounding the cheese pasties 😊 keep buying the shares and the odd pasty!

US Gas up 10% today.

You know the British GG, we love to talk about the weather. Those buying DEC at the moment can make a profit as it heads towards the next dividend + bullish gas prices. Buy in the 9s and sell in the 11s.

EU natural gas prices are rising. More cold spells predicted. Expect US gas to be in demand and the price to rise soon.

Once again shareholders are left in the dark. Buybacks just start and stop without any explanation. The board really have no idea about investor relations.

The management have a very easy task, reduce the dividend and use the proceeds to buyback shares. Creating a decent share price will give them a lot of options.

DEC have never hid the fact that the assets will need to be retired. They have proven it can be done in-house and at a reasonable level. Maybe an underestimation of the total asset retirement cost but do they need to report on the total assets at this point in time? They don't include all additional revenue streams like land sales and potential further oil/gas finds. In my opinion nothing to worry about as future revenue will cover all commitments.

Sorry Terry, couldn't resist.

I agree it will bounce again pretty soon. The buybacks seem to be a reaction, for once trying protecting the share price.