Member Info for Mulder

Of pipeline reopening shortly.

Meetings ongoing.

APIKUR reps are said to be in Kurdistan this week.

.

150p open?

Https://www.kurdistan24.net/en/story/36440-Association-of-Oil-Companies%C2%A0-Calls-for-Resumption-of-Kurdish-Oil-Exports

Market cap is now at the automatic entry level.

Tracker funds will have to buy in.

History made.

Anyone contacted him? 😄

Almost, in a declining interest rate environment.

Check out the price to sales ratio. Lidicrously low.

To all those who kept the faith here and realised how undervalued it was a year ago at 14-15p (my average).

Remember those videos posted here by so called experts who told PIs not to buy?

This is still substantially undervalued vs peers.

How much could the NA sale fetch?

Gold even!

Almost $1,200 profit per oz.

Forward P/E is still only around 5.

.

In the recent transactions column the Oaktree acquisition has closed and the Crescent Pass deal is progressing and both tick those boxes of being bought on low multiples and are highly accretive adding even more long term value to DEC. The company has led the way in top of sector margins, in this report it is 50% but cash margins are over 50% for all of the last 7 years and that is across many cycles in what is a volatile natural gas market.

Indeed, DEC leads its peers in Free Cash Flow conversion with 11x the peer group average and is a talented and efficient hedger with a team of traders who have for example hedged its 2024 output at some 40% above the NYMEX strip.

The company put a slide in the presentation which I strongly advise looking at as it confirms what I have been saying for years that there is so much embedded value in the undeveloped acreage in the portfolio that they can sell parts of it, when bid for at very profitable rates. The company are therefore buying high quality acreage when offered at reasonable prices and trading other interests, the acreage has a see through value which in Oklahoma for example of some $800m on its own.

Has anyone contacted this bumbling fool - is he even aware of how the share price has behaved this past year? Or the number of shorts?

'MUST HAVE STOCK'

Entirely possible that he loaned his stake to short selling hedge funds.

Sure sell but what will you do if a takeover bid comes in at a 30-40% premium? Can happen at any time.

Kellanova bought by Mars today for a 50% premium.

Blatant manipulation again by short sellers.

M&A probable.

Interesting strategy that - talking down your investments....