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Little bit more than what I thought it might be (1.25p per qtr), but not surprised that it was cut.
LTV upto 51.9% but not the bad scenario of 60%, some were saying we would breach. They remain committed to getting this towards 40% (Would expect them to say that though).
Thanks for posting that Trek.
Seems the answer to Q3 is mainly in DEC’s court, as they clearly aren’t able to explain to Analysts the Biz model in the recent conf call . Hence it would seem the divergence in Price performance between other US companies. Not sure it’s all because of UK small investors day trading. 🤷🏻
No doubts the update on the 12th will add clarity to the situation. Dividend / NAV and outlook.
Not too long to wait.
NM
Any feedback from the Analyst call. If the drop in SP is an indication, not so well then. 🤕
Roll on tomorrow’s Results and hopefully a good updated presentation with some good news to boot.
Good to see Nat Gas up aswell.
Just speculation on my part, so any views welcome. Could DEC brokers have negotiated with the Large seller on a price for their shares and so not actively sought to do an in market piecemeal buy back.
Suppose we’ll find out soon enough. 🤷🏽♂️
Sentiment is pretty shot and MMs dropping SP on low volume. Reckon we’ve had less than £320K traded, but 2.5% drop.
Low liquidity seen across the board at the moment. No cash to add and at present need to add elsewhere for balance. (Probably not a good idea to keep looking at my PF at the moment 🤕).
On Twitter.
“This is going to give West Virginia (#naturalgas) operators the ability to produce and potentially grow the production that hasn’t been there before. We should be seeing big benefits from it next year,” said DEC's CEO, Rusty Hutson Jr.
https://wvmetronews.com/2023/08/15/gas-and-oil-operators-talk-innovation-at-annual-summer-meeting/
Added more, now sub 102p average. At some point the market will reappraise the biz model and hopefully we re rate upwards accordingly. Hopefully back towards 120p. But in the meantime the dividend is very nice 😉
Must admit added 5K shares yesterday afternoon and 5K more this morning. Now sub 51p in my ISA. (Still working on a 5p annual dividend following a cut 😕. Hopefully it’s not).
Nice update
Good to see looking at Non Dilutive financial options.
Tomorrow morning it is then
Only hold 20K shares in my SIPP, but good to they’ve gone blue.
Now hoping for my ISA (100K) to follow suit. But 103p might be a little while yet. Still feels good to see the steady rise than all the falls of the past few months
Nice to see the tick up in SP.
Someone just 50K bought for 9p.
Hopefully good prelude to the Rick Rule Symposium next week. GMET in attendance.
Jim800, did meant previously that we had a down dip when the £/USD was stronger, just assuming the uptick this morning was the reverse based on UK CPI figures causing a drop in the Pound.
Still pleased to see a move back into the 90s.
Good luck all holders
Nice disposal.
Wrong board. Sorry.
Diversified Energy - Strategic Monetization of Assets #DEC @DGO_AIM https://www.voxmarkets.co.uk/rns/announcement/dfa66729-8612-4005-bb6a-ed896ac64776 #voxmarkets undefined