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The Sky News article says the DCA car-loan scandal could cost banks "tens of billions" of pounds. That's a bit more than the "millions" that LLOY has (so far) put aside.

Looks more like a buy. Wonder if a shorter is checking out.

If Shell quits London, for NY, it really will be a devastating blow for the London stockmarket. Maybe a knockout blow.

Having said that, Shell today is only about -10% undervalued, compared to Exxon and Chevron by PE ratio. The valuation gap for oilies is nowhere near the colossal 10x gaps found in the tech world (such as ARM, etc.).

Yup, fair value here is in the £25-70 range. Significant multibagger potential from a (very) low base.

DEC now up +25% in 2 weeks. Really starting to motor. The naive dividend gamblers are finally fading away, and the journey for growth investors has begun and is coming strongly to the fore.

Great to see DEC focusing on the US, where there is money, growth, and optimism. UK investors have had their chance, and all they ever bring to the table is misery, pessimism, and a weird obsession with dividends. Promote DEC to America, get the word out, they have a growth and buyback story to tell.

Crude and gas spot prices are up about +1% in the US right now.

Fire is on a Pemex rig (nothing to do with DEC) and has now been contained.

No need to get in a tizzy! It's very simple. DEC is buying back 10% of the entire company in 2023-2024. That's huge. Like a partial takeover. To put it in perspective, the average US stock buyback ratio is just 1-6%. The DEC buyback is 2-10 times bigger than average. It's huge.

Yet another strong intraday reversal. Seeing the same uptrend pattern almost every day now. The shareprice has bounced over +20% from its low, making it a bull market. The close today above the psychological £10 line is an important one. It's back in double-digits.

DEC is buying back a huge ~10% of all its shares in 2024, a very positive sign. A colossal buyback. The Russell 2000 listing is coming up in May-Jun 2024, when index trackers will have to start buying in. More buyers, less shares.

DEC sits on a PE ratio of 1, versus a sector average of 7. Matching the sector average would give DEC a shareprice around £70. A DCF calc suggests DEC is worth around £35. Stifel, a broker, sets a price target for DEC of £28. The market loves the CEO'S new growth strategy.

And don't forget the cherry on top -- DEC's impressive ~10% dividend.

The positive signs here are snowballing 👍

Yup, a very clever strategy from DEC. It will be buying back a huge chunk of shares. It's kind of like a partial takeover approach! Yet another very bullish sign here for DEC shareholders 👍

Link.

https://m.economictimes.com/nri/latest-updates/uk-is-officially-the-worlds-second-most-miserable-country-these-were-the-happiest-and-unhappiest-countries-of-2023/articleshow/108361220.cms

And don't just take my word for it. The UK is now independently and officially listed as the world's 2nd most-miserable country on all of planet Earth. This is what London is battling against. Seventy million of the gloomiest people in the world.

Of course. But the FT is the UK's 1st or 2nd most important newspaper, and should set an example. Lead the way. Turn its frown upside down.

Until our culture changes, London will never ever return to being a tier-1 stockmarket. New York talks companies up. London talks companies down. I can barely read the FT newspaper, these days, because it is just page after page of misery and doom scrolling. If you've got a $50b AI company to float, where are you gonna list? Upbeat New York where they think AI is the new Internet and you're worth 10 x sales. Or downbeat London where they think AI is the new 3D and you're worth 1 x sales. New York wins every time.

DEC is profitable and sitting today on a PE ratio of 1, versus an oil-gas sector average of 7. The multibagger potential is colossal.

Warren Buffett, the world's best investor, recently said he invested in Occidental because he "particularly like[s] its vast oil and gas holdings in the United States".

DEC has vast gas holdings in the United States (around ~70k wells), is co-listed in the United States, and is about to join the prestigious Russell 2000 index in the United States.

The Dow today plunged -2% from peak to trough in a couple of hours. The red line on the chart looks like a cliff-edge. A classic bit of panic-selling. The FTSE could shed 100 points tomorrow.

Looks like a big US pullback has started. S&P500 bounced right off the 5260 Fibo resistance line today, then a US Fed ratesetter said it might not cut rates, then Iran threatened to strike Israel, then oil spiked, Taiwan is getting earthquaked (chip factories), and then gold leapt to a record high. A perfect storm. Could get choppy in the next few weeks. Wouldn't be a surprise to see the S&P drop under 5000 if the US employment data tomorrow is even slightly bad.

DEC today has closed up +20% from its low, so it's (kind of) officially back in bull territory. The momentum and bounce look strong.

Https://www.proactiveinvestors.co.uk/companies/news/1044553/diversified-energy-company-publishes-annual-sustainability-report-1044553.html