Member Info for TerryM1

Energean's Angola expansion in limbo after Etu preemption

https://www.lse.co.uk/news/energeans-angola-expansion-in-limbo-after-etu-preemption-23qy8nvyxnsgtyp.html

May explain the recent SP drop which otherwise seems like an over reaction, the shutdown of course caused lost revenue with not much of a reduction in costs but the upside is the gas is still in the ground and will be getting a higher price. Looking to top up at these prices.

I will try again

https://www.d-i-r-e-c-t-o-r-s-t-a-l-kinterviews.com/natural-gas-gains-as-warmer-weather-lifts-demand-outlook/4121252794

Take out the "-"s.

as i mentioned on 28 may hh rising most likely due to hotter than normal weather.

https://www.***************************/natural-gas-gains-as-warmer-weather-lifts-demand-outlook/4121252794

natural gas prices moved higher as warmer us weather forecasts strengthened expectations for increased cooling demand.

With the roller coaster of the DEC SP it is now dropping to the upper level of recent BBs which I believe was $14.50 a little while ago and $14.40 this year, may have already happened, it bounced off the $14.50 a number of times on Friday.

Https://finance.yahoo.com/sectors/energy/articles/diversified-energy-company-demonstrates-proven-220800731.html

Looks good but I think only retiring 388 company-owned wells and 98 other wells is not a much of an achievement.

Not quite so sure we will see sub £10 as HH has been rising for a time, up almost 5% today now at $3.249, most likely due to hotter than normal weather running up the air conditions.

However looks like the War premium is over before the end of the War.

Https://www.tipranks.com/news/company-announcements/abingdon-health-wins-wisconsin-tax-credits-to-expand-us-operations

Abingdon Health’s US subsidiary has secured certification for up to US$370,000 in performance-based tax credits from the Wisconsin Economic Development Corporation over three years starting in 2026. The credits are tied to job creation and capital investment at its Madison facilities, reinforcing the site’s role as the company’s North American hub for development, manufacturing and commercial operations.

Tyma

First B shares

https://www.londonstockexchange.com/news-article/AERS/b-share-scheme-first-distribution/17410136

B Shares of one cent each will be paid up from the Company's special distributable reserve and issued to all Shareholders by way of a bonus issue on the basis of 9 B Shares for every 1 Ordinary Share held at the Record Date of 21 January 2026. The ex date is 20 January 2026.

From what was paid I get £0.078 for every A share

The second B shares

https://www.londonstockexchange.com/news-article/AERS/asset-disposal-update-b-share-scheme-distribn/17505664

B Shares of one cent each will be paid up from the Company's special distributable reserve and issued to all Shareholders by way of a bonus issue on the basis of 54 B Shares for every 10 Ordinary Share held at the Record Date of 24 March 2026. The ex date is 23 March 2026.

From what was paid I get £0.046737 for every A share

Worya, Oiled-up

“Can you two please stop it.”

In my defence I have tried to stop this many many times as I said to Jim I will not comment (and have not for a very long time) on any of your post (unless you are bad mouthing me) and asked him to do the same but unfortunately he is totally and utility obsessed, can't stop it and throwing insults at me. I asked him to filter me but of course he wont. From what I can see he has similar issues with other people on other sites as it leaked onto this site. I take your point about the fool filter and very apt on this occasion, may the only option to shut him up but somehow I think he will just continue his attacks. It could be his way to stop me from posting as when I do he goes for the full 1/2 hour argument, he hates any one who has the cheek to disagree with him, JC01 comes to mind.

Jim

Can't stay away can you totally obsessed.

"Terry - as per many times before, if you post nonsense on public forums prepare to be corrected!"!

Then correct it with facts, I use facts not stupid opinions or a few cherry pick numbers, love the one where you wanting/expecting war to end in Iran and DEC's SP to rise, never came back on that one after you were called out, but of course you could not as you looked like a moron (not my words) after a stupid fact less comment .

"Your poor investment timing is your fault no-one else’s - accept it and move on."

My investment timing is fine as I proved with SRT, CCJ, NXE, ENOG, ANGC (another company I mentioned) and many others also trading DEC shares, in DEC's case it was a change of the way Rusty runs the company, nothing to do with timing, look at some facts, over 10 times now a Rusty acquisition has caused a SP drop, fact, the SP drops are not random events or just bad timing.

Has it sunk in yet that Energean dividend drop was caused by a 41-day shutdown of 70% of their production forced on them by the Israeli government where DEC's was a deliberate choice by Rusty to buy more wells, no comment on that fact by you I see. I use facts not random statements.

Still waiting to find these global factors that you said only effect DEC but not it's peers, I guess you will have another memory loss and deny you said it like the last time when I had to go back and find your post.

Now try to stay away from me for a least a short period but you can't.

Hghotshot

"Bravo!! I fully agree with all you have said. In particular, I share your disaffection for Terry's repetitive, bigoted claptrap."

Please enlighten why it is bigoted claptrap, it is all fact, try addressing the facts instead of insults, when you turn to insults it proves you have lost the arument, bring it on says more about you than me.

Money now in IWEB/Scottish Widows.

Jim

As I said many times I will never comment on any of you posts that aren’t about me, please do the same, it is so boring, I am sure this obsession is doing you mental harm if not financial harm. So just give it a rest but you won’t, you can’t.

Jim

See you back with your obsession which did not take long. Are you an oxymoron or just a moron (not my words) but those asked by another poster when you got it totally wrong again. Kept you quite for a time, still all good things come to an end.

“Terry, yet another continuation of the boring, repetitive, emotional and factually incorrect narrative you continually regurgitate.”

Not emotional just factual, it is the repetitive acquisitions that is causing all the trouble, take a look at DEC’s peers SP over the last 5 years, wake up and smell the coffee.

“Diversified told us all of a change in strategy and a reduced dividend over 2 years ago - yet here you still are bleating about it.”

Yep, disgusting behaviour taking the dividends to spend on SP trashing acquisitions just after saying nothing has changed, no mention of change in strategy. To add insult to injury no dividend rise in 3 years while inflation high and HH going up.

“Rather than “trashing the share price” as you continually whine, share price is up over both 2 and 1 year - not trashed! In that time, although debt has increased, so have reserves - massively!”

Go on chose a time frame after SP plummeted which fits your view of DEC, as I said take a look at 5 years or more to see the real picture.

“Yep other peers have done better - if you’re so clever why weren’t you invested there? 😀 Anyone can make a bigger profit with hindsight.”

Not there but I was/am elsewhere, I gave you SRT, CCJ, NXE (which I invested in) up double or more, also others which done well, take a look at those, bet you were not clever to take them up after I told you about them. All you said was I should not mention other shares on this board, looking silly now aren’t you.

“Your obsession with Rusty is a bit concerning”

Really, he has cause me more financial grief with his lies, change of strategy etc than anyone else.

“Why would the largest shareholder want to “trash the share price?””

That is the question you should ask as he repeatedly done the same thing over 10 times now and every time it trashes the SP, I guess it is about him and his ego wanting to be the new JR. Still he does not care as he just keeps giving himself and his mates more free shares for trashing the SP.

“Your beloved Energean has just cut dividend by 2/3rds, share price reduced significantly and not a peep from you about that. Strange, very strange.””

Energean is not my beloved, what gives you that idea, I hardly every mention it but you do a lot in regard to me, just another of your obsessions, you are just delusional. I have a reasonable but not large investment which is nicely in profit, done better elsewhere but a profit is a profit, what’s the problem? Unlike you I like profit. Also I think you are a bit thick to say the lease, Energean did not cause this situation, I guess you have not heard about the Iran war. DEC did deliberately trash the dividends to buy more wells, see the difference. I gue

As I mentioned before trading was allowed until 24 Apr when it should have been stopped at time of delisting because Computer Share forgot to turn it off. Now they are trying to find out who owns the shares so they can be paid. Computer Share is asking for this info from the brokers, in IIs case they agreed to pay all of the shareholders who did not trade after delisting and payments were made over a week ago, probably same for AJ Bell.

I phoned IWEB/Scottish Widows but they could not tell me anything except standard reply and did not mention anything on the situation above even after telling them this they said they knew nothing about it.

JC01

Yep been trading, now in profit but not enough to anywhere justify the lost opportunities elsewhere this cash would have brought. Rusty just can’t stop himself, just has to add more wells, lots more debt and AROs. Been considering Realloys on NYSE, only company really able to produce rare earth minerals outside of China and will start producing in larger quantities as US ban on these from China comes in, worth a look, lots of info on oilprice.com.

Great comment from broomtree, “steady and reliable divi”, so reliable it was trashed by 2/3s and fixed for 3 years therefore dropping against inflation. He won’t be able to see this as he filtered me for telling how it is and I am very happy with that, great result.

MrG123

“Traditionally the SP tanks when a deal is announced. That didn't happen this time”

That is because Rusty decided to announce the new deals at the same time when the results are publish and have been improving (twice in a row now). SP may well not tank but losing any gains from better than expected results. A new Trusty Rusty cunning plan to hide the bad effects of his so called accretive deals (LOL), he announces some debt reduction in the results and then adds much more with the new deal (which of course is not in the current results) in order to fool some people in thinking he wants to reduce debt while massively increasing it. The financial markets are not that stupid to be taken in by this behaviour and if it continues expect a sell off towards the results. Rusty will always find a way to trash the SP as can be seen from the SP of DEC's peers compared with DEC.

This does seem to be taking far too long, since the decision to wind down the market has gone down, this was to be expected with a Labour government and probably will not get any better as Labour turns more left wing with more/worse regulations, tax, higher gilt yields etc and I fear we will not get the prices for the property that was hoped. May be worth putting a hold/cancelling this until after the next election as we may well have lost the window of opportunity to sell out. Most of the REITs/ITs I have that have been fully liquidated have gone well, those still in the process are not doing so well.

The question is why it is taking so long, is it that the management's heart is not in it as they don't want to lose those lovely salaries.

Agree with NickRubens and Gerry557, the global political situation is putting gilt yields up and add in the chaos in Labour with the prospect of an Andy Burnham PM will push rates a lot higher and has increased the chance of water privatisations and we all know we will get shafted if this is nationalised.

However if he does become PM I think he will find he is very much "in hock to the bond markets", after all that is what is keeping the government afloat and raising even more money for privatisations will be very challenging, perhaps just go for Thames water as this is the bogeyman and honour is satisfied but who knows, Labour are irrational and he may just strike out at other water companies (regulation, cap on profits etc) out of spite to keep he supporters happy. As the Chinese say we live in interesting times, I have a small amount in PNN however slowing but surely I am moving my investments into companies with very little/no presence in the UK, if all goes well I will follow and leave the UK, just wish I could go sooner.

Swapped from Aviva to LGEN a few months ago as looked better value and dividend, already up a bit before this rise taking into account dealing costs. Looks like others have seen value here, could get interesting.

Cash has arrived in II, not in IWEB.