The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
"Or perhaps they’d known for ages they were going to chop the divi and told everyone e cent shareholders?"
I suspect this was planned for a time (would be factored in when starting to talking to Oaktree) and leaked out so explains the relentless drop in the SP and now stable once the news is out.
What is really bad is Rusty put out a couple of RNS's stating nothing changed while he was very likely planning the dividend cut to pay for the Oaktree deal.
Greedy4p
Don't know about Freetrade but IWEB will pay in GBP but you will lose 30% WHT not 15% even with a w8-ben.
You are not holding the shares direct so you will not have a SRN as they in a nominee name and the election for GBP or USD is on an institution basis i.e. every one in particular broker will receive in the same ccy. For my experience IWEB, HL pay GBP, II pay USD.
Diversified Energy Company PLC (LSE: DEC, NYSE:DEC) is pleased to announce that the Company will publish a trading statement with respect for the three months ended March 31, 2024 on Thursday, May 9, 2024. Diversified will also publish a supplementary corporate presentation to accompany the trading statement on its website at ir.div.energy/presentations.
Https://www.livarava.com/finance/p/1503661
Also
https://www.cnbc.com/2024/05/06/goldman-bullish-on-nuclear-power-sees-upside-for-this-uranium-play.html
But behind paywall.
" Hopefully the NSTA will communicate what this means to the thicko government, whoever is in power"
From now until after the election all policy will be drive by politics, after that we will have a labour government and policy will be driven by ESG and Woke ideology along with tax and spend bit like the conservatives but worse. Shell will probable exit the UK followed by BP and many others. But this won't matter according to Labour as we will have lots of cash generated from green industry and jobs if they can only find the money to fund all this c***.
"Before you consolidate, you have to put a value on the assets, and it’s very difficult to do that if you don’t know what the fiscal regime is going to be,” said Mitch Flegg, the former chief executive of Serica, who has become an adviser to the company."
Pity he did not think this way when buying TW!
Https://finance.yahoo.com/news/barclays-latest-firm-face-anti-200655642.html
Looks like the ESG lot have not done us any favours.
U.S. Oil, Gas Drillers See Continued Slowdown
https://oilprice.com/Energy/Energy-General/US-Oil-Gas-Drillers-See-Continued-Slowdown.html
Texas Is Preparing for Electricity Demand to Surge
https://headtopics.com/uk/texas-is-preparing-for-electricity-demand-to-surge-51921407
Perhaps a better summer coming.
What adh1927 says is good news as there will be a lot of savings to be made.
By the way what was JL doing, watching Wimbledon, Netflix, playing Empire or just other playing games.
"They're aware of $6Bn of Occidental planned divestments coming soon - shopping spree coming with saved dividend money??"
There is now doubt this is what Trusty Rusty is planning, buy up all available wells so he is in charge of as big as company as possible no matter what is does to shareholder value.
Would be interesting to know the date when negitions started on buying the last set of wells and therefore plans to crash the dividends , was this the reason the SP started dropping as no doubt it would have been leaked
Https://finance.yahoo.com/news/diversified-energy-company-plc-dec-215008836.html
I think this is written by a BOT but worth a read.
"One of the critiques by short sellers was because the dividend was not sustainable. Therefore a decrease makes it more sustainable. Didn't realise this was in question."
It has been questioned here a lot, there may need to be a cut if gas prices stay down but this was devastating especially after Rusty stated there were no changes while buying new wells with the bulk of the dividend cash.
"I would have thought the dividend decrease and consequential rise form 900 would have sparked some short closures but hardly at all"
Not sure why a dividend decrease would have sparked some short closures, it is most likely to encourage shorting. I think the rise from 900 was despite the dividend decrease, it was already trending up before the decrease and then put a halt on it for a time. It may well have helped if the money saved had been diverted to BBs but for now it has not been.