Member Info for TerryM1

Dazzle1000

"maybe the markets are waiting to see who will win the next presidential election in november. i know trump wants to drill, drill, drill and kamala the opposite what a ****e show it will be if she wins"

If Kamala wins we are in unknown territory as she says nothing of what she will do (on anything), bit like Starmer but it will not be good, she is a Green Goddess and will probably restrict gas exports (as she is in the government already doing this), other anti Oil and Gas measures and will not be good for AROs. However Trump will Drill Baby Drill which means more oil wells and more gas as a by product but hopefully more Gas exported. Whatever happens I think it will be a time after the US election before we know the effect on DEC. For DEC I think Trump will be the better bet and dread what Kamala (Kamal) Chameleon will do to us.

Notrex

Agreed, after issuing new shares on the market, trashing the dividend, maxing the credit card out all of which caused crashing SP Rusty was only left with new shares for wells. However as been stated this along with the above caused more crashing of the SP so not sure any new well seller would be interested in some DEC shares knowing the next move would be another Rusty inspired crash.

Now trying to prop up the SP with BBs at the expense of debt but a long way to go just to overcome the dilution, still better than nothing.

However Rusty's plan to make DEC the most shorted company is well on track just 0.7% to go, nothing for a man with Trusty Rusty's abilities.

Now BBs have got to compete with Blackrock reducing, shorts increasing and share dilution, hope DEC can keep up these BB levels long enough to counteract the above.

Looks liker I a premature with the allocation, it is in pending orders but not been confirmed.

Got my full allocation as expected.

Done a test sell on HL and price 10.1255p which is up from yesterday so hopefully start of steady rise.

No good reason to raise taxes, Reeves told

https://finance.yahoo.com/news/no-good-reason-raise-taxes-172106126.html

His warning came as shares in banks tumbled on fears of another tax raid on the industry. A former Whitehall insider told the Financial Times that the sector would be a likely target as lenders have been making “good profits out of higher interest rates” and “no one likes banks.”

From HL

"We’re pleased to confirm that your application for the Abingdon Health Limited Retail Offer has been accepted.

What happens next?

We will write to you on Thursday 29 August to confirm how many shares you’ve been allocated. This will also be shown in the ‘Pending Orders’ section of your online account from midday on Thursday 29 August.

When can I expect to receive my shares?

Your new shares will be credited to your Fund and Share Account shortly before 8am on Friday 30 August. This may be delayed in the event the company does not deliver your shares to us by this time.

As disclosed previously, Hargreaves Lansdown will receive a fee of 0.6% of your allocation from Abingdon Health (ABDX). Please note that this is paid to us by Abingdon Health (ABDX), you have not been charged to participate in this Retail Offer."

I think the SP is being held down by the offer, why buy in the markets when you can take up the offer, once complete I expect a slow but steady rise in the SP. Apart from the other reasons already stated here I think the SP will rise also because this is what I have seen many times with other companies after fund raise. Applied for a decent amount, be interesting to see what I get and where the SP goes.

Keir Starmer off to Germany to see how this is done.

"Perhaps the establishment saw Truss as a potential thorn in their collective sides"

Yes, she was not part of the group think of governments and civil service, she wanted to enact old style polices like tax cuts and smaller state, her plan was to do the good stuff first i.e. tax cuts then cut government spending including civil service jobs to pay for it. Could not have that, BOE must stop her and as an added bonus could be blamed for their mistakes. Labour on cloud 9.

I saw this on a GB News and they had references to the report which is somewhere deep in the BOE website.

From Telegraph

https://www.telegraph.co.uk/business/2024/08/24/liz-truss-calls-probe-bank-england-not-my-government-fault/

and (not behind pay wall)

https://www.yahoo.com/news/truss-calls-probe-bank-england-171006779.html

“Liz Truss has called for an investigation into the Bank of England (BoE) after a report by ITS OWN ANALYSTS found that the majority of the bond market crash under her short tenure was caused by dangerous practices in the pensions industry.

The former prime minister said the report meant “the Bank of England itself acknowledge[d] the yield spike was not my government’s fault”.

The Bank of England declined to comment.”

The yield spike was caused by BOE only increasing interest rates by 0.25% just after US increased by 0.5%, quantitative tightening and critical political statements giving traders free rein to short the £ also trashing gilts. This caused problems for LDIs which were known to have issues but these were ignored by BOE and FCA.

The times

Liz Truss ‘forced out by Bank of England, not markets’

https://www.thetimes.com/uk/politics/article/liz-truss-forced-out-by-bank-of-england-not-markets-506cc655q

DividendNomad

I agree with your view of ENOG.

My comment regarding depleting assets is not a criticism of the company just they have sold lot of assets and will be returning a large amount of cash to the shareholders making the company smaller but if past performance is anything to go buy will keep growing. Some of the sale proceeds will go to new projects as you mentioned, but unlike DEC they are happy to return money back to shareholders when the time is right.

Just need some bad news and if price dips I will buy.

"Liz Truss tanked the Market in a few minutes, 2TK Starmer is taking his time as he has a more sadistic nature about him"

It is now official that she did not tank the market, the Bank of England stated (but kept it low key) that 2/3s of the issues was caused by their policies, they only increased interest rates by 0.25% just after US increased by 0.5% and quotative tightening at the time of the Budget, also they made critical political statements which they are not allowed to do. In other words they wanted Liz Truss out at any costs probably as she was going to make cuts to the civil service to cover the reduction of tax which only put tax back to where is was a short time ago.

Now look where we are!

There are 2 additional reasons to keep the low producing wells going, first if/when gas prices rise these wells are more profitable and more gas can then be extracted, technology may find ways to extract more gas from these wells.

One thing we do know once capped these wells have no ability to to add to the profits.

"You have £20,000 to invest and the choice is between DEC or ENOG"

ENOG, although maybe have issues because of Gaza for me it looks a much better bet, been looking at this for a time and hoping to get in below £9 but may have missed the boat. Also big pay out coming from asset sales but after that dividend will probably drop due to less wells generating and company will be smaller but yield may be the same. Also keen to get out of DEC if the price rises as I bought DEC for good dividend and promised 40% of FCF would go to dividends, now around 5% on my original investment and dividend not likely to rise in next few years also can't trust Rusty to not keep trashing the SP, and dividends along with share dilution and huge debt.

Looks like BBs running out of stream/cash, yesterday 20,000, unfortunately may well go back to the anaemic amount soon, there were some people calculating on what would be bought back if kept up for months, now we will be lucky to see it for a week as I was expecting. Large BBs only there to stop an even worse crash in SP so Trusty Rusty buy all the wells you can eat strategy does not look so bad. Rusty hates paying money out which he wants to finance more gas wells.

"preferring to blame Rusty, the board, politicians, shorters, and everyone el"

Who else to blame but Rusty, Rusty does nothing and the SP starts to recover, Rusty buys more wells and tanks the SP 4 times in a row, not hard to see the pattern, also some blame must go to the politicians in using DEC as a political football for they own needs. As for the rest they are just responding to events mostly created by Rusty however I am one of those who think shorting should be banned.

Https://finance.yahoo.com/news/diversified-energy-company-plc-dec-133011185.html

Blackrock now 9.29% up from 9.1% but shorts at 7.9% in UK but don't have the number for US.

With Blackrock increasing and large BBs a lot of shares have been hoovered up but SP is still in the gutter, dread to think of where it would be without Blackrock and large BBs after all of Rustys spending, especially if the spare cash used on these acquisitions was spent on BBs.

"Crescent who look to be in this for the longer term"

What evidence is there to support this and also the shares issued for other purchases.

"Now DEC has substantially increased the size of the daily buy-back in recent days while the share price has been well below that £10.40 figure."

This has just been for a few days, they have done this before and soon gone back to usual small BBs, if they keep this up for months I will be convinced they mean business not just trying to prevent a bigger crash in the SP they have already caused.

PP

One thing that adds to dilution is the falling share price which occurs on each acquisition so the each time DEC issues shares for an acquisition it is giving away more shares for the same amount of money because of the lower SP. This does not help NAV per share and as DEC is heavily discounted to NAV (I recall) the old shares get diluted.