Member Info for TerryM1

Up again Numerco 8100/8300

Apart from the devastation of the dividends and SP there is the added cost of the shares issued as part of the acquisitions. These dilute existing holders especially as these were issued at a low prices, these low price are caused by the over active acquisition strategy so a lose lose. If less wells were bought SP would be higher and if there was a need to issue new shares these would be at a higher price causing less dilution to shareholders.

A expected spot up Numerco 7950/8193 up 198

Camero up 6.5% pre market, Spot has been strange recently, going down while fundamentals are good, I am expecting a recovery soon.

"There seems to be a massive misunderstanding of the company by most of the posters here, especially those complaining about acquisitions."

Not sure what I am misunderstanding, these acquisitions have led to trashing of the dividends and SP, also share dilution, huge debt and large blocks of shares in the hands of companies who could prefer cash to shares, we will only known when lock in ends so sitting on the SP like the Sword of Damocles. I will take to old dividend levels and company running down (which they we not) to this scenario any day, at least I could look forward to getting out with some profit not the huge loses I have now.

There is no guarantee gas will rise as more US Oil Wells come on stream and gas is the by product, also Kamala if elected may not look to favourably on gas either internally or exporting as she was vice president when new gas export terminals blocked.

Sure Dec need to replace wells but 3 purchases one after another seems somewhat overboard and unfortunately the market agrees which is being partly propped up by large BBs.

Could be BBs.

Sorry should have said

"what will Kamala do if elected which is looking more likely, I think it will not be good for DEC"

There could be a great upside to buying now SP trashed but there are some dangers. Currently SP crash is limited by large BBs, can these continue or even is there enough cash available to keep this up. In the medium term will the new shareholder keep the shares or get out as they really wanted cash or will want out before potential next Rusty buying spree and what will Kamala if elected which is looking more likely do, I do think it will be good for DEC.

All that said this company is vastly undervalued and if Rusty can keep his fingers of the Buy Button we should have a good future especially if he keeps pressing the Buy Back Button.

"Rusty must have the message by now"

Can't believe he did not get the message the last 3 times Rusty bought more wells, hopefully 4th time lucky, insanity is doing the same thing over and over again, but expecting different results. However Rusty has shown he has addiction to buying wells at all costs so it is more likely the IIs are the ones to put an end to this, we can but hope the penny has dropped somewhere and we will see an end to this madness.

with 3 days of sp dropping like a stone despite large bbs i dread to think where the sp would be now without these bbs, it clearly shows what a poor reception the market has to rustys buy as many wells as you can strategy. just imagine where the sp would be now if we had these bbs and no well buying or even bigger bbs given there would be more cash.

perhaps this could be made into a new game a bit like monopoly, perhaps wellopoly or trusty rustys **** or bust, then there is the tv series based on dallas, who will play rh can dec get the royalties.

the one good thing that may come out of this is either rusty realises that he has to stop/pause well buying, share dilution and debt growth or the iis have finally woken up and said enough is enough.

the question for me is are these bbs the new plan or are these just an panic measure to try to cover up what the markets really think of trusty rustys great plan/dream. if new plan we should see sp rise considerably, if not sp will drift around. the elephant in the room is the issue of the companies with all these new shares, do they want to keep them or just dump them after the lock in, if they decide to dump then bbs will not cover the carnage and rusty has sent us shareholders into a very dark place.

"SP on LSE not following NY this morning."

Looks like LSE dragging DEC NY pre market where there is more volume than usual but still low.

Tazed

"I actually surprised how much the SP moves considering how much is owned by II and RI balance, II are less trigger happy."

I think all these shenanigans have put DEC in play not just for the shorters but traders, once a trend is established it will be ridden and every time Rusty buys more wells the traders know from experience there is only one direction the SP is going. Once SP dropped it is a difficult and slow recovery at best.

Jim800

"I’ve just been banned for pointing out that despite his in depth analysis he’s out of synch with shorters"

I think you should take this as an honour a bit like JB (Jailed by the British), if you were a dissident in the British colonies.

"Blackrock will not be to happy about cresent get 4% on platter"

If these new shareholders want out and Blackrock wants a quick profit then it leaves DEC at the mercy of a low ball takeover. At this point there could be a lot of shareholders who would be more than happy to cut their loses and get away from the Rusty SP and dividend trashing machine.

It does not bear thinking about where the SP would be now without these 2 large BBs.

Perhaps, just perhaps the large BBs have started because Rusty can't (for now) find any more wells to buy so not putting cash by for the next one or is it just to try to hide/limit the market reaction to the spending spree and debt increase, lets see if they can keep it up, time will tell. We need a period of stability if there is any chance of even a partial recovery.

"Nike are down 50% in a similar timeframe."

Nike have Dylan Mulvaney, DEC have Rusty Huston.

Jim800

Oakbloke may well be right but as I been said it is not what you think that counts but what they think. In this case the market do not like it and has set plan signals on all of the last 4 well buying occasions dropping the SP and then shorting. Unfortunately Rusty is deaf and just carries on, must admit I am getting concerned not only at Rustys deafness but the huge amount debt especially the fixed debt, what could possible go wrong.

Should have been

"Rusty used gas Wells"

MightT

"Rusty the used Well salesman... "

Unfortunately not, ""Rusty the used Well collector", would be good if he could sell some to reduce debt but I think Rusty would find this psychologically very difficult, some people collect stamps, some classic cars, Rusty used Oil Wells.

"he used the word 'accrete' many times past interviews"

What he needs to explain is how is this 'accrete' against BB, you will get a much bigger bang for your buck with BB.

"we have a large BB today"

At a price of £10.2057, when the low was below £10, they always seem to manage to buy at or close to the days high but I guess this may have saved SP an even bigger fall. Why increase now? is it because they know this well buying bonanza would drag down the SP and wanted to limit the damage so Rusty does not look quite so bad to the shareholders.

What is the point now of the BB program, use the cash for the purchase instead of issuing so many new shares, saves dealing and spread costs and leaves less shares that can be dumped on the market when lock in period ends and given Rustys strategy of trashing the SP will be worth less when they sell.