Member Info for TerryM1

Squeaky19

I have not even been sent this message or any other on the subject, I have discussed this on the phone a number of times and put in an official complaint. I was mislead in the phone conversation as it was stated that this was an instruction given to II by the company which I stated could not be true but just got it repeated.

“Following receipt of the new shares we will endeavour to move your new holding to the NYSE as soon as practical, and update accounts accordingly. This move itself can normally be actioned within 3 days, though delays can occur.”

This does not state clearly that if you do not sell your shares they will be moved to NYSE (it certainly caused confusion for some posters including myself as no other broker was doing this and was not in the RNSs), it certainly implies this but when asked on the phone to confirm this I did not get any statement this would happen but was given waffle and would be contacted by the corporate actions department which never happened. They say 3 days, it took a lot longer, should be performed when markets shut so no interruption or at the very least a much shorter time period.

II in general offer a good service but I find them intransigent, they have told me a number of times incorrect information and when pushed on the issues it became apparent I knew more than they did, they often admit this but prevaricate saying they need to get someone from the relevant department to contact me which does not always happen. A few times they have given way and either reversed their decision or just given me free trading credits to compensate for the mistakes, however sometimes when they are clearly wrong they will try to stick to their guns sometimes when they more or less admit their mistake they come up with other excuses and in some cases after being backed into a corner reverse it or pay a some compensation.

I have some complaints about this issue and another issues, one which they said they would hold off for 30 days from taking action as it was clearly their mistake so could give time for the issue to looked in to and resolution agreed and contact me in a few days for an update which did not happen. They then proceeded to move money around my accounts taking fees (which they said would be waived if this needed to happen). After contacting them about this they agreed this should not have happened but weeks latter nothing has been done. All I can do is wait for the complaints department to eventually look at these issues.

As I said before I would urge anyone who is affected by this to contact II and if not satisfied raise a complaint, nothing will happen if just 1 or 2 complain unless taken to FOM and complaint is up held.

Some of the sting of the FX costs of the DEC transfer/dividends will be removed, FX transfer rates

Before 1/2/26

£0 - £24,999.99 1.5%

£25,000 - £49,999.99 1.25%

£50,000 - £99,999.99 1.00%

£100,000 - £599,999.99 0.50%

£600,000 or more 0.25%

After 1/2/26

Up to £50,000 0.75%

Over £50,000 0.25%

Never understood this "price taker" argument put out by the greens, if produced in the UK then tax is paid in the UK so will reduce the amount of tax paid by everyone else so more cash to buy petrol, gas, electricity or some of the tax take could be used to reduce prices of O&G and electricity by reducing consumer taxes on these, it would be a win win for working people in the UK but Labour only cares about people abroad or those not working which have all the this paid for them by other people.

Huge volumes today in US 1,230,150, must be some big seller/s out there, went as low as $15.33 1 minute before close but closed at $15.41, decent after market volume which pushed the price up but not sure it means that much from experience of following the after market, see tomorrow but expect it to be volatile.

Https://quoteddata.com/2025/12/sdcl-energy-efficiency-raises-prospect-of-wind-down-as-debts-breach-ceiling-and-saba-pushes-for-action-on-discount/

Https://oilprice.com/Energy/Natural-Gas/Europes-Soft-Gas-Prices-Put-the-Squeeze-on-US-LNG-Traders.html

Shorttracker has DEC at 3.75%

Investegate at 4.87%

Marketbeat at 5.43% (from a few weeks ago)

Zebbo

Must agree, IMO the greatest upside for SQZ will be after the next election, starting just before as it should become clear what the new governments policies for the O&G will be. The greatest danger is Starmer gets removed and is replaced with someone even more detached from reality and they go after O&G with even more idealism and they will not care what happens in the future and they know they will be out of government for a very long time so will go for a scorched earth policy partly out of spite and partly as it is their one and only chance to do what they have been plotting for years.

BP, Shell don't care that much, they saw it coming and now have less than 5% in the UK. In some ways these taxes help BP, less O&G produced in the UK so more imported, some from BP where they make the profits in a parts of the world where they pay far less tax. BP as part of this changed it's name from British Petroleum to plan BP so not associated directly with the UK.

The irony of all of this is the additional taxes came about mostly due to complaints by left wing political parties, press etc every time BP or Shell reported good results and then the cries went out they are making too much money must tax them more but as all but a small % is in the UK very little would come from them, but who cares makes a good headline only the UK, UK O&G companies and UK tax payers will suffer which is of great joy to the left.

Shell has also been selling off some of its other interest in the UK like energy company suppling electricity, gas and broadband and along with BP reducing it's UK refining capacity as they regard the UK as business belligerent and also because of the cost of energy in UK makes it too expensive.

Because of BP and Shell's small UK investments I am happy to have both of them in my Portfolio along with ENOG which it a pure O&G play as it has no green power. As such I have a much larger holding in each these (ENOG the largest) than SQZ which is too much of a gamble on UK politics and dislike by the left for companies making a profit.

Jackarmy

"Cheerio then Terry...close the door behind you!"

Will do. I will be off out of the UK when the time comes, at present can't sell the house due to Rachel from accounts freezing the upper end of the housing marker, 2 developers locally gone bankrupt as can't get viewing on the new properties they built.

"Speaking on a visit to Scotland on Thursday, the Prime Minister claimed incorrectly that the tax on energy profits only kicked in when prices rose sufficiently to create a genuine windfall."

Just say it for what it is he lied and has been lying for years, he is a pathological liar along with the worst than useless chancellor and many others in Labour, they can't stop themselves, it is in their DNA, to Paraphrasing Reggie Perrin's boss "I did not get where I am today by telling the truth".

I have been trading DEC NYSE shares for a time and never signed a Nasdaq Subscriber Agreement, tried a dummy trade in 2 different accounts and had no issues but I did not press the final confirm button.

When trying to get information from the NASDEQ website I get

"Dividend History for Non-Nasdaq symbols is not available"

However it is available in my NASDEQ portfolio which it was not before.

Worya

"the main ones would be the markets at the time, rates were much higher"

There has been some reduction in rates between the time these loans where taken out but nothing like the difference in these loans. IMO much more to do with DEC huge debt pile which was reflected in the risk so best they could get was 9% but the other loan involves other parties with better financial control of their assets.

I have raised a complaint with II as the cost to transfer my funds back from $s to £s when I sell my DEC shares is around £2000. I told them it was their choice to do this otherwise all other DEC LSE shares would have needed to transferred to NTSE leaving no shares in the UK, so far no answers except that is what DEC told us to do which is clearly rubbish.

II have messed up on a lot of things recently in my accounts some have been put right and some still outstanding even though it contradicts messages sent to me and phone conversations and also admitting they got it wrong but still waiting for a resolution. Up to recently they have been good with a few mistakes which they corrected but now there is a long string of these.

Https://www.nasdaq.com/press-release/legado-capital-successfully-closes-diversified-energy-corporations-400000000

Interesting

"A tranche notes priced at blended coupon of 5.97%"

So why did DEC borrow at 9% not so long ago.

California’s Oil Rush Slips Into Its Final Act

https://oilprice.com/Energy/Energy-General/Californias-Oil-Rush-Slips-Into-Its-Final-Act.html

"California’s oil output has collapsed from 760,000 b/d in 2000 to 250,000 b/d in 2025, while the number of its refineries has fallen from 23 to 12 in the same period.

Gasoline prices now average $4.5/gal versus $2.9 nationally as CARBOB constraints tighten supply."

More evidence of these insane polies and like the UK many people with money and/or high income are leaving.

Looks like the only people making money out of this company are AFML with huge performance fees while NAV and SP drop, not much performance to me. Slow winddown looks like the best option returning money to shareholders but that depends on the NAV being quoted is realistic.

"How can HMG be so deaf, dumb and blind to the unjust EPL and UK restrictions on drilling"

They just don't care, keep their back benchers happy to hold on as long as possible for those nice salaries, pensions and expenses. After all this is the government that thinks you can tax and regulate your way to growth while rich and talented people leave in every increasing numbers to be replaced by ones living off government handouts and thinks increasing government dependency is good. I guess they can just keep lying in the hope someone believes them and carry on making more and more voters dependent on the state in the hope of getting their votes also with the hope there are still a few mugs left which they can drain of their last pennies to pay for it.

"The cycle you talk of is close to breaking"

When? what evidence do you have? been going for years now, in fact since the company went public but I guess we can only hope it does but for that I think we need a new BOD, one with some commercial awareness that understands companies are their to make a profit not a life style choice for the BOD financed from constant fund raises. Would be very please to see this cycle broken and for that there needs to be profits not just promises of jam tomorrow, too late for just more promises as is borne out in the SP so every new fund raise significantly increases current shareholder dilution. At present we are in a doom loop.

Https://finance.yahoo.com/news/william-blair-highlights-diversified-energy-063803820.html

Upbeat report but

"the firm had voiced anticipation that the company would announce another significant accretive acquisition"