Member Info for TerryM1

JC01

"The only shareholders who have a result are those that bought in at £8 after Hutson crashed the SP. And who knows how long that will last"

The way Rusty is running this company may well get another chance to buy at all time low.

"Why are these businesses happy to offload supposedly so accretively and then take another hit on the SP"

Now that is the question that should be asked not only do these companies know the business better than anyone else they also know the value of the assets they offloaded to DEC.

For these assets to be worth buying they need to add a large amount of FCF in short to medium term as they are most of the way through their life and the ARO costs need to be accounted for, this is especially true given the high price debt used to buy these. I have not seen anything like the FCF in the accounts which makes this worthwhile, the market and companies stuck with DEC shares agrees.

This bring to light the cost of the share dilution that was required for the deals. So much for BBs, they were never going to be able to scratch the surface of the dilution, also these have stopped in preference for more deals.

Bruce537

"Terry M1 - Think long term. DEC is a fast growing company with a decent dividend to keep share holders well looked after in the short term. Think not at what price you can sell your shares today, but at what price you can sell them for in 3 to 5 years time"

Perhaps this is the case but it should be remembered that the SP has been dropping for over 2 years now, in just over 3 years the Democrats could be in power and all the green and AROs issues will come come back and DEC has a lot more ARO issues than when the democrats were last in. Also a share is only worth what you can sell it for now, as I said many times it is the total return that counts.

The dividends are not decent for me, I bought before the dividend drop and acquisition fest was just getting started so yield is low especially for a company with the risks that DEC has.

"If you are unhappy with the way in which the company is moving forward; sell your shares. It is as simple as that."

I have been but also trading as I go, was hoping to get out at break even (almost did before last acquisition) but just gone down another Rusty snake, unless I want to take a big loss I am stuck like everyone else playing financial snakes and ladders as Rusty adds more snakes and kicks over the ladders.

JC01

"Maverick at the first opportunity are dumping acquisition shares at a huge discount to the market price and what we’re originally issued at $16.27 !!!"

This tells you one of 2 things, either Maverick were so desperate to get ride of these assets they are happy to take a big hit on the share side of the deal or they have lost faith in DEC, the 2 main things that happened since the deal are DEC forgot to put the finance in place and need the fire sale of shares and the latest acquisition.

One thing we do know is others in the industry i.e. the ones who got the shares as part of the deals are far form impressed with DEC.

The gurufocus article puts a far different light on DEC than the paid for Mizuho article which I got a lot of abuse for questioning.

"Diversified Energy's operational efficiency is under scrutiny, with a operating margin of 12.71%. The company's return on invested capital (ROIC) is 2.55%, which is below the weighted average cost of capital (WACC), indicating potential inefficiencies in capital utilization."

"Diversified Energy's financial health grades highlight several risks. The Altman Z-Score of -0.08 places the company in the distress zone, implying a potential risk of bankruptcy. The Piotroski F-Score is low at 3, suggesting poor business operations."

The huge amount of high priced debt is causing increased risk which is now being flagged, somehow Oak Bloke missed this.

These acquisitions are the gift that keeps on taking, perhaps this will make it clear to anyone who thought they are accretive, it is plan to see that these shares were only taken as part of the deals as they had no other option if they wanted to sell the assets. As more deals are piled on these companies can see that DEC SP will remain low and no easy way to get out of shares they do not want and are stuck with. If these deals were at all accretive these companies would not be so desperate to get out of DEC so dumping out at what they can get.

One thing that is certain that a lot of the buyers of these shares (if not stuck with the underwriters) will also be getting out as soon as they can turn a profit so SP likely to stay low for a time until the next deal when it will drop again.

If Rusty had any morals he should resign.

Perhaps all those who had thrown abuse out me and thought they were funny laughing at me are not laughing now. Lets see how these DEC fans can justify this mess.

No doubt this will lead to more abuse thrown out.

Grumpyoldman9

"This is a repeat situation of that which we all discussed on 25th July"

I am very well aware of this and the fact it has already been reported to HL. My point is HL have not taken action themselves to change this which I would have expected by now and repeated it.

The sent me a reply just stating the info which is general release and we all know about . They did say

"At this point in time, you do not need to do anything on your end and we will contact you when we have more information regarding this in the future should the delisting go ahead"

Which contradicts their email

"a deadline applies and you have limited time to act"

I sent a reply asking why they keep stating limited time to act when there is no action you can take and why they keep mentioning de-listing when there are no info been published about this although we know it will happen at some point.

Sorry quoted, must change the spilling chequer.

SD235

Well he has quitted me a number of times and spends time trying to refute what I say.

I will say one thing for him is that he argues his case as opposed to throwing out childish insults which as I say means you have no valid arguments. Bring it on just make my case stronger and make you look ...., well you chose since insults are all you are good for.

Looks like Oak bloke is following me now.

https://theoakbloke.substack.com/p/riton-triton-sqz-ing-has-its-risks

“the management does have some simulates to DECs in that they are both self serving also in the area of dividend reduction.”

"Was the SQZ Triton FPSO disruption foreseeable? Hilarious to think I should have somehow known about this before writing about it"

The exact cause of disruption was not foreseeable but disruption was always a high possibility given the track record of failures in the equipment SQZ got from Tailwind.

"Yes both reduced their dividends. That’s what companies do when faced with challenges"

In DEC's case it was the challenge of finding the money for more acquisitions

"Both have delivered satisfactorily despite their challenges"

Really, has he taken a look at the long term to medium term SPs.

"Different markets: record low US gas prices vs record high UK gas prices (and taxes)."

HH went up to $4 now around £3 but DEC is sell gas higher due to hedges so where are these low prices?

"Meanwhile people who read my 2024 idea DEC at 1076p in “Happy Christmas” and my 2025 idea at 129.6p in “Reeves-A-tax” and made their own investment decision and followed my two ideas and have held those until today have enjoyed a 24.4% return including dividends"

Fails to mention ne was pushing both companies when the SPs were higher. Also when was DEC 1076 in Dec 2024, low was 1183p and high 1393p. In OCT 23 he said

“huge upside at DEC”

SP was over £14 at the time

For SQZ he says

“If the previous maintenance regime was poor and if new people have just come in to sort it out it’s actually hardly a surprise to find a 2nd issue quickly afterwards.”

Second issue, really, there are a lot more than that. It needs to be remembered who bought this equipment without any proper checks which keeps failing causing significantly reducing production and paid a very high price for it against many of the shareholders wishes.

“Will we see stronger prices in 2026? An ounce of Gold buys you over 58 barrels of Oil today. This ratio is higher than the height of Covid. Oil is as cheap as its ever been relative to Gold”

Not sure any relevance, Oil is used to produce energy, plastic etc. Gold mostly as an investment. Oil price is about OPEC cuts, other political factors, industry and consumer usage etc. Gold price goes up when there are political and economic instabilities, also effected when central banks buy or sell and a big factor is the large increase in gold buying by Indians as they get richer and Chinese who buy for same reason and also to hedge against their currency which is heavily government controlled.

“The move to the main market and likely into the FTSE250 at the next quarterly rebalancing will be a further tailwind for SQZ.”

Interesting turn of phrase, does he not know it was the Tailwind acquisition that trashed the SP.

The NYSE price has unfortuna

Https://oilprice.com/Energy/Natural-Gas/Big-Oil-Warns-About-A-Looming-LNG-Supply-Glut.html

JC01

Looks like Broomtree just filter you and me. I think he is so stupid that he believes this is somehow punishment for you and me and it will wind me up especially with the parting insults. What he will never know as far as I am concerned this is a great result and have been trying to make this happen for a time, just need a few more to do the same (you know who you are) so I don't get stupid non factual replies to my posts based on emotion and dogma. However will miss the insults and abuse which were great as they prove he does not have any valid arguments or facts to back up his case.

He seems to think is above us because he has been in DEC for a long time and made money in the past or at least that's what he tells us, however does not have the confidence to post his trades to prove this so we are just expected to take his word. When I was challenged I had the confidence to do this and did it for a reasonable period to prove it was not just luck, he is too scared he will fail and we will see it.

JC01

It is simple these people do not understand how the market works, they are one dimensional with only the hold and hope strategy on what is clearly a money pit of a share. I said a few times take a look at Uranium miners and companies, bet none of them had the nous to do that, they are flying.

EyesOfBlue

One thing is certain frankly, my dear, I don't give a damn what you think.

Just keep making up stories and insults to have a go at me for telling it as it is, as I say another who thinks they are funny, I guess you are not intelligent enough to do anything else.

Jim

"F me you’re stupid.

I said your view was independent, not the broker."

What do you mean by that? by definition my view will always be independent as I am not connected with DEC or the broker.

You said

"My point was that independent of broker note valuations, DEC and Carlyle are much more likely to be able to establish a fair valuation for acquisitions than you. They have experience and access to accounts, you just have your “all acquisitions are bad” mentality."

If you are interested just in valuations you can find many REITs/ITs, banks trading well below their asset value but history tells us this buying these shares is not a route to making unless they perform well, liquidate or taken over. As I have repeated many times all that matters are shareholder returns and in particular my returns, no matter how the may times you try to put a good light on this all this has done is create losses, wake up and smell the coffee.

If you bother to read my posts you will see I had no objection to acquisitions when the market liked them, the market changed as interest rates changed and clearly displayed their dislike under the new conditions so I also changed my view, Rusty did not change with the times so the market punishes DEC SP. I will repeat the market does not like companies with huge debts especially in a high interest rate environment, this is also the reason DEC is paying very high interest rates on it's new debt.

There is a saying for traders, "it does not matter what you think it is what they think that counts". To put this in a simplistic way my view, your view count for nothing it is the general view of the market that counts and it has spoken loud and clear.

Jim

I hate to tell you this but they do have the internet in Dubai, also will be able to trade with no tax in all my accounts so I can extend this from just my ISA and SIPP which are fully funded.

JC01

"What the muppets don’t get and refuse to accept is how the market operates"

This is a good point but for me what they don't get is most (I should say all but not sure after some of stuff being posted) people invest in shares including DEC to make money not lose it however no matter how long the SP is stuck in the gutter and dividends trashed they support the completely failed strategy like their local football team. Those who do not learn from history are condemned to repeat it.

"The Share Price and its performance and it stinks"

And in the end that is all that counts.

I see you have got new follower throwing insults about, par for the course.

Jim800

"My point was that independent of broker note valuations, DEC and Carlyle are much more likely to be able to establish a fair valuation for acquisitions than you."

Wow your obsession with me is really clouding your mind causing you to keep repeating without understanding what I said, this was in reply to Mizuho who are not INDEPENDENT. Talk about myopic, jaded point of view, deal with facts, SP trashed, dividend trashed most people invested in DEC losing money.

"As for the BBs - you continually harp on about them"

Really, I have mixed views on the BBs since the dividend was trashed, you should know as you have questioned this before and why I changed my mind, read your own posts. I have not said much on the BBs for a time except reporting them as they happened (which you say is pointless or something to that effect so |I stopped), questioning what has happened to them now and if DEC is as undervalued as Mizuho say it is BBs would be better use of cash than these acquisitions, I will spell it out for you it is more about questioning Mizuho target price, perhaps a bit too nuanced for you. Go on troll through my posts see if can find something there to twist around.

"DEC acquisition strategy is to increase scale and efficiency - not achieved by BBs""

Who cares, I don't, I am looking at maximising shareholder returns and all this is doing is maximising shareholder losses.

"Your inability to even consider that your point of view might be sub optimal (based on your negative views of the past) must make you a right pain in the arse. Dubai probably the best place for you."

I am not invested in DEC for a debate on points of view, I am invested to make money since Rusty put an end to that by keep repeating past mistakes, my main aim is to trade to break even. So I take it from this that you think this strategy is optimal?

Carry on with the insults, it obviously make you feel good, in fact I encourage it as it show you character and intellect.

One correct thing you have said is that "Dubai probably the best place for you", once I can undo my ties to the UK myself and my partner are off but unfortunately given the state of property market for large houses in nice areas it may take some time, nothing is selling round here with no viewing after Rachel threatened CGT on you main residence, a number of developers with high value property for sale around here have gone bankrupt as they cannot sell for enough to cover their costs. If you have a large house in a non desirable area you can sell it to be converted to a house of multiple occupancy.

If I am that much of a pain filter me, I don't care. I do not filter you as I find your posts quite funny.

VistaMan

"Of course you are absolutely correct as usual."

Can't resist some sarcasm I see.

Well done for buying SQZ at the low point, I paid more on average and just below break even now as I bought some on the hope the Kistos deal went through, yes the SP is a disaster because they did not accept the Kistos deal but went for the Tailwind deal which was almost 100% hated by all on the SQZ board including me, it was terrible for shareholders (except Mercuria, the biggest shareholder) but great for BOD keeping their jobs for longer, now the equipment that Mercuria sold them as part of the deal turns out to be junk and keeps breaking down significantly reducing production time and time again.

I raised SQZ because it shows a pattern to Oakbrook's analysis but the management does have some simulates to DECs in that they are both self serving also in the area of dividend reduction.

VistaMan

"The SP is only a disaster if you bought at the wrong price. There were ample opportunities to purchase in the 120s/130s"

Another one with great knowledge trading in hindsight, you completely missed the point in your efforts to attack me. Oakblock has been pushing this share when the SP was much higher.

"but even with that the SP / dividend still good."

But down by 1/3, any similarities to DEC?

"PS not ramping, just responding to trolling!"

Not ramping according to me but Jim, you only have to mention a share, what trolling? if anything you are trolling me. Can't wait for the next attack which completely missed the mark.

Jim

"Terry - do you really think you’re better placed to work out fair value price for acquisitions than DEC and Carlyle?!

You should really read my post and take a little while to understand what I said before reply, I just used the target price from Mizuho and stated that the acquisition need be more undervalued than DEC to make sense so not my working blame Mizuho if you want, I know you are busting you guts to pin something on me due to your obsession but REALLY! Must try harder.

"That’s pretty self delusional - even for you."

See above to see who is delusional, pot kettle.

"Why don’t you set up a company and just buy back the shares in it? you’ll make a fortune! Oops no you won’t you’ll have nothing to sell 😀😀"

You make something up from nowhere, think it is funny and laugh at it, are you serious.

Anyway I see you great contribution is posting links to silly videos so useful for investing in DEC as opposed to JC01 who dug out the link between Mizuho and DEC.

Keep the insults going and stupid videos coming, just proves you have no valid arguments.

EyesOfBlue

"Ps the ENOG half year results are out today. I hold these as well as DEC, always worth buying whenever the SP overreacts to any of Israel's "special military activities"."

For once I agree with you, been buying these for a time and buy when there is trouble in the area, last time it nicely coincided with the Trump tariff drop so bought quite a lot then. Another good side to this is Egypt is short on O&G and getting worse, some is supplied from ENOG but a bit of a political bun fight going on about prices of piped gas between Israel and Egypt.

JIM will not be happy, he tells me you should not mention any other shares on this board and just the mention means you are ramping unless you say you should sell them.