Member Info for TrekMadone

Looking like 630 close is on cards at last..

Xd around 19th Aug. Still yielding well over 7.8% (3.9% interim) at this level.

This will trade without all the divi and more imo so could see 30p off for a 24.8p divi.

May be worth considering selling half ahead of divi and buying dip as it should climb back up after given all the 700p broker reviews. All depends on macro of course.

Remember Briggs sold 47k shares at 645 in March so one could argue it’s toppy around that price.

If I was in over 610p I’d be picking an exit with a view to getting back in after riding the divi either by holding and selling after or exiting in the run up.

Anyone below 600p should be able to enjoy the boredom until the next black swan dip in which case sell before 600p with profit + the divi.

Just my take…. Easy money! Lol!

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Trek

Nice tr1 at shg. I don’t hold there but like to watch.

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Trek

This is one of the shares for me that just keeps on giving amongst a few others. But it’s not smug, traders fk up like everyone else!

Same sector I thought I caught the bottom at JIM! Lol! So there you go! But I have smashed it here!!!

Fortunately I have many more winners than losers and part of the formula is to revisit shares one knows and grab a ‘nibble’ or In traders terms that’s just a few hundred quid or a few k.

It depends on liquidity about what’s possible, so don’t get caught by stocks that regularly go NT!

Cmcx has good liquidity and often pretty tight spreads so one can grab a few and dump!

So there you go! A traders secrets divulged in the true spirit of a BB. But now try and see how easy it is!

Good luck with your investments,

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Trek

I think it will take a while for these excellent results to sink in.

It’s pretty disappointing that the divi is held albeit from an improved level but on the other side of the coin it’s about balance.

Between the lines as best as I can see they are juggling shareholder returns, v debt repayments, v possible acquisition.

Played it well imo.

But then wtfdik, I sold elsewhere and added here again today!

I am looking to flip my profits from elsewhere into some ‘steady income Eddies’ of which I see SEPL is one!

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Trek

Sorry link

https://www.malcysblog.com/2022/07/oil-price-diversified-jadestone-president-and-finally/

Trek

Yet again DEC has delivered an acquisition, this time in the Central Region, of 1,500 producing wells in Oklahoma and Texas and which contain synergies to the previous Tapstone deal. For a net $210m which will be found from existing funds this deal is accretive and the cash flow will ensure the famous DEC dividend is covered.

At the price of $7.75/boe this deal adds $82m of adjusted EBITDA, with cash margins of c.70% which uplift some 20% to Diversified’s 2021 Hedged Adjusted EBITDA per share. The deal will fit in well with the company’s other Central Region assets, as is often the case in these acquisitions fit well with existing assets, drive greater synergies and unlock additional shareholder value through scale.

An active week already for DEC but no great surprise as they deliver two different deals that still maintain a strong balance sheet that will deliver the promised payouts from structured free cash flows. The shares remain very attractive on both yield and capital growth aspects and will remain well supported at these levels and a great deal higher.

Trek

Update on ‘lawsuit’

https://www.post-gazette.com/business/powersource/2022/07/25/diversified-eqt-lawsuit-abandoned-deteriorating-wells-oil-gas/stories/202207240048

Trek

Jim,

Lol!

Interactive investor advised me there is no withholding tax for ISA. No need to fill forms. I will of course check when get divi.

SD235,

Debt is always a concern but 95% now fixed and will repay way ahead of asset amortisation. It’s pretty clear on last company ppt.

Not sure why you think they will raise by selling discounted shares. They are throwing off cash!

Will just use ADRs for US listing.

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Trek

Bit naughty the RNS. We gotta read across to previous results to work out wtf is going on!

Traders only at this level and today imo is not the day to buy. Will bounce and retrace. Bottom May show itself then.

As for the guidance on track and 5% costs increase. Yea right!

Show how good IG and plus have been doing!

Gotta raise their game here.

Still sat on hands

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Trek

I have just had a read having been out, this adds 20% ebitda. 1500 producing wells! Financed from cash and some RCF with production to be hedged as per other producing assets.

Ok it’s not finalised yet but the effective date will be backdated!

I don’t get the muted SP response. Well I don’t get the SP here anyways!

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Trek

Huge increase in ebitda and cash!

Divi same though….

Will read after golf!

In safe hands! Phew!

Financial highlights

· Revenues up 71% from 6M 2021 to $527.0 million, higher realised oil prices of $107/bbl

· EBITDA up 92% to $342.7 million (adjusted for non-cash items)

· Strong cash generation of $330.1 million, capex of $70.7 million

· Strong balance sheet with $350.0 million cash at bank, net debt of $418.6 million

· Lower production opex of $8.1/boe achieved

· Average realised gas pricing sustained at $2.76 despite pricing pressure on domestic gas delivery obligation

· Q2 dividend of US$2.5 cents per share, taking 6M 2022 total to US$5.0 cents per share

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Trek

Up 18% 21.25p

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Trek

Malcy….his comments

“ DEC is showing by its actions that it is making a strong commitment to expanding its ability to retire more wells and even though this acquisition has no cost attached we can tell by the number of rigs added plus the portfolio of services and auxiliary equipment now in-house.

Indeed, it ‘significantly enhances the visibility by which Diversified will meet its stated commitment to retire at least 200 wells per year across the Company’s Appalachian footprint, well in excess of state minimum plugging requirements and with locally based internal equipment and crews’.

Most importantly it scales the business to drive further efficiencies in the Company’s highly important internal well plugging program, and provides additional third-party revenues from other operators and state agencies to offset Diversified’s own well retirement costs.

I would expect more of this across the DEC acreage as it continues to build the company across the board and within this the promise and commitment to environmental excellence. ”

https://www.malcysblog.com/2022/07/oil-price-diversified-energy-uog-coro-vog-block-deltic-and-finally/

Trek

One way ticket this for a while! Kingdom holding are buying. They accumulated MNG recently.

Just goes to show peeps chasing small caps and AIM and you can make good money on the ft100-250 with the right plays!

I am up over 20% here with trades a dividends and did even better at MNG with a 20% gain in 2 weeks!

Just needs a little luck and a bit of patience!

Good luck with your investments

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Trek

Be interested in update on 2 wells coming on line.

Also will calc cover for divi.

Looking at pull back today not much vol so prob selling after recent run. There was plenty of opportunities to by in 90’s so +20% return likely being banked. Taking risk off before results. You can always have another go later.

I am happy to hold. The stock only has a little blip for xd then it’s back to normal event drivers.

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Trek

“…….

Poland and the Baltic States have drawn the lesson that they are among the most effective weapons in stopping the Russian advance in Ukraine, and are ordering hundreds of launch systems at a cost of hundreds of millions of dollars.……”

If link doesn’t work it’s on Al Jazeera - well worth a read

https://www.aljazeera.com/news/2022/7/26/the-russians-have-nothing-equivalent-how-himars-help-ukraine?utm_source=sendinblue&utm_campaign=Weekly%2027072022&utm_medium=email

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Trek

No no financials released. I noticed that on reading it.

May be equity involved for holders and or cash. I doubt debt looks like small outfit. I expect more later.

http://www.csiofwv.com/

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Trek

Great summary APR!

I do miss the comments at the end though ??

Trek

Hi MJ,

I try to keep Social media accounts to min. You are welcome to advertise my holding though which is now 150k.

I will just dip in to LSE.

Atb

Trek

Hi Flashbuyer,

Yep totally agree. I do see this rerating but happy to wait.

Good luck,

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Trek