Member Info for VistaMan

https://www.***************************/diversified-energy-ceo-rusty-hutson-discusses-strategic-acquisition-and-future-growth-video/4121164949?utm_source=mailpoet&utm_medium=email&utm_source_platform=mailpoet&utm_campaign=new-interviews-available_1

GGG, Maybe Alberta wildfires? I had seen some articles thatan oil sands producer had stopped production due to extensive wildfires.

This seems like a good deal for CGO to me at least. Should accelerate development of production, coking coal and sales whilst giving a baseline revenue to CGO. The minimum $2 million per annum royalty would be the equivalent of >40k tons per month of industrial coal sales. Based on past experience when would CGO have gotten to that level?

All that and still retaining 23.75% interest in Muchesu to provide further upside / optionality.

With a ~£2 million share subscription from the purchaser as well, the current £9 million MC looks quite undervalued.

3LB, why would you say that a dividend cut is the only sensible thing to do? Using the companies sensitivity data (US$1.3MM per CAD$0.10/GJ) and assuming I3E only receive the same in H2 as they have in H1 (CAD$1.50), then the NOI would reduce by ~USD 9.4MM from a mid-point of USD 72.5. WTI would reduce the NOI by ~ USD 3MM.

Hardly making a neccessity for a dividend cut when I3E have:

1. Strong hedges in place for 2024 for gas and futures showing significantly higher gas prices in 6 months time

2. No debt currently and a forecast of net debt of ~USD 25MM if they execute the full capital program of USD 51MM

3. Significant growth in liquids beginning in Q4 /Q1

If anyone has different numbers for impact of AECO, please share.

Hello, I am trying to work out the NOI impact of the YTD / forecast commodity prices using the information provided on page 12 of the latest corporate presentation. Does anyone know if the sensitivities shown are inclusive of the current hedges? I guess logically they should but I can't see this stated specifically.

Sharebel, its not a fact, just part of your usual ramping garbage.

I see Sharebel ramping up his efforts now GB1 is out. I hope nobody here actually believe one word of what he posts. He certainly isn't an O&G expert or an investing expert. How did UOG and COPL turn out despite all your ramps? Tried also on Tech stocks, how did BIDS, Tern and Mode work out?

No honesty, no morals, no integrity.

Readers beware!

Gordonbennett1, you do realise at a SP of 0.5p the market cap of BCE would be £92.5MM? By way of calibration you can find O&G companies producing ~20,000 boepd with ~100MM reserves, trading in the £100MM -£350MM market cap range. Under what single well flow scenarios could BCE justify a 0.5p SP / £92.5MM market cap?

Interested in your reply.

Tazed,

"when we have around £4.5bn of shorts going on"

Not sure what you are referring to when the Market Cap of DEC is £530 million?

Any way to get access to the SP Angel report? I tried but failed.

Was it not the case that they had to have a reverse split (consolidation) in order to satisfy the NYSE listing rules just like DEC had to do last year? Can't list with a share price less than $1.

Greygeorge, why on earth do you own shares of DEC in your ISA based upon your various posts here you believe:

1. They cheat on their production reporting and have to buy gas to satisfy hedges

2. They have no cash for dividends, buybacks, well plugging, loan interest etc

3. They have pending legal action based upon their methane emissions

4. They ae under investigation by the House of Representatives

I could go on but if you really believe this stuff I can't believe you should be holding DEC.

Https://x.com/ContangoPlc/status/1786274686323638351

Tony, regarding the gas hedges you refer to, I don't see these in the 2024 Capital Budget RNS or the Final 2023 Results RNS.

Are you getting this information elsewhere?

ie "There are hedges at CAD 3.00 / GJ from November 2024 onwards"

Tony, I am sure you have better information than I have regarding well costs across the various types. Also, I didn't see any NGL hedging in their plan? Do you have a feel for the typical Gas/NGL split on these wells?

I think everyone was hoping for something more in terms of production / NOI but probably unrealistically so. I3E are sill undervalued versus peers and according to broker estimtes.

As the drilling is very much back loaded we will only see it reflected in year end production rate. Some will say even that is only +3% but then you have to remember that there was no new production coming on-line in Q1 24 due to the limited 23 capital budget so they have a full years decline to overcome.

Regarding the drilling of additional gas wells - I think if they did not drill some gas wells it would have been very difficult to show a headline increase in production by year end. The high BOEPD / lower capital cost of the gas wells relative to Simonette was probably a factor here. I know the economics would favour Simonette drills but not sure why they wouldn't drill them until 2025 other than for the above reason .

Just my opinion.

Sweepie,

"what else are they going to invest in?"

Remember they have loans to repay! They are repaying the first £500,000 since December on a monthly basis plus interest. I am sure part of the placing is for that purpose but of course they weren't specific about that!

Ticketi-Boo, All time high was £1.41 in old money (£28.20 in new money). Not sure where you got the "well over £2" from?

TerryM1 / Notrex,

I like yourselves and probably many other LTHs bought into DEC for dividends and have a share price average in the £18 - £20 range. Now we can all have opinions on how the share price went from ~£20 to ~£8, but given that it got to the £8-£9 range the BOD had to do something. Painful as it was the dividend cut and pivoting to growth was almost certainly the correct decision as evidenced by the current SP trajectory. The listing in the US is now apparently having a positive impact too in terms of volume and leading the SP.

Its important to reflect and learn from history but to make a buy/sell/hold decision we need to look at current/ future prospects, which in my opinion look good for DEC. My POV is HOLD and maybe add. My strategy if the SP returns to close to its former levels will be to reduce and seek better dividend prospects / security elsewhere. Sounds a similar strategy to your own.

I don't understand however how your recurring negative posts will aid in any way in achieving it? We know what your position is and many of us share that position.

Vista.

Seen this article on the Yahoo Finance US site yesterday.

Interesting despite all the FUD being spread, DEC has a Zacks Rank #1 which equates to a Strong Buy.

Also listed as a "Best Momentum Stock" in the article yesterday.

https://uk.finance.yahoo.com/news/best-momentum-stocks-buy-april-140000496.html