Member Info for Worya

Hey guy's been following this share for a while but first time posting.

Helium is an interesting niche and hopefully things pan out for helix.

3 little birds you seem to often be encouraging buying on the dips but from I've seen its been a steady slide for a few months, outside of small rises. I'm curious as to what you think the bottom is?

I will review for entry below 12.5

JC

It's very early days and the benefits of higher gas prices and maverick deal will take time to filter through. I'm hoping for better sentiment come the summer.

My divi was paid into my ii account not sure when in the day it went in, but some time after my first post today and now

Another good BB on Friday. Looks like the BB is being guided by market volume.

The share price is holding up well considering the wider market downturn.

Dividend should be paid today, some might use some of that to top up with. It will be only a small Dividend for me as the majority of my buys are ex divi

Terry,

You are correct there are some regulations about how much of the volume can be repurchase on any given day, as this could artificially raise the SP. Yesterday volume in the UK was approx 1/3 of normal trading volumes.

From the new debt issue the key point is the debt is leverage neutral, so it will not add or remove from the bottom line. My best guesstimate is maverick deal had some debts that were maturing and the people at maverick didn't really care as it was being sold. It's likely this was a like for like debt interest rate, so as to be cost neutral.

I'm disappointed they couldn't leverage a better interest rate on the debt, but this could be a by product of the expected high inflation secondary to the trump effect

Hey guy's, 3 things

1st, we don't know what level of interest the maverick debt had, maybe this is to replace some of the higher interest that came with that deal.

2nd the company now has over 400 million in free cash. This is huge and as some of you have already suggested but will likely result in more acquisitions or a continued large BB

3rd yesterday BB was low at 7500, but the general market volume was very low so it likely limited how much shares can be repurchased

The BB continue

42k worth of shares approx £438k worth of BB yesterday.

Not sure how long they can keep this up for, but the longer the better. At this price it really makes sense as below the tender offer of £11.5

Well done Terry good trades, I'm more a medium term investor.... unfortunately sometimes that also turns to long term.

The BB yesterday was pretty decent. If they maintain that or at least a £100k a day it will support share price going forwards

Trek,

Thanks for the tips, I keep an eye out for them, especially SVML.

I know this isn't the hex board but I've been following it for a little while but I find it way too risky for my blood.

Pantheon is another one I'm monitoring with huge potential upside but also massive risk to go with it

JC01

I was just pointing out my mistake and I was happy to have been corrected.

Also I thought I did read somewhere that the maverick deal had some drilling benefits/ drilling company.

I am likely to be mistaken and it's just continuation of previous joint ventures, happy to be corrected

JC01

I agree the mainstay of the company would continue to be acquisitions, however hopefully with the joint ventures they would be able to mitigate decline and provide another avenue of revenue generation.

Anyway I've made my bed, time to sleep init and see what the next 6 months hold

I'm actually hoping that they start drilling.

I think a large part of the maverick deal was they had in-house drilling operation that DEC has now acquired. Combine this with the huge amount of land and massive amount of data about where the gas/oil is and you have a relatively low risk way of maintaining or boosting production.

It should also mean the company is less reliant on acquisitions.

Let's see what the future holds,

I'm not sure this will materialise.

DEC often states the capacity for large share buy backs incase they have spare cash buy generally they only do a small repurchase.

Personally I would prefer if they keep the extra capital for further acquisitions, avoiding the need of further debt, rather then share buy backs.

If you look at volume it's around the daily average, so wouldn't say people are flooding back in.

Either way it's been a great day for DEC and hopefully this will continue for the week.

For myself and others that got in around 900 or sub it looks like a great purchase.

For long term holders (also myself) let's hope it reaches close to previous highs.

ASP1 thanks for the great summarised benefits for DEC. Just hope gas prices stay above $4 long term

Not sure there has been any reference to the dividend being changed. From the last management statement I recall the dividend was fixed for 3 years.

can you please provide a link to your source or is this just something you are assuming

Wow that completed quicker the expected, I thought it would be in Q2.

Hopefully that would lift some apprehension from the shares.

Although my purchase timing may be in jeopardy as potentially some sell off the newly issues shares on Monday, unless a clause is in place

Terry,

Yea i noticed my wife's purchases as well ad mine a few days prior where on the top end of the scale 3-5p above the average.

I didn't have the time to do the smaller purchases and when this hopefully starts climbing the 0.5% difference is immaterial.

I just topped up with the wife's ISA.

Another 64k purchase, had to do it in 2 buys.

I am heavily into dec atm, hoping for a 50% uplift from here and some dividends payments along the way