Member Info for Worya

Thanks for the feedback guys.

Looks like the market is as confused as we are re BB and the share price is faltering. If we drop below £10 are they going to restart ?

Looks like the BB might have been only to boost the trading statement they done on Monday.

Very strange strategy with the BB, most companies have long term BB at sustained volumes... not DEC

I think it would be far to say any long term holders holders would not be happy with DEC, due to share decline and failed promises. Add to this the share price is unlikely to reach previous highs.

New entrants into DEC would be optimistic as current price isn't really that reflective of the business and dividend levels.

I do find ACE input concerning, as all 3 metrics of free cash flow per share, share price and management have been in decline. Would the current maverick deal and extra headroom in free cash flow allow a more organise growth (or even sustainability) of the company, I certainly hope so.

I personally held a moderate holding in the past and was upset with the huge decline, but topped up massively during the drop before last. My overall position is currently positive but we need to stay above 10 for that to remain the case. I'm aiming for a £14-15, share price before cashing out and collecting health dividend along the way. I wouldn't want to be here when ARO issues arise again and we have a democrat goverment.

Well I wasn't expecting a drop today, nice to see that reversed somewhat.

Price should be closer 10.50 based on US close price. Let's see what happens when the US markets open up.

Terry did you get any trades on the dip today ?

Luther next dividend payment is due at the end of June and goes ex divi on the 29th of May.

This link should help.

Also remember there is a 15% withholding tax (this goes upto 30% if the correct form is not completed with your broker)

https://www.dividendmax.com/united-kingdom/london-stock-exchange/oil-and-gas-producers/diversified-energy-company-plc/dividends

I would say that's a very poor reaction from the US, we where up 6% at one point then dropped down on us market opening up. Not sure why as the results are good, I suspect someone is selling state side and the BB need to be restarted to mop up the extra shares

I think today's rise is very specific to the solid results and future outlook and not due to the wider oil and gas markets improving.

Hopefully this is a sustained rise

Very good point Jim, let's see how the BB goes in the coming days

I'm hoping we've broken through the $13 dollar barrier and it now acts as a support.

Interesting no BB yesterday and the price still went up. Not sure why the BB didn't occur yesterday, maybe its some regulation thing as the results are soon to be announced.

Very good entry point.

Last BB are close to $million dollars.

I suppose it makes sense ad in the deals the made the exchanged shares instead of money, now BB the shares for a lower price, means the deals are actually cheaper for dec

I'm liking the rise this morning, will we break the £10 uk barrier and smash the $13 dollar US one, i certainly hope so.

Rough maths

Approx 65k shares a day @ around $12.5

Means they are spending approx 800k a day on BB.

In a month roughly 22 working days that's close to 18mil

Ofcourse some days higher others lower but this is a very good sign the company has surplus cash atm.

JC

That was also my impression from the RNS at the time, the cash was for an existing debt and was cost neutral.

Outside of the 300 new debt issue the company still had 140 mill in free cash, a number that should be increasing considering the increased revenue the company now generates from all the extra deals.

I am happy regarding the current BB, large sustained volumes at a good price. If you've got the cash where better to put it given current share price.

I hope Monday provides some more clarity.

Next Monday is the financial set of results for this year. It will include accounts upto end of March, hopefully the market will get a glimpse of how the finances look post maverick and other deals .... this should hopefully send the sp in a firm direction ..... whether that's up or down, who knows

The share price has been hovering around 13 dollars for a little while. It keeps getting beaten back down after a brief rise, hopefully we can break through soon

Trump is an idiot,

Most western countries would have easily wanted to buy US gas and oil before all this, both competitively priced and from a trusted ally.

Now countries would likely be wondering how trusted this ally, the USA, is and are the gulf countries (who have proved to be reliable) might be the better bet.

I think American economy shrinking in the last 3 month will have a negativ impact on the sp, hopefully BB can mitigate some of this.

Hey Terry,

I recall the 300 mill was used to replace a similar sized debt and was cost neutral so likely similar rate or more profit doing it this way.

The BB are hopefully from cash generation of the now larger company. It may be that DEC is aware of a larger holder offloading and trying to mop up extra shares to stablise /improve the share price.

Either way it's a good move at a good time( when prices are low). Key questions would be how long will it be sustained for, hopefully it gets us about £10 at least, then chartist will see it's on the uptrend and more buyers are attracted.

MrG

Which analyst, can you share the link

Thanks

Price is being pushed down on very low volumes today. BB are mainly on America so hopefully when that market opens up it will drag the share price up