Donate to Remove ads

Got a credit card? use our Credit Card & Finance Calculators

Thanks to johnstevens77,Bhoddhisatva,scotia,Anonymous,Cornytiv34, for Donating to support the site

Diversified Gas and Oil (DGOC)

Carcosa
Lemon Slice
Posts: 390
Joined: November 4th, 2016, 10:53 am
Has thanked: 81 times
Been thanked: 427 times

Re: Diversified Gas and Oil (DGOC)

#352378

Postby Carcosa » November 1st, 2020, 8:17 am

Click on the thumbnails for expanded image.

Natural Gas (Henry Hub) prices over five and one year periods.

Image
Image

If you want to settle down for a 46 minute interview with Rusty Hutson (CEO/Founder) podcast to get some insight into the man then click here

Proselenes
Lemon Quarter
Posts: 1372
Joined: November 15th, 2016, 6:04 am
Has thanked: 58 times
Been thanked: 389 times

Re: Diversified Gas and Oil (DGOC)

#352858

Postby Proselenes » November 3rd, 2020, 8:00 am

Webinar today, link to register is below :

https://us02web.zoom.us/webinar/registe ... XIamT6sAqg

.

Proselenes
Lemon Quarter
Posts: 1372
Joined: November 15th, 2016, 6:04 am
Has thanked: 58 times
Been thanked: 389 times

Re: Diversified Gas and Oil (DGOC)

#353634

Postby Proselenes » November 5th, 2020, 8:41 am

Webinar video now on Youtube : https://youtu.be/_UZgRiBMPsA

.

Proselenes
Lemon Quarter
Posts: 1372
Joined: November 15th, 2016, 6:04 am
Has thanked: 58 times
Been thanked: 389 times

Re: Diversified Gas and Oil (DGOC)

#354166

Postby Proselenes » November 6th, 2020, 4:15 pm

New DGOC research note, target price raised to 160p.

http://www.more-ir.de/d/21809.pdf


.

Proselenes
Lemon Quarter
Posts: 1372
Joined: November 15th, 2016, 6:04 am
Has thanked: 58 times
Been thanked: 389 times

Re: Diversified Gas and Oil (DGOC)

#354950

Postby Proselenes » November 9th, 2020, 6:30 pm

Another director share purchase.

Proselenes
Lemon Quarter
Posts: 1372
Joined: November 15th, 2016, 6:04 am
Has thanked: 58 times
Been thanked: 389 times

Re: Diversified Gas and Oil (DGOC)

#356905

Postby Proselenes » November 16th, 2020, 7:04 am

Yet another director buy.

Diversified Gas & Oil PLC (LSE: DGOC), the U.S. based owner and operator of natural gas, natural gas liquids and oil wells and midstream assets, announces that on 12 November 2020, Melanie Little, independent non-executive director of DGO, acquired 20,000 ordinary shares of 1 penny each in the Company ("Ordinary Shares") through the market at a price of 113.97 pence per Ordinary Share. Following this purchase, Ms Little now holds 40,000 Ordinary Shares representing approximately 0.01% of the Company's issued share capital.

Proselenes
Lemon Quarter
Posts: 1372
Joined: November 15th, 2016, 6:04 am
Has thanked: 58 times
Been thanked: 389 times

Re: Diversified Gas and Oil (DGOC)

#363808

Postby Proselenes » December 7th, 2020, 9:14 pm

Cenkos note on DGOC in the link below, PDF file.

https://ufile.io/5mxyj0c8

.

88V8
Lemon Half
Posts: 5769
Joined: November 4th, 2016, 11:22 am
Has thanked: 4098 times
Been thanked: 2560 times

Re: Diversified Gas and Oil (DGOC)

#364796

Postby 88V8 » December 10th, 2020, 2:40 pm

They have an awful lot of debt.
The estimated divi cover is good at 1.9, and of course the yield is very attractive. But a double-digit yield... hmmm.
Still, if one doesn't take a chance on these newcos now and then... so maybe in for a tickle.

V8

Proselenes
Lemon Quarter
Posts: 1372
Joined: November 15th, 2016, 6:04 am
Has thanked: 58 times
Been thanked: 389 times

Re: Diversified Gas and Oil (DGOC)

#365359

Postby Proselenes » December 12th, 2020, 8:23 am


johnhemming
Lemon Quarter
Posts: 3858
Joined: November 8th, 2016, 7:13 pm
Has thanked: 9 times
Been thanked: 609 times

Re: Diversified Gas and Oil (DGOC)

#365371

Postby johnhemming » December 12th, 2020, 8:57 am

DGOC CEO wrote:We set it up from day one to focus on free cash flow and, as we’ve grown, that strategy really hasn’t changed. The industry has operated for too long on negative free cash flow.”

He added: “I still have about 3% of the shares in the company and I’ve bought more since we went public too.

“We’ve made it clear to our shareholders that we’re not going to do dilutive deals. I’ve got a big stake and the last thing on earth I want to do is hurt my holdings."


One key thing about DGOC is that they have a long term hedging portfolio
This can be seen on page 38 of this report:
https://d1io3yog0oux5.cloudfront.net/_4 ... esults.pdf

Where you can see the details of the hedging programme up to 2030. The idea is to protect revenues to enable the payment of any finance costs and repayment of debt when it comes due.

Other companies tend to hedge in one or two years.

Proselenes
Lemon Quarter
Posts: 1372
Joined: November 15th, 2016, 6:04 am
Has thanked: 58 times
Been thanked: 389 times

Re: Diversified Gas and Oil (DGOC)

#366758

Postby Proselenes » December 16th, 2020, 2:24 pm


Proselenes
Lemon Quarter
Posts: 1372
Joined: November 15th, 2016, 6:04 am
Has thanked: 58 times
Been thanked: 389 times

Re: Diversified Gas and Oil (DGOC)

#380775

Postby Proselenes » January 26th, 2021, 4:10 am


moorfield
Lemon Quarter
Posts: 3523
Joined: November 7th, 2016, 1:56 pm
Has thanked: 1546 times
Been thanked: 1402 times

Re: Diversified Gas and Oil (DGOC)

#380850

Postby moorfield » January 26th, 2021, 10:38 am



Thanks, interesting link. I have my eye on DGOC currently as my next high yield purchase...

Proselenes
Lemon Quarter
Posts: 1372
Joined: November 15th, 2016, 6:04 am
Has thanked: 58 times
Been thanked: 389 times

Re: Diversified Gas and Oil (DGOC)

#382718

Postby Proselenes » February 1st, 2021, 11:46 am

New Cenkos note on DGOC in the link below........ PDF file

https://gofile.io/d/kGPmPs

.

Proselenes
Lemon Quarter
Posts: 1372
Joined: November 15th, 2016, 6:04 am
Has thanked: 58 times
Been thanked: 389 times

Re: Diversified Gas and Oil (DGOC)

#382818

Postby Proselenes » February 1st, 2021, 3:57 pm

First Berlin note on DGOC

http://www.more-ir.de/d/22051.pdf

.

Proselenes
Lemon Quarter
Posts: 1372
Joined: November 15th, 2016, 6:04 am
Has thanked: 58 times
Been thanked: 389 times

Re: Diversified Gas and Oil (DGOC)

#383514

Postby Proselenes » February 4th, 2021, 4:25 am

https://www.herald-dispatch.com/busines ... 24fc4.html

Business

Diversified Gas & Oil announces opening of gas control center in Charleston

The Herald-Dispatch 22 hrs ago

CHARLESTON — Diversified Gas & Oil Corporation announced the opening of its state-of-the-art natural gas control center in its Charleston regional office.

The new facility will initially support the monitoring of the Cranberry Pipeline network, which transports 70 million mcf (thousand cubic feet) of nat...............

Proselenes
Lemon Quarter
Posts: 1372
Joined: November 15th, 2016, 6:04 am
Has thanked: 58 times
Been thanked: 389 times

Re: Diversified Gas and Oil (DGOC)

#393793

Postby Proselenes » March 9th, 2021, 8:50 am

Interview with Rusty the CEO

https://www.youtube.com/watch?v=Nc8uy-XjfCU

.

88V8
Lemon Half
Posts: 5769
Joined: November 4th, 2016, 11:22 am
Has thanked: 4098 times
Been thanked: 2560 times

Re: Diversified Gas and Oil (DGOC)

#397077

Postby 88V8 » March 19th, 2021, 12:32 pm

These have fallen back recently.
Yield >10%.
An opportunity?

There is concern that they may have to tap investors or take on more debt.

Over on ADVFN - where John Hemming late of this parish still posts - someone has made the interesting observation that this company is as much about the management of hedges as it is about O&G.
So, somewhere between an Oily and a Financial.

My experience of ultra-high yields is that they eventually unravel.
Tempted to buy more but hmmm.

V8

Proselenes
Lemon Quarter
Posts: 1372
Joined: November 15th, 2016, 6:04 am
Has thanked: 58 times
Been thanked: 389 times

Re: Diversified Gas and Oil (DGOC)

#408256

Postby Proselenes » April 30th, 2021, 8:20 am

Cenkos update on DGOC today.

https://gofile.io/d/nr90z5

PDF file in the link.

Proselenes
Lemon Quarter
Posts: 1372
Joined: November 15th, 2016, 6:04 am
Has thanked: 58 times
Been thanked: 389 times

Re: Diversified Gas and Oil (DGOC)

#409440

Postby Proselenes » May 5th, 2021, 12:35 am



Return to “Oil & Gas & Energy (Sector & Companies)”

Who is online

Users browsing this forum: No registered users and 18 guests