Diversified Energy - DEC - Some Similarities to PeytoHave any of you nat gas folks taken a look at DEC? I know this is the Peyto forum, but DEC has quite a few similar operating practices and metrics to Peyto.
- Annual production volume between DEC and Peyto is in the same range
- Operating costs are similar, so both are low cost producers
- Both hedge heavily and attempt to minimize exposure to the spot market pricing
DEC is currently trading to a 30% dividend yield. So either the stock is an undiscovered gem or a dividend cut has been leaked.
I own some and am waiting for the next earnings release to see if I think it is safe to add some more.