RE:Diversified Energy - DEC - Some Similarities to Peytomy12by61 wrote: Have 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.
This company? I would hope their operating practices are nothing alike.
Los Angeles, California--(Newsfile Corp. - December 19, 2023) - The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Diversified Energy Co PLC ("Diversified Energy" or "the Company") (NYSE: DEC) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Diversified Energy stated in a press release issued on December 19, 2023, that "The Company received a request for information from four members of the minority party (52 member committee) of the United States House of Representatives Committee on Energy and Commerce regarding its well retirement and emissions information. The Company is reviewing the letter and intends to engage in a positive and open manner, as it has continuously done, by providing information regarding the company's peer-leading environmental and operational actions that underpin its responsible asset stewardship approach."