Added to YB: 2024-06-17
Pitch date: 2024-06-14
DEC.L [bullish]
Diversified Energy Company PLC
+9.21%
current return
Author Info
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Company Info
Diversified Energy Company PLC operates as an independent owner and operator of producing natural gas and oil wells primarily in the Appalachian Basin of the United States.
Market Cap
GBP 972.9M
Pitch Price
GBP 9.94
Price Target
N/A
Dividend
9.16%
EV/EBITDA
10.14
P/E
-5.40
EV/Sales
3.24
Sector
Oil, Gas and Consumable Fuels
Category
value
Show full summary:
Diversified Energy Company
DEC.L: Largest US old gas well owner, down 70% on scandals; looks cheap at 8% DY, 50% margins, 0.9 PE. US shale output peaked in 6/11 fields, NG prices to rise to $8-10 as exports rise. 5x+ upside if NG hits $8-10, but debt a risk. Bullish US NG for 3-5yrs.
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