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Diversified Energy what an ongoing £410m mess, ouzo for we perma bears, stay short as this could go all the way to zero

By Tom Winnifrith, the Sheriff of AIM | Tuesday 19 March 2024


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


On 15 February Diversified Energy (DEC) announced that shareholders could enjoy a tender offer as an alternative to a dividend. Today, citing regulatory differences in the US and UK, that scheme has been scrapped. It is almost as if, faced with bear dossiers and a tanking share price, it is making it up as it goes along.
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