Diversified's unique, yet-simple business model continues to deliver amidst volatile capital and commodity markets. 2022 results were in-line with forecasts, with the Company maintaining its industry leading cash margin of 50%. Average daily production in 2022 increased 14% YoY to 135Mboepd, driven by the Company's 2022 Central Region acquisitions and the continued rigorous management of the Company's base production. Through its hedge-protected business model (85% of 2023 gas production hedged ....

01 Feb 2023
Cenkos: Diversified Energy Company Plc -- Delivering Amidst Volatile Markets

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Cenkos: Diversified Energy Company Plc -- Delivering Amidst Volatile Markets
Diversified Energy Company PLC (DEC:LON) | 86.8 1.8 2.4% | Mkt Cap: 842.9m
- Published:
01 Feb 2023 -
Author:
James McCormack -
Pages:
9 -
Diversified's unique, yet-simple business model continues to deliver amidst volatile capital and commodity markets. 2022 results were in-line with forecasts, with the Company maintaining its industry leading cash margin of 50%. Average daily production in 2022 increased 14% YoY to 135Mboepd, driven by the Company's 2022 Central Region acquisitions and the continued rigorous management of the Company's base production. Through its hedge-protected business model (85% of 2023 gas production hedged ....