This year may be one that people wish to forget and instead look to next year when some sense of normality might return. However, it wasn’t all bad news with a few global stock markets and investment themes notching up stellar returns. Heightened volatility has meant that the divergence between the winners and losers has been especially wide so far in 2020, with the best almost doubling and ...

On 29 October Royal Dutch Shell (RDSB) provided the market with a positive surprise, increasing its dividend by 4% as it booked a larger than forecast third-quarter profit. However, before we get too excited by the dividend hike, it is but a ripple in the ocean when you consider the pay-out had been cut by two thirds back in April. While profit of $955 million might sound impressive in ...

Diversified Gas & Oil (DGOC) 112.4p Gain to date: 10.2% Original entry point: Buy at 102p, 21 May 2020 Supported by a recovery in oil prices and robust operating performance, our faith in Diversified Gas & Oil (DGOC) is gradually being rewarded. A notable feature of the recent first-half results (10 Aug) was the continuing commitment to a generous dividend. The ...

Newly promoted from AIM to London’s Main Market, Diversified Gas & Oil (DGOC) could provide a beacon of income stability at a time when many listed companies have been cutting their dividends. A dividend yield of 12% is underpinned by the company’s low-cost model, strong balance sheet and robust cash generation. Chief executive Rusty Hustson tells Shares he is ‘adamant’ the ...

UK stocks start Thursday trading on the front foot buoyed by a firm showing for US markets overnight, offsetting more trade tariff tightening that will see the US impose an extra $300bn burden on Chinese goods by the end of the year. The pound continues its decline as investors worry about Brexit no-deal implications, although comes as a boon for the FTSE 100, sidestepping the swathe of mid cap ...

Diversified Gas & Oil (DGOC:AIM) 130p Gain to date: 44% Original entry point:  Buy at 90p, 22 February 2018 Our positive call on AIM oil producer Diversified Gas & Oil (DGOC:AIM) continues to be rewarded with the company completing its largest acquisition to date (29 Jun). The $575m acquisition of assets from shale producer EQT is located in the company’s traditional base ...

Shares in mid cap oil firm Ophir Energy (OPHR) have gained 3.7% to 61.6p after it announced the $200m cash purchase of a package of producing assets in Vietnam and Indonesia and exploration and appraisal projects in Malaysia, Vietnam and Bangladesh. Ophir has outlined a plan to rebalance its portfolio towards more significant production. The goal is to improve cash flow to fund future ...

Several constituents of our Great Ideas portfolio have had relevant pieces of news of late. On 30 April Diversified Gas & Oil’s (DGOC:AIM) results demonstrated the benefit of its recent acquisition of producing assets in its Appalachian basin base. Adjusted earnings increased by more than 300% to $17.5m and total dividends increased by 173% to 5.44 cents per share. Chief executive ...

Oil prices are marking new multi-year highs as we write, supported by a larger than expected draw on crude stocks in the US and bullish comments from Saudi Arabia. Geopolitical tensions impacting major oil producing regions such as the Middle East and Russia have also contributed to the strength in prices. Like most markets, oil is driven by supply and demand factors. Conflict and tension in ...

Oil and gas firm Diversified Gas & Oil’s (DGOC:AIM) buy-and-build strategy in the US Appalachian basin is gathering pace following a big fundraise and two sizeable acquisitions which are set to make it the biggest producer on AIM. Crucially this is a story with strong returns on capital and generous dividends at its heart, making the company something of an outlier in the oil and gas ...

New AIM oil and gas outfit Diversified Gas & Oil (DGOC:AIM) is wasting no time executing on its buy-and-build strategy onshore the US. A mere three weeks since joining the UK junior stock market, the company has announced (24 Feb) the $1.75m acquisition of mature conventional wells in the Appalachian basin. Although modest in financial terms, the deal lifts output by 15% to 5,600 barrels ...

The biggest oil exploration and production IPO (initial public offering) since the oil price collapse in 2014 is set to be something of a rare beast in the sector as it plans to pay a generous dividend. The uniqueness of its proposition helped US-focused Diversified Gas & Oil (DGOC:AIM) raise $50m as it joined AIM on 3 February. The company has been in existence since 2001 but has ...