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Diversified Energy Company ( (GB:DEC) ) has provided an update.
Diversified Energy Company PLC has announced a proposed offering of up to 8,500,000 ordinary shares in the United States, with Citigroup and Mizuho acting as joint book-running managers and underwriters. The proceeds are intended to repay part of the debt related to its planned acquisition of Maverick Natural Resources, LLC. If the acquisition does not go through, the funds will be used to repay debt and for general corporate purposes. This move signifies a strategic step in managing its financial commitments and potentially strengthens its position within the energy sector.
More about Diversified Energy Company
Diversified Energy Company PLC is a leading publicly traded energy company focusing on the production, transportation, marketing, and retirement of natural gas and liquids. The company employs a strategy centered around acquiring existing, long-life assets and improving their environmental and operational performance, aiming to retire them in a safe manner. Diversified Energy is recognized for its sustainability leadership and is committed to producing energy responsibly while generating shareholder value.
YTD Price Performance: -4.61%
Average Trading Volume: 176,019
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £651.4M
For an in-depth examination of DEC stock, go to TipRanks’ Stock Analysis page.
