Diversified Energy Co PLC (LSE:DEC)
£ 10.75 -0.5 (-4.44%) Market Cap: 508.88 Mil Enterprise Value: 1.54 Bil PE Ratio: 0.86 PB Ratio: 1.11 GF Score: 64/100

Half Year 2020 Diversified Gas & Oil PLC Earnings Call Transcript

Aug 10, 2020 / 10:00AM GMT
Release Date Price: £20.16 (+1.31%)
Operator

Hello and welcome to the Diversified Gas & Oil Interim 2020 Results Conference Call. (Operator Instructions) As a reminder, this conference is being recorded.

It's now my pleasure to introduce your host, CEO, Rusty Hutson. Please go ahead, sir.

Robert Russell Hutson
Diversified Gas & Oil PLC - Co-Founder, CEO, President & Director

Good morning. Thank you all for coming this morning to listen to our first half results. Just want to start out. We'll flip through the pages and I'll try to make note of the pages that we're on so that you can flip along with us, but I'm really starting here on Page 3.

Just want to talk a little bit about this first half of 2020, really a challenging environment, as you all know, in terms of the E&P sector. A lot of stuff going on. I mean we had the pandemic, obviously, that started in March. We had negative oil prices that happened during the first half of the year. A lot of the stress in the industry overall, especially here in the U.S., we've seen a significant amount of distress.

One

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