Diversified Energy Company PLC (LON: DEC, NYSE: DEC) issued a statement addressing recent fluctuations in its stock price. The company acknowledged the existence of a report from a short seller, which, according to DEC, contains inaccuracies and distorts its financial and operational performance.
DEC stated that the purpose of this report appears to be to manipulate DEC’s share price to the advantage of the short seller. The company firmly asserted, “This report is riddled with inaccuracies, overlooks our specific financial and operational achievements, and appears solely designed to exert a negative influence on our stock price for the short seller’s personal gain.”
Furthermore, DEC emphasized its unwavering commitment to delivering sustained value to its shareholders, prioritizing the reduction of outstanding debt, and actively exploring strategic growth opportunities that enhance value.
The company sees itself as a vital contributor to the ongoing energy transition, with a focus on consolidating and retiring existing US energy infrastructure assets, stimulating economic growth, and reducing emissions.
DEC reaffirmed its dedication to responsible asset ownership and operation.
DEC also announced its intention to release a year-end trading statement by January 31st.
About Diversified Energy Company PLC
Diversified is a leading publicly traded energy company focused on natural gas and liquids production, transport, marketing, and well retirement. Through our differentiated strategy, we acquire existing, long-life assets and invest in them to improve environmental and operational performance until retiring those assets in a safe and environmentally secure manner. Recognized by ratings agencies and organizations for our sustainability leadership, this solutions-oriented, stewardship approach makes Diversified the Right Company at the Right Time to responsibly produce energy, deliver reliable free cash flow, and generate shareholder value.
