Diversified Energy Company: Another Bolt-On Acquisition To Drive Growth

Group 1 - Diversified Energy Company (NYSE: DEC) announced a secondary offering of 5.7 million shares at an offering price of $13.75 per share, aiming to raise $78.6 million [1] - Prior to the announcement, shares were trading above $15 per share, indicating a significant selling pressure following the news [1] Group 2 - The investment analysis is conducted by Michael Del Monte, a buy-side equity analyst with over 5 years of industry experience, who has a background in various sectors including Oil & Gas, Midstream, and Information Technology [1]