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Diversified Energy (DEC) is trying a new approach to natural gas production by purchasing existing wells and updating them to improve production, rather than drilling new wells. The company recently began trading on the New York Stock Exchange in December, but has also traded on the London Stock Exchange since 2017.
Diversified Energy CEO, Co-Founder and Chief Executive Officer Rusty Hutson Jr joins Yahoo Finance from the floor of the New York Stock Exchange to discuss why the company’s business model has many advantages over its competitors and how these securities We will explain strategies for dual listing on exchanges. .
Hutson explains: “Back then, the company was much smaller and accessed capital through the London Stock Exchange, AIM. The IPO was $50 million. But really over the past seven years, what we’ve been able to do is… “We were able to access a pool of capital that we didn’t have access to here in the U.S. because of the size of the company, capital that helped us grow the company significantly over that period.” Thanks to that, we were able to get dual listing here. It was listed on the New York Stock Exchange in December. ”
For more expert insights and the latest market trends, click here to watch the full episode of Yahoo Finance Live.
Editor’s note: This article was written by Nicholas Jacobino.
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