Diversified has reported record average net daily production of 142kboepd in H1/23, up 4% YoY, and a H1/23 exit rate of 144kboepd. Whilst H1/23 has seen lower natural gas pricing compared to 2022, Diversified's disciplined approach to natural gas hedging has allowed the company to realise an average revenue per unit 25% higher than the Henry Hub gas price and maintain an EBITDA cash margin of >50%. The stock's current yield of c16% and upside to our target price of 153p make for a highly attract ....
