DECPF - Diversified Energy: An Entry Opportunity After Blackbeard Acquisition

• Merely one month after the Indigo Cotton Valley acquisition, Diversified Energy announced the purchase of Blackbeard Operating LLC in the Barnett Shale play.
• The Blackbeard transaction further expands the footprint of Diversified in the newly-opened central regional focus area. The acquisitions will be financed with equity issuance.
• The acquisitions are accretive on a per-share basis even with the equity dilution. The deleveraging following the placement gives Diversified latitude to go after bigger targets.
• Discerning investors may take advantage of the sell-off following the Blackbeard announcement to make an entry, with the anticipation of more aggressive acquisitive growth to follow.

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