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Diversified Gas & Oil banks bargain gain

Diversified Gas & Oil banks bargain gain

What’s this, a resource stock with an operating profit that exceeds its top-line? That’ll be the 2018 income statement for Diversified Gas & Oil (DGOC), which recognised a $173.5m (£130m) "gain on bargain purchase" for the $938m-worth of assets it acquired in 2018, and which helps to explain the somewhat confusing table below.

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