Just cannot understand recent SP volatility!

As a Dana shareholder I find it difficult to
find any reason to sell, even at current price. The Company has recently
entered a number of agreements which will have
considerable benefits:-

1. Reserves from 31st December 2003 of 123.7 mmboe
must now be in the region of 200.0 mmboe.( 100 million
North Sea 70 million Mauritana 30 million Russia ).

2. Production will rise to 25-27 thousand boepd in
2005 from 18 thousand in 2004.

3. At 30th June 2004 a Net cash position which will
have been enhanced significantly year to date.

4. Exciting exploration potential.

5. Management that seem to know what they are doing
with an excellent chief executive.

6. Recent deals by other oil companies have seen oil
assets bought at prices between 7-11 dollars a barrel
( see last weeks Investors Chronicle ) Dana must have
a value well in excess of the current 300 million.

I am holding firm and looking towards 800 pence.

Any other views out there?

Nice daily gains we've been seeing and heading back up to the highs. Hopefully a clear break this time.

Take a look at jkx its storming today.

Credit Suisse raising target to 1760p

Thats quite an impressive turn around today I like it.

Oils rebounding this week has helped Dana to recover.

Incredibly strong performance, breaking into new territory. With several broker target prices in the higher teens, looks like we're on our way. Or how long before a bid approach?

The new oil find at West Rinnes, looks as though it could well be substantially better than first thought.

up 200p incredible.

With potential at East Rinnes and the other near-by drills, we could be heading substantially higher. And these fields to be drilled immediately. Those broker targets in the higher teens starting to come to fruition.

20 a share here maybe worth holding.

Pausing for breath before the next climb.

I would definitely say 20 a share here +.

New targets are Evolution 19, Morgan Stanley 19.20 and ABN Amro 17.55.

Let's hope for some success at East Rinnes and if this can match West Rinnes the share would be very cheap at current levels. Combine that with the potential in Egypt and I wouldn't be surprised to see something nearer 23/24 in a year/18mths.

Thanks for that Greyhound 2000p is my target too.

Get on board the rocket that is Dana.

On our way again ;)

I agree with your previous comment .. 23/24 in a year.

1800p sometime this week.

I've changed my mind they could double in 2009..30 plus..?

All very dependent on East Rinnes/Egypt/Africa as a whole. Plenty of drills scheduled so anything is possible. My realistic target would be 25 in a year. A successful doubling up at East Rinnes following West Rinnes would transform us further.

Missed out on this one...one of the few Isa oilies I'm not in...well done those that caught the rise.....I must admit I should have seen this coming...good luck all !

Never too late with oilies they just keep on and on...plenty of drills here could easily go 30% higher in the next months.
Every portfolio should have a few Dana.

ot take a look at KENZ.