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?

Hang on in there scotinvestor....it will turn around....more drilling to come !.

at last......this sp going up!

1st 2 days of buying i'm down 130p. come on dana, tell stupid city boys how much these 3 new finds will produce in money.

going up a bit more.....come on, give us 25 quid

That was bad US Crude inventory data. I'd have thought we'd be heading positive here as oil is again back in centre stage.

We're also at the start of hurricane season now.

Nice bit of consolidation here in the last couple of weeks. Looks like we're setting up the run now for the low 20's.

emmm consolidation when i lost 1.50 in 2 days! not sure about that

Graph looks well set for rises back to 20 now.

i want 23 min and pref 25

seems to be falling again greyhound

Patience!

its wearing thin already!!!

Perhaps we could do with some Putin bullying.....might help the sp !

i think all the countries around russia have been bullied enough for many decades!! and others even further away like poland, czech etc.
its about time russia got a bit of its own medicine.....i'm hoping mccain will win usa election as he says he's going to be hard on russia and china.....something that mr.bush has not done.

as kenny everett once said "lets bomb russia", lol......actually maybe bp will be saying it soon with all their problems there with the kremlin and mafia boys

I was watching the share price moves just before the close last night and we tested (and went below) the Fibonacci level of 1774, then closed smack on it - so would be looking for a rise today all things being equal!

Might be a good time to get some more (if funds available)....still think this will fly past 20 sooner or later !.

Totally agree, but it's not going to be without some hairy moves in both directions probably.

Goldman neutral/attractive, target 2075p - but I think they've been neutral all a long...

Yep !, patience is required !

i better sell then as it will plummet now, lol