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?

May still happen imo. August still to come & go when trading is traditionally slow.

If you agree, cut and paste this to your favourite threads and don't forget to sign.



--------------------------------------------------------------------------------


http://petitions.pm.gov.uk/shortsellsecy/

We the undersigned petition the Prime Minister to MAKE IT ILLEGAL TO SHORT SELL STOCK EXCHANGE SECURITIES

A good start to the day.

ANYMORE VIEWS ON DANA GUYS,,

its a great medium or long term hold no matter what.....oil price in 5 years time will be high as we r running out of it to supply demand

if sp goes much lower, it could be a takeover target too in short term

check that bp are having huge problems in russia, their top man is in hiding.....they r pulling out of russia and so need to boost production

I agree long term they are a great bet especially since most of its production is unhedged and the growth story is continuing.

The Board were upbeat at the AGM on 24th and have posted a statement on their web site. ABN-AMRO have a target of 26.00 and Citigroup Global Markets have a target of 27.00 in line with NAV. The share price is conditional on the oil price but there should be a news flow from the 11 or so wells to be drilled during Q3 and Q4. Let's hope these produce some good results.

i'm sure the oilies will come back again from recent sharp falls......in any event, oil in few years time will be in short supply so its only going to go one way

i think credit suisse had 28+for dnx as a target

Tipped by The Momentum Investor this weekend

seems as though everyone is tipping it......and supposed to be worth twice the price....except market doesnt think so as it goes down every day every week

At 1400p they represent good value.

very cheap i'd say as recent finds with high oil price will show up in next results..... big increase in recenue / profit

Scotinvestor

That was the gist of the TMI article - expected output rising from 30,000 to 45,000 barrels per day, unhedged oil prices and more drilling to be done.

I can't remember the actual figures but there was a huge increase in expected EPS
(it was something like 90p increasing to 1.90)

Still waiting for 14

192p for 2008 and 209p for 2009.

Forget 1400p its going back up again.

BP should give them a boost despite oilgarch activities

best not connected with bp.....bp are in serious trouble in russia.....bp production in russia accounts for 25% and when they get kicked out, their sp will bomb....in fact i'm surprised it aint affected right now

cheap, don't miss it falco. Thinking of topping up too.