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?

too true DD.

Have tried going long at 900 as looks like it is at the bottom of the downchannel though stop below 850 as market currently deranged!

as we presumably are for trying to trade it!

Here we are 2 positive broker notes out today-

Dana Petroleum PLC

FORECASTS
2008 2009

Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Exane BNP Paribas
27-01-09 BUY 238.00 111.50 141.00 65.30

Oriel Securities
27-01-09 ADD 240.70 125.30 153.90 79.70

Are you back in again Goldfinger? !0% crude sell-off yesterday doesn't seem to have affected the oilies adversely

Yep, theres speculation frothing over...

Rinnes news due ?....The rig is due to arrive in mid December with each well expected to take around 25 to 30 days to complete.


By the way Fal that note above re- to brokers should read broker notes out late tuesday.

Back in again..

So am I mitzy but it was a bit of a yo yo day today.

Certainly is gf but this is one of my favs.

DNX will give me a heart like that tandem skydiver's yesterday, volatile beast

Touched 940p for a while currently above 900p.

Positive operational update, with strong financial position reported.

Yes I agree spitfire it looks oversold with the rns...got to be worth 1000p st.

Great rise this morning..

Corker of a day chaps. (all round)

keep it coming DNX.

Will it reach 1000p today.

Loads err money mitzy.

OOOps got carried away them, what a day only donkey is POG but itl come good in time.

1000, ? not sure who cares as long it keeps going up.

It touched 990p so nearly there gf.

Yep just seen.

Got that many going and in profit this is just like the dot comma.

give it some pasty mitzy.

Been a good week gf long may it continue..