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?

Getting warmed up now, and can see prervious recent high of 11 being tested.

PMO....coming along nicely as well !.

Indeed RF.

tullow another one aswell.

Going well again and way undervalued according to brokers following this one.

Happy Three Kings day.

ehhh??

National Holiday in Spain today.. just like Xmas.

yep, Id completley forgotten.

this market is so fast, and in the right way at the moment.

Dana is a gem of a stock.

Intraday chart shows a pull back from high so far of day so ive gone in and added. Oil SP continues to rise and broker Goldman Sachs (much respected) as a target price of 15.28 so thats rather assuring.....

Fairly recent article on dana, posted earlier, certainly worth refreshing ones mind...

http://www.proactiveinvestors.co.uk/companies/news/3735/dana-petroleum-highly-undemanding-valuation-3735.html

Started off negative and now doing a U turn.

Looks like we could end up very positive here.

Starting to pull itself together and frame now. Nice.

You cant beat the market so Im out with some good profits.

will return when conditions are better.

Glad about that. As you know, it doesn't matter what the sp should be, if market conditions are crap then down it will go.

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.