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Dragon Oil - 2006 (DGO)     

dai oldenrich - 03 Oct 2006 10:11

Dragon Oil plcs principal production and exploration interests are located in the Cheleken Contract Area in the Caspian Sea, offshore Turkmenistan. The Cheleken Contract Area covers approximately 950 sq.kms and comprises two offshore oil and gas fields, Dzheitun (LAM) & Dzhygalybeg (Zhdanov), in water depths of 10 to 37 metres.

Chart.aspx?Provider=EODIntra&Code=dgo&Si
            Red = 25 day moving average.           Green = 200 day moving average.

ahoj - 30 Sep 2008 15:54 - 379 of 903

time to add.

cynic - 30 Sep 2008 16:04 - 380 of 903

why?

ahoj - 30 Sep 2008 16:24 - 381 of 903

350M in bank, printing money as long as oil is above 44p.

cynic - 30 Sep 2008 16:32 - 382 of 903

sp and direction say otherwise, whether fair or not

mbugger - 30 Sep 2008 20:21 - 383 of 903

this is going to gasprom,last year a deal was made to shaft shareholders,and give it to the russians,last week the sheik walked [with a huge backhander no doubt]what next,33p.,

mbugger - 30 Sep 2008 20:21 - 384 of 903

this is going to gasprom,last year a deal was made to shaft shareholders,and give it to the russians,last week the sheik walked [with a huge backhander no doubt]what next,33p.,

mbugger - 30 Sep 2008 20:21 - 385 of 903

fido is a joker.

ahoj - 01 Oct 2008 08:03 - 386 of 903

mbugger,
Are you short on this?

hlyeo98 - 01 Oct 2008 16:23 - 387 of 903

Of course ... this is a good short...been shorting DGO from 270p.

ahoj - 01 Oct 2008 16:33 - 388 of 903

hlyeo98,
I didn't know you are mbugger!!!

hlyeo98 - 02 Oct 2008 15:12 - 389 of 903

Well, DGO is crumbling again, ahoj...I'm not sure DGO is printing money as you think it is. You are over-optimistic imho.

ahoj - 02 Oct 2008 15:16 - 390 of 903

49K bpd production with little cost. They are selling comfortably through Iran and other routes. About $600M in bank. etc
Aren't they making high double digit profit as long as oil is between $44 and $108? I know outside the range, the profit will reduce dramaticaly and they may even lose money as they did (DGO lost $91M) during summer when oil was above $108, up to $147.

Let me know why not?

hlyeo98 - 02 Oct 2008 16:50 - 391 of 903

DGO is on a slippery slope now.

cynic - 02 Oct 2008 16:57 - 392 of 903

looks to be decent support around 150

Chart.aspx?Provider=EODIntra&Code=DGO&Si

ahoj - 03 Oct 2008 10:07 - 393 of 903

http://www.moneyam.com/action/news/showArticle?id=3271161

hlyeo98 - 03 Oct 2008 11:19 - 394 of 903

Still crashing...153p now.

cynic - 03 Oct 2008 11:54 - 395 of 903

hyleo ..... just maybe worth a long punt at 150

hlyeo98 - 03 Oct 2008 13:09 - 396 of 903

It's too risky, cynic. The chart shows a steep drop...150p would be easily breached no doubt.

cynic - 03 Oct 2008 13:16 - 397 of 903

only oilies i hold at the moment are EO. and HAWK ..... agree that i can't get excited about oil sector at all .... just look at PMO after a good update this morning .... down a further 45p

required field - 05 Oct 2008 11:50 - 398 of 903

I sold some of these some time ago...lucky I did !.....but the rest of my holding is being stuffed at the moment (I'm even thinking of dipping myself in breadcrumbs and flour).....This really looks incredibly cheap...but then again so do many others....HAWK and AFR to cite but a few !.
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