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.

            Red = 25 day moving average.           Green = 200 day moving average.

Do you not feel cynics comment above a better option and wait to hit bottom?

10% shy of the bid ...... not bad logic for a small punt, but sp may be a bit more nervous a few days ahead of the final count ..... any idea when that will be?

My crystal balls are temporarily suspended.......

I probably will not be watching if there is a sudden drop followed by a strong recovery....just can't watch the sp's all the time....

my pc is on the whole time at the office, which is (a) why i can watch prices throughout the day and (b) can annoy everyone here all day!


BB - beware the man wielding the croquet mallet

I shall vote against the company being taken over.....that's if I have a vote....long live the small shareholder...to the castle at once ....peasants et all...long live the revolution !.....I'm not a dictator....nein...nein...euhhh went a bit off track there...

Up at the end of the day....so we shall see what happens next ....

RF - don't get greedy ...... if sp moves up smartly to say 435/440, the grab the profit and wait .... at 440/445 it's even worth shorting, as the downside is then effectively only 10p especially if you pt in a limit (down, obviously), and despite the squawking, the odds of the deal not going through are 455 at pretty slim.

cynic, it clearly worth more than 6. the problem is that none has confidence to get approvals by shareholders to buy this.

worth is only what someone will pay .... if the bid is blocked, then MAYBE, some time after the initial slump, you will see sp higher than the 455 bid ..... however, the odds of the bid being blocked are anorexically slim

In that case it's still just about at the right price to buy and wait for 455p....

it's a valid view, though i still hold with my post 783, and with sp now back to 422 i don't think i'ld be too eager to jump in ..... you had been a crafty chappy such as yourself and had bought at 410'ish, then i'ld certainly continue to hold at this juncture

413p.

with ENOC being owned by dubai gov't, this whole t/o is assuredly now thrown into doubt ...... worth watching it all unfold or even unravel, but though i shall do neither, i would be more inclined to short than to buy

time rf jumped ship??

tough call, but if he is still on board, he is now running an 11p loss ...... a cautious man would suggest biting the bullet; indeed on reflection that would be the right call

Staying put...for the moment....what's 10p on a 400p stock....not much in percentage terms....but 55p more is a lot better !.

i think you may well be making a wrong call and would do better to bite the bullet.
as i read it, Uncle AD will be quite picky as to which projects he chooses to bail out, and i don't think this t/o will come high on the priority list.
after all, whether or not the t/o goes ahead does not affect at all the financial security of UAE in any respect.
i cannot see that ENOC will be able to raise the money elsewhere, even if at 455 DGO is seen as a snip.

have married money to mouth and shorted at 394
L2 shows 150k bid to 450k on offer

Cynic ? of all the shorts...with a takeover bid ?.....better to look at a possible ASC short or to go long in DES or something else...but this....good chance that there might be a rebound today....if the offer goes ahead : 60p premium at the moment...if it doesn't....so what ? : this company is worth 600p in my view... long term...