HI/ All
Iam a newby to this bb, i wen't back about 4 pages looking to see if there was a Dragon Oil thread, didn't see it perhaps i didn't go back far eneough.Any one any views on how far the sp might go with this one, with the talk about China and Lukeoil looking to buy up all the oil shares they can, imho i think this one could do very well, have held 4 years now so i would get a good return , but i think if i hang on i will get an even better one, any views anyone?
cheers

Why so much buying today on a regular basis,and same with nop any one thinks this is just the beginning or is it to do with the oil prices.

HI /ateeq
I think some of it might have to do with the oil prices, but imho and others DGO has been undervalued for a long time, and of course there is the rumour that LukOIL is sniffing round, , all helps
cheers AUTO

back on dgo on t20 think something is about to come out with the rist in the last week up every day this week

rephrase please gordon

I bought DGO at 27 and sold when they hit a 100. Been following the share ever since cringing month after month. 3.80, can anyone elaborate further on this target price? May well dump ROC and re-join the action!!

In at 33p.,moving real fast the last two weeks,right on ,dgo knows how to move.

looking at the chart we should have had a big correction already because this is technically overbought. BUT...

there are big buyers with AT trades coming in even now at these prices, probably institutional trades..

this leads me to believe that we will get a MAJOR re-rating when the results come out late Sept and the very real possiblility that we have a bidding war between the Chinese, Indians and Lukoil on our hands...

i'm going to hang on with these despite the TA because i reckon there's a bid imminent. we've already had a re-buff to Lukoil a few months ago and the CEO of Lukoil said only 3weeks ago that they were still in talks with the Turkmenistan Government with regards to a major stake in DGO..

as long as the BIG BOYS keep piling in at these prices i'm comfortable in believing that a bid of at LEAST 2.60 is imminent...

;-)

i use advfn.com and moneyam and the advfn lot reckon 3.50p or at least 2.60p during this bidding war

Dragon ticked up a little today on the ISE, good sign for tomorrow when LSE opens IMHO of course
cheers AUTO

oil over $70 and Davy Stockbrokers added DGO to their weekly note this weekend (more coverage)...

This hurricane Katrina will proberly push oil prices higher, with the shutting down of rigs and evacuation of rigs, reading in paper how hurrican could put some of the older rigs out of action for some time if not altogether,good thing they are getting all personel off them
cheers AUTO

cannot see them coming up against any resistance this side of 200p and after the results its anyones guess....

Do you mean this will go higher or will fall back,at the moment momentum seems to be up.

Does anyone know when the results r due ?

kicking myself for not getting in @ 115p just a few weeks ago - "Frequent Trader" mentions it regularly on his great website (www.frequenttrader.info - check it out, it's really informative and entertaining too!).
I keep thinking share price cannot get any higher...but it does!

Freq. Trad had original target at 140p but has recently move it up to 210p+ which seems more reasonable than 360p i've been reading! But who knows, the way things are going.. !! Even now at 179p, it has great potential upside.
Thought i'd wait for some profit taking to take place....but it seems that everyone is hanging on to their shares!!!

oddie, I totally agree and have posted the same commend, obviouly I was wrong.

are there any of you out there who bought dgo WAY BACK - im talking between 5 - 10 years ago when the roumour mill was turning ?.There was a price split (i believe a third) and the penny shares then didnt look so rosy !!!! If so can anyone remember the date when the split took place (roughly)...If only the old certificate was still valid prior to the price change - there would be a few of us sitting on MILLIONS.

out today at 184.5 think the rally over might get back in when results date know
can see falling tommorrow imho could go back to 150p

out today at 184.5 think the raly over might get back in when results date know
can see falling tommorrow imho could go back to 150p

been in since 113p but must admit i pulled out as well at 177.25p on Wednesday, looked at the chart and it's seriously overbought, may need a rest/consolidation around this level before moving ahead again. i do believe this will be 250p+ by end October and i know i've taken a risk being out while Lukoil are circling.

if it drops anywhere near 160p i'll have another pop...

meanwhile i've piled into COP...