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

hi automatic,
Luckly you got into this for 4 years, I am not sure if it is now too high to buy, may you also suggest some other oil? coz oil is for sure good to invest in a long term. many thanks

HI/Swseun
sorry I can't recomend any other oil shares ,although the way things are any must be a fairly good bet IMHO, i know dgo is starting to get on the expensive side but i still think this has some way to go,you must DYOR
good luck auto

Have a look atGED

Naked Trader has a target for DGO of 210p.He is a very successful trader and does'nt get much wrong!
Ethel

HI / ethel
Naked Trader target of 210p is still on the low side IMO should get to that in next couple of weeks if not sooner, all imho of course
cheers, AUTO

the figures have been worked over by a few knowledgeable investors on other threads in light of the takeover of PetroKazakstan and the like for like figures for a takeover of Dragon come out in the region of 3.80.

this is severely undervalued, hang on for the big spike...

HI/ andyeds
They will have to put me through the ringer to get me to part with my shares, well i do have a price just a little higher than the 3-80 posted above
cheers AUTO

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.