Primary Recommendation

Dragon Oil - Heavily oversold on D-I-R-T cheap PE (ex-cash) of 4.1

January 2012

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Given the world's fixation with resolving the Euro crisis the recent prediction by Goldman Sachs that oil will hit an alarming US$130 / barrel within the next year has almost gone un-noticed. A key catalyst that could make this happen is Iran, which produces an irreplaceable 4.25m barrels of oil per day (bopd) out of world oil production of 80m and could soon be facing economic sanctions over its refusal to stop developing nuclear weapons. If this dog eventually does bark and the inflationary money printing by central banks continues, Goldman's prediction is likely to be achieved and that would spell very good news for Dragon Oil, our favoured pick in this se ...

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Weir - Equipment supplier to oil & gas and mining sectors sees eps rocket

Domino Printing - Maker of coding and marking ink-jet printers still performing well

Dragon Oil - Net cash 36% of market value (March 2013)

Dragon Oil (December 2012)

Dragon Oil - Oil and gas producer eyes expansion to 100,000 bopd (September 2012)

Dragon Oil (July 2012)

Dragon Oil (June 2012)

Dragon Oil - Shares hit new high of 645p (April 2012)

Dragon Oil - Eyes production growth to 100,000 bopd by 2015 (December 2011)

Dragon Oil - Net cash 38% of market cap. (November 2011)

Dragon Oil - Output rises by a quarter (September 2011)

Dragon Oil (May 2011)

Dragon Oil - Production hits record 57,000 bopd (April 2011)

Dragon Oil - Monthly production hits new high (March 2011)

Dragon Oil - Very cheap oil producer on a PE of 6.5 (February 2011)

Dragon Oil (September 2010)

Dragon Oil - New marketing agreement (July 2010)

Dragon Oil (June 2010)

Dragon Oil - Actively seeking acquisitions (April 2010)

Dragon Oil - Shares bubbling up on hopes of commercialising gas assets (March 2010)

Dragon Oil - Receives 455p a share bid (December 2009)

Dragon Oil - Gain to date: 144% (July 2009)

Dragon Oil - New Year NAP showing gain of 56% (May 2009)

Dragon Oil - 28% increase in gross production (March 2009)

Dragon Oil - Aiming to become 40,000 barrel oil producer by 2010 (June 2006)

Dragon Oil - 3D survey to unlock exploration potential (September 2004)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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