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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Dana Petroleum - Oversold markets provide excellent entry price

July 2006

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.

  • Epic Code:
  • DNX
  • Price:
  • 895p
One of the most fascinating aspects of the May shake-out is that the selling pressure affecting most commodities has not spread to oil, which if anything looks poised to smash through US$80 a barrel on the back of continuing geopolitical fears and supply shortages. While the twitchier markets suggest that out and out exploration stocks have become no-go areas, the underlying support for oil means that those enjoying strong production growth will continue to make very large sums of money. Dana Petroleum, which has a perfect mix of low risk production in the North Sea complemented by an array of exciting exploration acreage, is one such example. Over the last two years, the company has tripled its operating profit to £106m an ...

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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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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