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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Dana Petroleum - Makes biggest acquisition to date

July 2010

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:
  • 1131p
Investing in oil firms can be hit or miss affairs, given that wells are costly to drill and have no guarantee of success. However,  there are occasions where minnows can graduate into the big league and Dana Petroleum, a FTSE-250 firm with a market value of just under £1.05bn, is one. Under the leadership of the chief executive and founder, Tom Cross, Dana has pursued a strategy of asset trading and growing production organically by drilling programmes and the result has been very lucrative with the shares increasing from 200p in April 2003 to a high of 1972p in May ‘08, before the recent pull-back to 1131p. After initially pursuing opportunities in Western Siberia, Dana took advantage of weak energy prices prevalent in th ...

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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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