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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Secondary Recommendation

Dana Petroleum - New discoveries propel Dana towards FTSE-100

June 2008

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:
  • 1897p
Dana Petroleum (FT sector: Oil & Gas) has proved to be a lucky omen for TMI subscribers. We originally tipped the shares at 259p in June 2004 before eventually selling them at 1045p in March 2006.  A subsequent decision to buy-rate them again at 1130p in March last year as well as making them a New Year Nap for 2008 at 1420p has also paid off handsomely with the shares recently soaring on the back of two significant new discoveries.  Dana is led by chief executive Tom Cross, a former petroleum engineer and strategic oil analyst who has been with the company since it floated back in 1996, when it raised funds to pursue development opportunities in Western Siberia. After building up some useful interests there, Dana su ...

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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.

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