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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Dragon Oil | DGO | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 798.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 798.50 | 798.50 |
| Top Posts |
|---|
Posted at 28/7/2015 20:40 by exbroker bealey at the moment there seems to be plenty of supply and we all know what happens to prices when that happens.fido Elliot have done a great job of getting themselves in this no loose situation they would have started as an ordinary rate of return trade has become an activist type situation. At very least they can walk away at 750 claiming that they tried to help the small investors but if they do accept expect a statement saying how they did not want to cause the bid to fail and small investors to not get the benefit of the 750. I dont know what price they have in mind but much above 780 would start to get tempting, remember it only need 1 of Elliot or B.G. to crack and its over. |
Posted at 26/7/2015 18:31 by fido shadoof1,Let me refer back to a previous article to demonstrate a point. "Mr Hennigan, who says he has covered Dragon Oil for 10 years, reckons the long-term minority investors are familiar enough with the company to comment knowledgeably about its prospects. “The stand-off between Enoc and the minority shareholders reflects the fact that many of those minorities who held the shares at the time of the previous attempt to acquire Dragon Oil by Enoc have a good understanding of how value has been created in the past, and a reasonable expectation that further value will accrue in the future" Many shareholders here will have personal experience through their Dragon holding of how Enoc have lied, cheated, twisted the true and given out misinformation. To them Enoc`s comments about the 100,000bopd and all the other misinformation is just bull. "We are unsurprised by the content of Enoc’s statement,” Mr Doyle said yesterday. “We do not think that the 90,000 bpd profile is reflective of the Cheleken field’s potential, and we note that Enoc refers to this as a ‘near-term&rsq This is the ENOC most investors know only too well from the last time and which is why there is so much disbelief of anything Enoc says now. |
Posted at 23/7/2015 13:18 by fido Email sent to BG:Dear Sir, Regarding the announcement that Mr Ahmad Al Muhairbi has been appointed as a director of ENOC having been previously a member of Dragon Oil`s independent committee that recommended the ENOC offer to shareholders. There is a great deal of anger and suspicion amongst private shareholders of behind closed door deals surrounding the comittee`s recommendations and questioning of whether the independent committee was ever independent at all. Given the timescales involved in the directorship process it is obvious that in Mr Ahmad Al Muhairbi case his independence could have been swayed by his upcoming ENOC directorship and therefore at best the whole question of the committee`s independence is extreamly questionable. Such an event has caused considerable anger and suspicion amongst private investors who now see the committee`s independence as being serverly tainted. Can I ask if Baillie Gifford intend to make representations to ENOC over this matter because many investors now see the independent committee`s recommendation as null and void. Yours gratefully, Mr XXXXXXX |
Posted at 22/7/2015 15:11 by 2020hindsight HA ! Well that RNS goes some way to showing just how "independent" the Independent Committee of Directors is ! Talk about rubbing private investor's noses in it. An independent committee which has someone who has presumably been lined up for a top job in ENOC for some time ....."Mr Ahmad Al Muhairbi has confirmed that he will recuse himself from any discussions and decision-making with respect to the ENOC offer process." Too late guys. The conclusion that the "independent" nature of the committee was never "independent" is a reasonable one for investors to make. |
Posted at 23/6/2015 15:40 by fido Hopeful Holder,Normally in bid situations the share price rises to the bid or just above price initially as investors expect the bid to be increased or another bidder enter the frey, only to settle just below the bid price as some investors take the money and run rather than wait. With Dragon the share price has never got near the offer price, which suggests that the market sees this as a takeover that does not have the support of many investors and making the failure of this offer a possibility. |
Posted at 22/6/2015 20:57 by zingaro Topcar: No -"Oil investors betting on crude hitting $82 per barrel" www.telegraph.co.uk/ |
Posted at 18/6/2015 11:36 by biffbudbert It looks like our tweeting and emailing to the bigger investors seems to be paying off. We now seem to be getting feed back on a scale we never got before.Hopefully this is the start of a sustained joint effort between small and large investors for now and the future. |
Posted at 17/6/2015 17:32 by rosbeg11 Hi fido! I sent your Iranian swaps link to Dragon's Investor relations department, requesting a comment as to the potential significant improvement in profitabilityThis is the nonsence I received Thank you for contacting the Investor Relations Department at Dragon Oil. In coming to a view on its recommendation, the Independent Committee has taken into account the value being offered by ENOC today and the Independent Committee’s views on the current position and the future prospects of Dragon Oil. The Independent Committee, assisted by its financial advisers, Nomura and Davy, has modelled numerous macro and operational growth scenarios and undertaken a detailed valuation exercise of the assets and prospects of the Dragon Oil Group. In addition, the Independent Committee has engaged with minority shareholders throughout its consideration of the proposed transaction. The Independent Committee has confidence in the management of Dragon Oil and the future prospects of the Dragon Oil Group and is of the view that the Offer reflects these prospects, offering Dragon Oil minority shareholders an attractive exit price, and is in the best interests of Dragon Oil minority shareholders as a whole. The Independent Committee, which has been so advised by Nomura and Davy Corporate Finance, considers the terms of the Acquisition to be fair and reasonable for the minority shareholders of Dragon Oil. In providing their advice, Nomura and Davy Corporate Finance have taken into account the commercial assessments of the Independent Committee. Accordingly, the Independent Committee unanimously recommends that the minority shareholders of Dragon Oil accept the Offer. Regarding marketing arrangements, the Independent Committee has taken into account the value being offered by ENOC today and the Independent Committee’s views on the future prospects of Dragon Oil. Kind regards, Anna Gavrilova Investor Relations Dragon Oil |
Posted at 17/6/2015 13:48 by dragon2go What I need for the site is clarification of things which are unclear eg; consequences of voting yes or no for investors, an explanation of the optimal voting strategy for private investors to aid the institutions in stopping this bid, a rebuttal of the propaganda on ENOC's site ( dragonoiloffer.com ) which suggests this is a great deal for investors. Ideally these counterpoints need to be formatted into small concise factual statements. Whilst I have an idea about Dragon's fundamentals, there are people here who have studied them in far more detail. |
Posted at 08/6/2015 08:44 by fido flyingbull,The oil price is being played, just like Dragons share price and shareholders. The trick is to look from outside the box. There will always be a reason for the oil rise in much the same way as there was for its fall but no one will admit to the manipulation so its not even worth going there. As I said, in the case of Dragon, investors need to focus on the value in Dragon already and demand fair value for the potential that is now near term. ENOC don`t want to pay a fair price for Dragon as they are and wish to pay nothing for the near term potential. By near term potential I means weeks or months away. Games are being played and I would hope that investors do not fall for them. |
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