Dragon Oil Share Discussion Threads

[biffbudbert] 28/7/2015 15:18

Cant download your link. But I take it you're referring to the dividend?

Shame that same dividend is being 'stopped' by ENOC's bullies to get their way?

I beg to differ...

But thanks for replying and trying to blow hot air up my ar$e.

[atty3] 28/7/2015 14:53

hxxp://www.topyields.nl/Top-dividend-yields-of-ISEQ.php

I beg to differ...

But thank you for your response. Its rare that anyone responds to people who arent blowing hot air up the @rses of the 'regular posters'.

[biffbudbert] 28/7/2015 14:31

atty3.....you say we have benefited 'heavily'.

I think that is a tad over the top. This share price has been held back for years because of ENOC.

If you ask me , we have been heavily shafted!

[atty3] 28/7/2015 14:13

Whilst I dont expect a direct reply to this post, there is something I did want to point out that I have read on the iii board. The comment was "After a 24% leap in petrol prices, the price for a litre of fuel has now rocketed to 37 pence a litre.
Wow, I feel really sorry for them"

Clearly irony is lost on this poster. You seperate yourselves from ENOC, but they are a shareholder just the same as all of you. Whilst ENOC have enjoyed the fruit of DGOs loins, so have all of you. Whilst I may/may not agree with the offer price, I think holders really should take a step back and recognise that have and will continue to benefit HEAVILY from this investment. There are lots of accusations of greed, and a distinct lack of appreciation for a share that has exceeded ALL expectations. Go figger...

Wow..I really feel sorry for us all.

[fido] 28/7/2015 10:22

BG have upped their stake by 81,432 shares.

[slim9] 28/7/2015 06:56

With ENOC holding over 50%

£8.5 would be a yes here.

S

[blakieboy7] 28/7/2015 06:46

Oil price will stay low while the big boys keep manipulating it as such

[bealey] 28/7/2015 06:29

The only one being greedy here is ENOC by trying to force the sale of Dragon oil for less than its worth!!!How on earth can this this be the new norm for oil prices when its a finite resource ?

[fido] 27/7/2015 23:09

"If this deal does not go through expect Dragon to go the same way as Tullow Oil"
If that is the case then ENOC will be hurting the most. What do you think Enoc`s huge loans are guaranteed against. A falling Dragon share price does ENOC no favors at all.

[squintyflinty] 27/7/2015 22:54

If this deal does not go through expect Dragon to go the same way as Tullow Oil. In these markets it is a fair price.In a more buoyant market it is not.Shareholders greed can be the undoing of them.

[fido] 27/7/2015 21:46

Exbroker,
Reference the politics:

[fido] 27/7/2015 21:40

Just out of interest, at least ENOC will not get a say in setting petrol prices.

[fido] 27/7/2015 21:30

Exbroker,
No I don`t think this is the new normal at all. The present situation has been caused by a mix of supply and politics and both of these will be sorted out in time. Only today I was reading that over $200 billion worth of oil investment has been postponed this year alone while the politics although causing emence pain are producing results. Without the perception of a recovering oil market there will be no investment and the oil price will recover anyway in time while even in Saudi the clock is ticking before they are forced to cut back on production to force the price up.

[chessman2] 27/7/2015 21:21

£8.50 would be fine with me.

[exbroker] 27/7/2015 21:13

I am trying to point out that ENOC are engaged in expectation management, there would be little point in starting at the end point, this is a big company and every penny on the price is proper money for ENOC to spend. I do have an argument with you view that the oil market will return to normal, this could be the new normal!

[fido] 27/7/2015 21:09

Exbroker,
In my valuation of Dragon I am looking forward just as ENOC are, to a time when the the oil market has normalised and the oil price recoverd (which it wil).
In such a market the £8.50 would be giving it away, even more so if the near term potential gets proven, but to get to that stage ENOC need to walk away and allow Dragon to grow as they were doing before the drop in the oil price gave them the opportunity of this bid.
So in answer to your question, no I would not accept £8.50.

[blakieboy7] 27/7/2015 20:36

850p is just a step closer....

[northwestwirral] 27/7/2015 20:35

Dragon worth more than £8.50

[oscarino] 27/7/2015 20:08

Exbroker

I would not be happy with £ 8.50 and would still be fighting against it.

[exbroker] 27/7/2015 20:00

A question for fido and any others against the bid at the current level.
If the price on this bid was 850 would you still be fighting against it so hard?

[billdot2] 27/7/2015 18:55

Got another call today , a women this time,extolling the offer made by ENOC.
I politely cut her short before she finished and told her the offer was not acceptable, and informed her I would not be voting in favour of the offer.
I have also had two separate paper forms.
Do not recall getting any of this communication with the last offer a few years back.

Desperation I think, I only hold about 25,000 shares.(mainly rapped in ISA's) They must be seeking every vote they can muster.

Good luck all.

PS If they had asked Fydo in the first place, what would be a reasonable offer, and they accepted his advise, then they would have Dragon and we would have been properly rewarded for our investment.

[beefeater25] 27/7/2015 18:39

Agree blakieboy. Just wondering whether to top up now, on the 30th or shortly after?

[blakieboy7] 27/7/2015 18:17

ENOC are desperate for full control of Dragon. An increased offer is imminent in my opinion