Dragon Oil (#DGO) - ENOC starts compulsory acquisition process
- 2015-08-20 23:32:33
UK 20:16 Tuesday, 10 November 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Hello Share Fans. If you’ve been trading for some years- and I guess from most of the posts on this glittering website that you probably have - you’ll have most of your shares safely tucked away in self-select ISAs. I know that I have. And luckily for me, most of my really big earners, like Dragon Oil (DGO) and BT (BT.a) are in these handy tax havens.
Old Getafix is dithering about whether he should accept the 750p per share takeover bid for Dragon Oil (DGO) from the Arabs at ENOC. In my view he should take the cash and run. Here’s why.
Hello Share Plinkers. As you’ll see on this outstandingly good website, Dragon Oil (DGO) faces a tricky dilemma. As you’ll probably know, a big Middle East oil set-up called ENOC has bid £7.50 per share. This is up nearly a half on the May price.
Hello Share Mashers. Let’s turn to Dragon Oil (DGO) again. I do so because the’ve issued some news that its oil production has hit a new record. Yes, the highest its ever been. Production for 2015 is likely to be up by 15%.
Hello Share Swingers. One of the earliest saying of Warren Buffet, the world’s second richest man who did it all with shares, was this. It doesn’t matter if the stock markets are falling - as long as you don’t want the money in a hurry.
Hello Shares Wobblers. I’ve just been phoned by the Emirates National Oil Company. They’re the big outfit which is attempting to take over Dragon Oil (DGO).
Hello Share Swipers. When I opined last month that Dragon Oil (DGO) was a goodly punt, I’ve been surprised that the performance of the exotic share purveyor would be quite as zapper as it is now.
Hello Share Fans. When I was just launching into the golden game after the Big Bang of the eighties, a very nice chap, who became a big cog in organising the last Olympics, suggested I buy Dragon Oil (DGO).
Hello Share Smashers. I'm fairly sure a load of our readers are still invested heavily in oil. I know I am.
Hello Share Polishers. Dragon Oil (DGO) is a bit of a scary share to be honest. Though the price is holding up well, despite some slightly worrying aspects.
Hello Share Twiddlers: You have to be careful with oil companies. And I don't just mean those outfits that are still looking for the black stuff and have yet to find it. They should almost always be avoided.
