UK 20:32 Tuesday, 10 November 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
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).
Already a member? Sign in
• All premium articles
• Tom Winnifrith’s Bearcast
• Access to all the entire nearly 13 year archive
• ShareProphets Daily Newsletter
Cancel any time
This area of the ShareProphets.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ShareProphets.com. ShareProphets.com does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ShareProphets.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ShareProphets.com and is not intended to be relied upon by users in making (or refraining from making) any investment decisions.
Comments
DUCK AND DIVE
If the bid is rejected, the SP will fall back to pre-offer levels – unless the bid is upped or another suitor emerges. How many more years will it take for DGO to reach current SP under its own steam – assuming it ever does?
The longer term option is a gamble and fine for young investors. Anyone over 65 should accept the bid imho.
Malcolm Stacey
Morning Duckers. I think we have to assume that the bidding company will indeed up their offer on a refusal to accept the present one. They have tried before and are likely to be anxious to keep on trying. There’s been some comment that the present offer is less in real terms than one they tried on in 2009, but as you say it is a gamble.