Wednesday, December 21, 2005
Dana: so long and thanks for the dosh
Yesterday's disappointment from Dana Petroleum and subsequent price movement gave me the opportunity to sell my entire holding for 925p.
Dana announced its Faucon-1 well offshore Mauritania had failed to find any more hydrocarbons. The well has been sealed over and abandoned.
925p represented a great opportunity for me to exit this share. Recent news from Dana has been disappointing and no firm dates have been confirmed for Dana's next African drilling. Dana remains an excellent company but this latest exploration failure, along with recent production declines (albeit temporary) have pushed me to the exit.
The challenge for the holiday period is to identify new opportunities for investment. Some hard work lies ahead.
Merry Christmas to all readers.
The Artful Dodger
Dana announced its Faucon-1 well offshore Mauritania had failed to find any more hydrocarbons. The well has been sealed over and abandoned.
925p represented a great opportunity for me to exit this share. Recent news from Dana has been disappointing and no firm dates have been confirmed for Dana's next African drilling. Dana remains an excellent company but this latest exploration failure, along with recent production declines (albeit temporary) have pushed me to the exit.
The challenge for the holiday period is to identify new opportunities for investment. Some hard work lies ahead.
Merry Christmas to all readers.
The Artful Dodger
Comments:
Post a Comment
