DANA PETROLEUM: DRILLING FOR 1 BILLION BARRELS OF OIL

From TLW bb:

sirrah - 19 Dec'05 - 17:18 - 3448 of 3448 edit


azalea: did you get an answer on the holdings announcement? As post 3446 DNX had a similarly mysterious holding announcement today.

DNX at all time intraday and day close high at 1020p. Good example of Fibanacci retracement. It retraced 31.8% of it's previous rise to it's previous intraday high of 1010p at which point it looked a raging buy, so I did. Hence my reduced holding of TLW. Added a few more TLW today. BUR holding it's own.

I think the major first line oil companies will recover tomorrow as Nymex has hit the bottom of the down trend channel intraday at our market close and now appears to be bouncing. Any close above $57 will be good for the sector tomorrow limiting any down side in the second liners in my opinion.