Dana, production growth a certainty

I think the most important aspect will be how much hedging has been achieved for 2003, if the recent rise is just a spike then we have insurance against any substantial fall back, although I have to say a substantial fall in price is looking less likely by the day?

Unlikely to see any fall back in Dana shares, the recent rise brought out some profit taking but, at the close on Friday level 2 was strengthening again? I am expecting an advance to circa 14p next week, if oil contiues to rise this will keep Dana/sector in the spotlight ahead of production figures, and we may see further rises in the shares in weeks to come. It would be good to see confirmation of floors under the price of oil along side any production figures.

Regards wan ;-)