"The dive in the oil price to near-six-year lows has set the scene for a wave of mergers in the sector, but bankers say the risk that prices will fall further will likely delay activity until later in the year."
But if suitors wait too long they could be beaten to the punch. Either way DLS with low debt, exc reserves, good ground and about 40% of this year's prod hedged at high prices, is in a prime position.
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Mkt cap ! $644.7M | |||
| Open | High | Low | Value | Volume |
| 20.0¢ | 21.3¢ | 20.0¢ | $741.8K | 3.578M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 968233 | 20.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 21.0¢ | 751052 | 8 |
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