Sorry eshmun but with respect not sure what planet you're on...

Sorry eshmun but with respect not sure what planet you're on

"...their growth plans are in disarray."  "Management aren't in a position to deliver growth anymore....

You make it sound so finite as though this is a hopeless case. I'd hate to see what you would say about other oil stocks that are not as strong as DLS.

I think you have to realise that quiet a few on the DLS forum have been with DLS for years - for me I go back to the GOG days before the merger. So we have seen a thing or two over the years and it's not about defending DLS it's having a degree of confidence and experience with management to do the right thing both in the good times and in the bad times - and there have been some very interesting times. It's called sustainable growth which means that Brad and the team will be around for a while yet despite the POO and the current crisis.

I think Spec has said it all - it's about the reserves as one field declines another is brought online and DLS has enough for now to see it through. As far as the debt thing goes DLS will have a good handle on things there as well and I am sure they have the requisite imagination to deal with it.

And it's not as if DLS is alone in this as all boats are falling on the receding tide and they will make the necessary adjustments to cope.

Not sure how long you have been with the company but you sure have a sceptical mind. But I agree with you there is always a chance that DLS will go A over T but I think you call that risk. The big thing is that we don't really know exactly what DLS has in terms of potential and quite frankly I wouldn't be reporting exactly what I know about the patch I own in the Cooper and there is a difference between what they believe they know and what they must report as material.

So let's not write off DLS just yet as there is a lot of water to flow under bridge before we get to that stage.

Cheers
BW
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And then is heard no more. It is a tale
Told by an idiot, full of sound and fury
Signifying nothing.