Power Hedge
Macro, energy, alternative energy, contrarian

Dragon Oil: Undervalued By More Than 40% With Very Strong Growth Prospects

Dragon Oil plc (OTCPK:DRAGF) is a relatively small exploration and production company that is based in Dubai, U.A.E. and trades natively on the Irish stock exchange. In addition to the listing of its ordinary shares in Ireland, the company's ordinary shares trade in the over-the-counter market in the United States. However, the over-the-counter market has significantly lower liquidity for the company's shares than the company's native exchange. I will discuss the implications of this later in this article. Despite the difficulty that some American investors may have in purchasing the shares, this is a company that energy investors should pay attention to. This is because the company has strong growth prospects that do not appear to be adequately...

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