Street Smart Investor
Long-term horizon, energy, natural resources, micro-cap

Re-Initiating DNO International For Another 60% Upside

(Editor's Note: Investors should be aware that trading in DTNOF and DTNOY is illiquid. Investors with access to the Oslo Stock Exchange can consider shares of DNO.OL)

Between Initiation and Re-Initiation

I had initiated DNO International (OTCPK:DTNOF) on October 1, 2013 for a potential 25%-42% upside. The rally made my estimates look significantly conservative as DNO International surged by 71% three months after my initiation. It is pretty natural to witness some profit booking after the stellar rally and DNO International corrected by 20% over a period of one month, after peaking out at $4.1. Post a correction all the way down to $3.26, DNO International has surged back above $4 levels as the company's annual results (declared...

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