Obviously closely linked to the oil price, this share offers good exposure to the Euro too. (The price is partly propped by the current strength of the Euro versus the Pound).
You are half correct - the pay date is today but the date when shareholders had to be in it to win it, i.e. the ex-date, was October the 8th. It is normal to see the price rise to (and dip after) the ex date. Payment date has no effect.
I am in at 230p, whic h was rather premature. There are some really hard-nosed bargain-hunters around - look at the guy on RBS agonising about 65p while my average is 203p - but I say DGO at under £2 is a BUY. cheers.
When the Opec guys reduce their output and drive oil back up to $100, we shall see some good gains here. DGO removed their hedges of oil price fluctuations so are fully exposed to benefit from a rise. Their figures will be great (too good for sub 250p per share) as long as price is $70 or above.