IC recommend ‘buy’ again.....13 Aug 2020 21:28
DGO now has a track record of handing cash to shareholders. Its major hedging worked this year and higher prices, which it is forecasting, should mean higher cash flows ahead. The fossil fuels exposure combined with debt and the acquisition-reliant model are risks. But if it can get through these past few months with ease, it should prove up to most challenges. Buy.