Steve Hogan this week agreed that Oil Search had gone up quite a bit in the last few days and thinks if it breaks through 8 dollars it will go to 10 or 11 .He is bullish on oil globally & feels that an oil surplus is decades away.
Good discussion between Steve & Howard on Oil Search & oil generally on " Your Money Your Call on Sky News Business" .
I bought my second lot of OSH at 80 or 90 cents about ten years ago & there was a bit of excitement when it went past a dollar. In those days there was just vague talk of a pipeline to nowhere or a gas works to use up all that useless gas popping up all over the place.
I bought my third lot of OSH last week. Our story doesn't get as much publicity as some of the others. I would love to know who is really behind the recent buying.
OSH Price at posting:
$7.63 Sentiment: Hold Disclosure: Held