Don't you worry, I'll be posting very soon on OSH... I promise HEAPS of posts...lol.
Seriously though, the market got spooked by that PNG article in the paper yesterday.
The cheaper OSH gets, the cheaper the company will be able to buy back 10% of issued capital... that should be starting soon. Also, expect an announcement of the sale of gold assets (around 9cps to my estimates).
Keep an eye on Oil, independent expert says Saudi excess capacity is well below what they have stated... and it's unable to cover lost Iraqi production.
OSH's profits are booming at the moment with the oil price being where it is. They will start commercialisation of the Gas assets mid year, what ever form that might take.
Takeover should it happen more likely skewed towards mid-end of year. Santos have stated time and time again they want to expand operations in PNG. It's one of the most prospective exploration grounds in the world. OSH holds some very valuable permits, has massive gas reserves and the core business is producting solid profits forward PE 6.5 now (lower after buy back complete).
Don't have to worry about OSH... it's out of favour in a terrible bear market... but operationally things couldn't be better.
Cheers, Munch.
OSH Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
