OSH 0.00% $4.04 oil search limited

Citi rates OSH as Downgrade to Sell from Neutral, TP=$8.01, page-11

  1. 9,158 Posts.
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    Unfriggin believable is my comment and self satisfying for the traders doing this. Slow world growth or non existent numbers and the supposed move away from oil by funds ( still don't believe it) is the core cause along with soft markets for everything. I bet that the winter was going to be harder in USA Europe ( still might be) and that some high cost projects would be shelved ( they have to be eventually as they are uneconomic) . So no extra demand, supply for the short term still good and oil price low is the new environment. My bet is still on but my time frame is extended but I am not sure how far down the track as like with economists I expected some glimmer of growth in 1st world markets . A lot of oil in the market must be being produced at zero profit right now so there will be pressure as soon as some supply comes off line or demand comes up. Alternative energy is still not portable or storable so safe for a few more years unless new breeds of Algae and battery types get very good very fast as teh world is still avoiding nuclear.
 
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