Why all the bearishness with OSH? Well my opinion is that without a clear path forward on gas commercialisation, the institutions are not going to want exposure to the stock. Without eventual gas sales, offshore, through either LNG or pipeline, OSH has nothing to offer other than declining oil fields and a third share in a goldmine, which I suspect is becoming more emtpy than full as well. There is strong competition for gas customers and if they dont get the min # of pjoules to make the pipeline viable then the party is over for awhile. I'd say that unless the instos such as AMP and WBC have got it wrong, the pipeline looks like it could be on the shelf for awhile. I sold out at 60 cents, after seeing the wall of selling building right down to the offer.
OSH Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
