Santos announced today it has not made an offer for the Chevron PNG assets. Given that Santos have stated a number of times that they want to buy into PNG then OSH is the next logical choice.
Looking at the trading activity the past few days buyers have come with large single orders of 1m or 2m shares where the sellers are just the small fry.
Something to keep a close eye on, in a takeover I would expect OSH to get $1.20-$1.50.
Munch
