Oil search is a potential shorting candidate stock in the current low oil price environment for the following reasons:
(1) Revenue for 2014 is just $856mil
(2) Operation margin at 58% .. expected a reduction of at least 50% for 2015
(3) Net profit for 2014 is $230mil... expected a reduction of at least 50% for 2015
(4) Debts is at currently stood at $4.5 billion
(5) Earning is 20c per share
(6) Dividend yield is just (5c) 0.5%
My question is ... Does it deserve to be a 11 billion dollars company ($7/share) ?
I reckon $3/share is more likely...
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