According to Energy News "Total confirms Papua LNG moving ahead after Paris meeting" .
Totals Mozambique LNG project has had force majeure called by Total following ISIS moving in. In this the preso Total say And for Papua New Guinea, that's clear that considering the Mozambique LNG project situation, we'll give priority to Cameron LNG expansion and to Papua LNG project”
So when China finally decide to reduce coal consumption , formally, and replace it with gas the LNG price will rise
Goldman Sachs say Q3 = US$80/bbl . Another $10 bbl/ is worth a lot of free cash for OSH
I used to think $11/share and I still do.
OSH Price at posting:
$3.89 Sentiment: Buy Disclosure: Held
