OSH was very close to solving it's restricted cash flow with partial sell down / partnership in Alaska and rising oil / gas prices when teh whole covid crapstorm started and political crapstorm in PNG was peaking.. Timing is so hard mind you with the way things were being managed we may have had a stroke of luck that management didn't get their hands on a whole lot of cash.
Internal industry fund and corporate activity will keep oil companies funded with a increased oil price but they will have to change the risk profile of refinancing long term projects with so many funds and banks going green.
Dissappointing but not surprised on experts review and will have a furter read over weekend.
OSH and STO both being played by teh pros at the minute and wouldn't be surprised to see a bid on teh combined company before it gets it's crap together as it is surprisingly transparent at the minute due to merger so valuation is simpler and many newer holders would possibly take opportunity for a short term painfree profit. They can then invest in oil index style fund and not have individual compoany risks for exposure.
OSH Price at posting:
$4.20 Sentiment: None Disclosure: Held
