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$4.04 oil search limited

Ann: Revised Santos proposal intention to unanimously recommend, page-12

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mayo1975

2,634 Posts.

452

02/08/21

09:19

Post #: 54950530
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Originally posted by Reaper11: ↑

An interesting situation. pre Covid, Oil Search was around $8 per share and has subsequently traded below $4, a more than 50% drop in value. Santos was trading around $9 pre Covid and is currently about $6.45, a decline of less than 30%. Anyone know the reasons why OSH has underperformed a peer so markedly other than inferior management. Santos obviously believe Oil Search is undervalued or they wouldn't bid for it. It's about 10 years since Santos nearly went bust and quite a turnaround for them to be taking over Oil Search. I can't help but think one company has been run a whole let better than the other, so much so that Oil Search has surrendered.

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reaper - one big reason Management instability - you can see from the announcement itself - can’t even align their announcements

OSH Price at posting: $3.81 Sentiment: Buy Disclosure: Held
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0 Great analysis

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