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$4.04 oil search limited

Just note OSH shares were dilluted by about 20% in 2020. $6 is...

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Black_Dragon

152 Posts.

28

02/08/21

09:48

Post #: 54951842
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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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Just note OSH shares were dilluted by about 20% in 2020. $6 is the old $8. That said, Santos have been very opportunistic here.

OSH Price at posting: $3.81 Sentiment: Buy Disclosure: Held
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