OSH 0.00% $4.04 oil search limited

Ann: Revised Santos proposal intention to unanimously recommend, page-32

  1. 426 Posts.
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    Don't know why we have all the "High 5s" on this deal.
    It values OSH at about $4.06 whereas it was trading at $4.57 in March and only a month or so ago it was $4.22.
    In the current environment iIts worth at least $4.50 WITHOUT any "takeover" premium.... yes, its a takeover!
    I don't know why Botton received so much criticism.... he had a SP trading in the range $6-$8. Yes, I know we had a Covid crash, but many others have recovered (reasonably well) compare to this useless mob. Its all just a bit too hard for them - should be ashamed.
    PS: I have NO problem with STO - good luck to them for securing such a great deal.
 
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