It's not necessarily a disaster, a lot of holders likely already realised this was coming and held on anyway. Assuming they raise the capital they need, they should be in a pretty comfortable position to ride this out (at least, assuming they can see the relevant debt covenants relaxed). The raw quality of their low cost production assets remains and you can't take that away. OSH isn't a spec with a $100 breakeven oil price.
Capital raisings are never pretty, but it seems like the dilution on this one won't be catastrophic.
OSH Price at posting:
$2.73 Sentiment: Hold Disclosure: Not Held
