basics point to higher valuation!

last years profit $200 mill aud using exchange rate of .75c.

that would put current share price on PE less than 15.

last years profit result based on average $42 usd per barrel.

currently must be averaging $52 there could be an extra $150 - $200 million profit this year - remember we are heading into driving season and then winter to drive the poo higher and opecc have suggested no more increases.

the only negatives i see are no gas announcements and wmc being taken over by bhp - as someone said could use own gas. surely if oil sits around this level, it could help OSH break its current trading range and head far over $3 - next week might be the catalyst - shall wait and see.

good luck all the faithful oshie holders.