Be careful in oil and don't put anything in you're not willing to lose.
I think personally OSH is a good opportunity. They have a stake in a world class asset shared with an oil major. Production costs are low and there is still scope for expansion both in PNG or in Alaska.
But as already mentioned OSH has a lot of debt and prices still need to rise more medium term for them not to run into more issues. Even if they have enough cash they have to comply with debt covenants. And there is sovereign risk with the PNG govt.
DYOR!
OSH Price at posting:
$2.84 Sentiment: Buy Disclosure: Held
