Oil continues to move upwards with Brent dipping in and out of $73, unfortunately we’re sort of capped at $4.25 and it’s harder to see OSH break that mark unless oil prices hit $80. Today’s jump on the back of oil being up 4.5% was disappointing and a reflection that unless Santos bids higher this will do circles. If I were to be honest to myself I don’t think Santos will bid much higher nor do I think any other company is even at the least bit interested in picking up the mess that is OSH currently.
OSH Price at posting:
$4.08 Sentiment: None Disclosure: Held
