offer to buy Santos will help OSH

Geeesh... a narrow escape for me this morning. Just as mkt opened at 10.00am I spotted STO has received a 'highly conditional, non binding offer' to buy company in its entirety! STO has rejected it as 'opportunistic' and it clearly meant STO SP would leap. I immediately went to close my short in OSH which I had opened at 7.67. Incredibly the mkt opened at 7.33 and then dropped to 7.30. Took a minute or 2 before SP rose strongly as the 15% jump in STO filtered through on screens.

I still reckon OSH is massively overpriced but while other companies feel now is a time to do TO on oil/LNG stks its too risky to be short. Its my 2nd escape in 2 months on OSH and I', not willing to push my luck.

GLTH. OSH should go higher while these TOs and talk of TOs continue to pop up. Longer term who knows.