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Hmm what any oil&gas stock got to do with : . 4) Give two more...

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issy79

451 Posts.

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23/05/16

21:38

Post #: 17846325
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Originally posted by sircorp ↑

1) 33% of Oil Search Revenue comes from Oil. Oil price is now much higher than it was last Quarter of 2015 and first Quarter of 2016. Oil Search Oil Revenue is up, sharply up. Done
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2) Almost 90% of PNG LNG is Long Term Contracted ( Pegged to Oil Price). Only 20% (they are producing 10% above capacity) get sold on Spot Market. Oil Search (Exxon Mobil LNG) is the only LNG producer in Australian Region who is still making Profit on LNG.
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3) Last week Spot Price Surged almost 85 cents(just in one week). Now Spot Price is around $5/mmbtu (plus minus 20 cents)..
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4) Give two more weeks, as soon as Ramzan starts(Muslims Fasting Season), LNG will zoom.
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... I don't buy those LNG Gloomy Stories. Yes Brokers downgrade often to accumulate stocks (as hey did with Santos) but that's why they get paid 7 figure salaries.
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Hmm what any oil&gas stock got to do with :
.
4) Give two more weeks, as soon as Ramzan starts(Muslims Fasting Season), LNG will zoom

OSH Price at posting: $6.61 Sentiment: Sell Disclosure: Not Held
1 Upvote

0 Great analysis

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