I continue to buy at this price in the belief there is little downside risk given most analysts are valuing them much higher even without the pipeline, add to this the risk of war, the potential of their exploration activities, the potential for a Santos bid etc etc - appears oversold.
I suspect the price will go up which ever way the pipeline decision goes, it's too much of a distraction at the moment - my only concern is how much have they capitalised for the project which will need to be written off if it does not proceed - this will take the gloss of what must be otherwise a very good result given current oil prices ?
OSH Price at posting:
0.0¢ Sentiment: ST Buy Disclosure: Held
