Hmmm thats a ballsy reliance on TA. As long as you have suitable trailing stops and can execute them it may work.
Just some Funnymental news from last few days that some may not have linked to OSH.
Aussie is short of domestic gas
Government is going to restrict export to guarantee local supply and somehow pretend to control price by such a move.
Who the hell would invest in fixed gas processing in Aus when the giot changes playing field and what bank would finance another train un AUS unless the gov will guarantee something?
Meanwhile OSH is a producer , lots of gas for 20 years , more trains coming, many finance options and able to progressivly roll them
PNG politics - constant discount and rightfully so but the other part is that OSH is a majority of PNG GDP. Regardless of what is said in PNG politics the reality is tehy won't kill the golden goose and OSH does a massive extra spend to ensure $ are spend in local areas and all $ don't go through central govt.
OSH very low on cost curve picking up efficiencies with full size scaled trains with big world partners . Russians etc can't kill it with low gas price and OSH is very close for asia and india delivery.
Maybe OSH should be Switching gas shipment and doing a contra for aussie shortage and the govt foots the bill. That would pee santos and woodside and partners off a bit !!
