Yes the results were good and there is more to come, don't be put off by the share price, this one is a day traders dream and when you watch the stock you will see trading in 50,000 and 100,000 blocks and the occasional 500,000. Traders are very reluctant to let this one go as they can accumulate nice sums on peoples misconceptions of Oil Search. Traders know where this stock is going and again today she will trade a few million and in between a price range of a few cents which makes for a nice profit. Its safe to trade but until companies like Share Analysis lifts the sell signal then this stock is not going to make any significant gains.
Oil Search has a lot pf prospects up its sleeve and with Exxon Mobile in one project this is just the start for Oil Search. I am in Oil Search and will continue to do so.
OSH Price at posting:
0.0¢ Sentiment: None Disclosure: Held
