re: back in osh: way oversold

First time i've been back in OSH for some time - nice to be back....It does look oversold from these levels.

This article is over a week old, but I'm posting because it the AGL MD is more positive about the pipeline than the market has given AGL credit for. Once again the pipeline question is allowing a cheaper entry into OSH.

A recovering oil price, a couple of pipeline customer confirmations, and a new gas development?? and it doesn't take Einstein to work out that $3.10 looks dirt cheap for a company that is earning @$500m...

Actually I'm having deja vu...this post reminds me of the posts I used to make on this thread in 2003/04/05 ad nauseum...broadly the same issues, but at a higher market cap level...


Foot on gas for $4bn PNG pipeline

September 04, 2006

ENERGY giant AGL has breathed new life into the stalled $4 billion Papua New Guinea gas pipeline project, saying it would consider