OSH 0.00% $4.04 oil search limited

Maybe I am missing something but there seems to be a high degree...

  1. 16 Posts.
    Maybe I am missing something but there seems to be a high degree of risk with OSH, as the share price relates directly to the crude oil price. The problem arises when you have a situation that took place recently, US interest rates were increased. This was to help combat inflation; however the problem was that crude oil prices were also at near record highs and therefore the government was extremely concerned about the overall economy - especially with such high crude oil prices. The day after the interest rate rise the US government announced that they had under estimated the stock of crude oil barrels and in fact came across a considerable amount more than was thought to be in stock. Obviously as a result crude oil prices fell and the market picked up with the renewed confidence.
    Now maybe I am being naive, however this seems to be completely rigged (pardon the pun).
 
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Currently unlisted public company.

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