Well OSH had a good day - holding up and maintaining reasonable volume.
They really have to get the pipeline finalised one way or another - it does not bode well with the company buying shares at the moment.
The company representative said there are two main accumulators - one domestic and one overseas.
When you realise that this company has the majority of the oil business in PNG it shows it has a huge potential for takeover and as for sovereign risk - the country has huge incentives to maintain viability for OSH to operate there.
If it falls to mid 60's it is certainly worth buying - I would be interested if anyone has any serious reservations regarding OSH and what could be a big downside - on fundamentals and technicals its looking good and with a dividend as well.
OSH Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
