Fat Prophets' take this morning:
Investors are also of course digesting how Woodside’s move for Oil Search is going to play out, and what this means for the rest of the sector. As I have said there are a few things to navigate before the combination is set in stone, including the PNG government’s stake in Oil Search. However, a bigger issue is whether the price is actually ‘right’.
Oil Search actually fell marginally below the effective offer price yesterday which suggests there are more twists and turns to come. Oil Search has held up better than most over the past year but there is still a sense that Woodside is being opportunistic, and may have to put up 20%+ more than what is currently on the table. $10 may even be the magic number, and I think you can make a case for at least this if the energy complex is going to head higher over the longer term.
- Forums
- ASX - By Stock
- OSH
- takeover price
takeover price, page-67
-
- There are more pages in this discussion • 10 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add OSH (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO
Charles Armstrong
CEO
SPONSORED BY The Market Online