I agree, but you can't blame WPL for trying to get a bargain. The talk in PNG a year ago was that OSH was a 20/20 stock - i.e. $20 in 2020. That was when oil prices were a lot higher. Oil prices are not going to stay low for ever, so the future value is considerably north of $10. I don't think that the OSH board should accept anything less than $10.
The other major factor is the PNG government. PNG would have to be happy with the future buyer.
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I agree, but you can't blame WPL for trying to get a bargain....
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