Hopefully with the Dow regaining all of yesterday losses (hopefully it ends the day above 700 points) OSH can break past $4.00 and move closer towards the $4.25 mark. And if that happens let’s all hope Santos or some other party buys us out for at the very least above $4.50. A $5.00 offer and OSH board would be dumb to not accept at present.
In 2015 WPL made an 1-for-4 scrip offer for OSH with an effective price of around $7.65 based on the prior closing price of the stock. This implied a market cap of around $11.6bn. This was a difficult time for OSH similar to now.
At present with speculation/possibility of oil reaching $100 a barrel in a few years, perhaps by summer 2022, with demand simply outpacing supply growth as the economy recovers. The situation (future prospects) is actually better in some way than 2015, STO should increase the bid to above $9/10 billion if they want this to go through.
OSH Price at posting:
$3.90 Sentiment: None Disclosure: Held
