OSH shares are following the market trend. During BriExit, OSH dropped was bigger than other Oil & Gas Stocks while when market rallies, OSH does not rally at all.
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OSH may be siting on pile of cash but for what ? This was best time for them to acquire few small Oil Producers but they did not. Here is my login why ?
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My assessment is OSH management does not want to become Operator and Take Responsibility. Hence they are comfortable to become Minor Stack Holder and marry Big Fellows (As they did in PLNG with ExxonMobil and now with TotalSA regarding IOC acquisition).
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This is a Low Risk Strategy but at the same time, OSH management has not shown the guts to become a Operator of any projects. That is a huge weakness
OSH Price at posting:
$6.42 Sentiment: None Disclosure: Held
