OSH 1.12% $7.24 oil search limited

holding up!

  1. 3,086 Posts.
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    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.
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Mkt cap ! $11.03B
Open High Low Value Volume
$7.21 $7.31 $7.21 $20.43M 2.816M

Buyers (Bids)

No. Vol. Price($)
7 124272 $7.23

Sellers (Offers)

Price($) Vol. No.
$7.25 47687 4
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Last trade - 16.10pm 22/11/2019 (20 minute delay) ?
0.080 ( 1.34 %)
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$7.22 $7.31 $7.21 549120
Last updated 15.59pm 22/11/2019 (live) ?
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